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Registered number: 12285718
Magic Hands Cleaning Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12285718
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,466 3,089
2,466 3,089
CURRENT ASSETS
Debtors 5 2,829 -
Cash at bank and in hand 6,611 1,875
9,440 1,875
Creditors: Amounts Falling Due Within One Year 6 (1,846 ) (2,300 )
NET CURRENT ASSETS (LIABILITIES) 7,594 (425 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,060 2,664
NET ASSETS 10,060 2,664
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 9,960 2,564
SHAREHOLDERS' FUNDS 10,060 2,664
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Maria Goncalves
Director
25/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Magic Hands Cleaning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12285718 . The registered office is 43 Wincanton Road, Reading, Berkshire, RG2 8PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised for the provision of services as the contractual activity progresses.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% Straight line basis
Motor Vehicles 20% Reducing balance basis
Computer Equipment 33% Straight line basis
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 13)
11 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 1,535 3,860 664 6,059
Additions - - 391 391
As at 31 October 2024 1,535 3,860 1,055 6,450
Depreciation
As at 1 November 2023 906 1,534 530 2,970
Provided during the period 307 465 242 1,014
As at 31 October 2024 1,213 1,999 772 3,984
Net Book Value
As at 31 October 2024 322 1,861 283 2,466
As at 1 November 2023 629 2,326 134 3,089
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,032 -
Other debtors 797 -
2,829 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 2,082
Taxation and social security 1,846 218
1,846 2,300
7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mrs Maria Goncalves (2,145 ) 2,807 (312 ) - 350
The above loan is unsecured, interest free and repayable on demand.
Page 3