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Registered Number: 09247567
England and Wales

 

 

 

MAGNIFICENT ACCOUNTANTS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director Nandar Thet Tin
Registered Number 09247567
Registered Office 13 Lucas Avenue
London
E13 0QP
1
  2024   2023
    £ £   £ £
Fixed assets   1,694      534 
Current assets 17,173      3,900   
Creditors: amount falling due within one year (25,700)     (10,365)  
Net current assets   (8,527)     (6,465)
Total assets less current liabilities   (6,833)     (5,931)
Provisions for liabilities   (322)    
Net assets   (7,155)     (5,931)
 

         
Capital and reserves   (7,155)     (5,931)
 
NOTES TO THE ACCOUNTS

General Information
Magnificent Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09247567, registration address 13 Lucas Avenue, London, E13 0QP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
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.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).

3.

Director’s loan

Director's transactions

During the year, the company owed to the director, Nandar Thet Tin, of £25,123 (2023: £10,365).


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 July 2025 and were signed by:


--------------------------------
Nandar Thet Tin
Director
2