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REGISTERED NUMBER: 04098283 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MAGICTEK LIMITED

MAGICTEK LIMITED (REGISTERED NUMBER: 04098283)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAGICTEK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr O E Tchortanov





SECRETARY: Mrs M Popova





REGISTERED OFFICE: 24 Radford Road
Hither Green
London
SE13 6RZ





REGISTERED NUMBER: 04098283 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

MAGICTEK LIMITED (REGISTERED NUMBER: 04098283)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,207 5,610

CURRENT ASSETS
Debtors 5 9,625 4,500
Cash at bank 27,558 29,614
37,183 34,114
CREDITORS
Amounts falling due within one year 6 30,434 29,970
NET CURRENT ASSETS 6,749 4,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,956

9,754

PROVISIONS FOR LIABILITIES 799 1,066
NET ASSETS 10,157 8,688

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,155 8,686
SHAREHOLDERS' FUNDS 10,157 8,688

MAGICTEK LIMITED (REGISTERED NUMBER: 04098283)

BALANCE SHEET - continued
31 OCTOBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2025 and were signed by:





Mr O E Tchortanov - Director


MAGICTEK LIMITED (REGISTERED NUMBER: 04098283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Magictek Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant &
Machinery Motor Van Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 1,195 13,179 14,374
DEPRECIATION
At 1 November 2023 1,145 7,619 8,764
Charge for year 13 1,390 1,403
At 31 October 2024 1,158 9,009 10,167
NET BOOK VALUE
At 31 October 2024 37 4,170 4,207
At 31 October 2023 50 5,560 5,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,000 2,000
Other debtors 7,625 2,500
9,625 4,500

MAGICTEK LIMITED (REGISTERED NUMBER: 04098283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) -
Taxation and social security 1,315 1,115
Other creditors 29,120 28,855
30,434 29,970

7. ULTIMATE CONTROLLING PARTY

In the opinion of the Director Mr Tchortanov, who owns 100% of the shares of the company, is the company's ultimate controller.