MAGH LTD

Company Registration Number:
10501569 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

MAGH LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Additional notes
Balance sheet notes

MAGH LTD

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 202,327 190,924
Tangible assets: 4 183,660 199,127
Total fixed assets: 385,987 390,051
Current assets
Stocks: 5 21,222 15,950
Debtors: 6 378,869 116,408
Cash at bank and in hand: 267,552 6,179
Total current assets: 667,643 138,537
Creditors: amounts falling due within one year: 7 ( 606,541 ) ( 134,839 )
Net current assets (liabilities): 61,102 3,698
Total assets less current liabilities: 447,089 393,749
Creditors: amounts falling due after more than one year: 8 ( 634,622 ) ( 385,637 )
Total net assets (liabilities): (187,533) 8,112
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (187,633 ) 8,012
Total Shareholders' funds: ( 187,533 ) 8,112

The notes form part of these financial statements

MAGH LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 August 2025
and signed on behalf of the board by:

Name: Ghorban Jamali
Status: Director

The notes form part of these financial statements

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Motor vehicles 18% Reducing balance method Office Equipment 18% Reducing balance method Fixtures & fittings 18% Reducing balance method

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 19 22

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2023 150,000 40,924 190,924
Additions 11,403 11,403
Disposals
Revaluations
Transfers
At 30 November 2024 150,000 52,327 202,327
Amortisation
At 1 December 2023 0 0 0
Charge for year
On disposals
Other adjustments
At 30 November 2024 0 0 0
Net book value
At 30 November 2024 150,000 52,327 202,327
At 30 November 2023 150,000 40,924 190,924

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 525,848 17,569 15,488 558,905
Additions 25,410 6,535 31,945
Disposals ( 739 ) ( 9,859 ) ( 10,598 )
Revaluations
Transfers
At 30 November 2024 550,519 17,569 12,164 580,252
Depreciation
At 1 December 2023 347,707 7,668 4,403 359,778
Charge for year 36,510 1,813 1,946 40,269
On disposals ( 407 ) ( 3,048 ) ( 3,455 )
Other adjustments
At 30 November 2024 383,810 9,481 3,301 396,592
Net book value
At 30 November 2024 166,709 8,088 8,863 183,660
At 30 November 2023 178,141 9,901 11,085 199,127

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Stocks

2024 2023
£ £
Stocks 21,222 15,950
Total 21,222 15,950

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Debtors

2024 2023
£ £
Trade debtors 3,957 54,287
Prepayments and accrued income 15,414 26,401
Other debtors 359,498 35,720
Total 378,869 116,408
Debtors due after more than one year: 188,744 35,050

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Trade creditors 1,909 72,681
Taxation and social security 26,949 14,805
Accruals and deferred income 317 3,500
Other creditors 577,366 43,853
Total 606,541 134,839

MAGH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 74,622 25,637
Other creditors 560,000 360,000
Total 634,622 385,637