0 01/07/2024 30/06/2025 2025-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-07-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 04661326 2024-07-01 2025-06-30 04661326 2025-06-30 04661326 2024-06-30 04661326 2023-07-01 2024-06-30 04661326 2024-06-30 04661326 2023-06-30 04661326 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 04661326 bus:RegisteredOffice 2024-07-01 2025-06-30 04661326 bus:LeadAgentIfApplicable 2024-07-01 2025-06-30 04661326 bus:Director1 2024-07-01 2025-06-30 04661326 bus:CompanySecretary1 2024-07-01 2025-06-30 04661326 core:FurnitureFittingsToolsEquipment 2024-06-30 04661326 core:FurnitureFittingsToolsEquipment 2025-06-30 04661326 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 04661326 core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 04661326 core:WithinOneYear 2025-06-30 04661326 core:WithinOneYear 2024-06-30 04661326 core:ShareCapital 2025-06-30 04661326 core:ShareCapital 2024-06-30 04661326 core:RetainedEarningsAccumulatedLosses 2025-06-30 04661326 core:RetainedEarningsAccumulatedLosses 2024-06-30 04661326 core:ShareCapital 2023-06-30 04661326 core:RetainedEarningsAccumulatedLosses 2023-06-30 04661326 core:PreviouslyStatedAmount core:ShareCapital 2025-06-30 04661326 core:FurnitureFittingsToolsEquipment 2024-06-30 04661326 bus:SmallEntities 2024-07-01 2025-06-30 04661326 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 04661326 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 04661326 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04661326 bus:FullAccounts 2024-07-01 2025-06-30
Company registration number: 04661326
Magic Jo Limited
Unaudited filleted financial statements
30 June 2025
Magic Jo Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Magic Jo Limited
Directors and other information
Director Mrs Rani Mehan
Secretary Mrs Rani Mehan
Company number 04661326
Registered office 151 London Road
Boston
England
PE21 7HG
Accountants Accounts Tax Solutions Limited
3 Grove Street
Wilmslow
Cheshire
SK9 1DU
Magic Jo Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Magic Jo Limited
Year ended 30 June 2025
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2025 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Accounts Tax Solutions Limited
3 Grove Street
Wilmslow
Cheshire
SK9 1DU
5 September 2025
Magic Jo Limited
Statement of financial position
30 June 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 37 46
_______ _______
37 46
Current assets
Cash at bank and in hand 1,924 10,845
_______ _______
1,924 10,845
Creditors: amounts falling due
within one year 5 ( 261) ( 1,412)
_______ _______
Net current assets 1,663 9,433
_______ _______
Total assets less current liabilities 1,700 9,479
_______ _______
Net assets 1,700 9,479
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,600 9,379
_______ _______
Shareholders funds 1,700 9,479
_______ _______
For the year ending 30 June 2025 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 September 2025 , and are signed on behalf of the board by:
Mrs Rani Mehan
Director
Company registration number: 04661326
Magic Jo Limited
Statement of changes in equity
Year ended 30 June 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2023 100 8,395 8,495
(Loss)/profit for the year 984 984
_______ _______ _______
Total comprehensive income for the year - 984 984
_______ _______ _______
At 30 June 2024 and 1 July 2024 100 9,379 9,479
(Loss)/profit for the year ( 2,153) ( 2,153)
_______ _______ _______
Total comprehensive income for the year - ( 2,153) ( 2,153)
Dividends paid and payable ( 5,626) ( 5,626)
_______ _______ _______
Total investments by and distributions to owners - ( 5,626) ( 5,626)
_______ _______ _______
At 30 June 2025 100 1,600 1,700
_______ _______ _______
Magic Jo Limited
Notes to the financial statements
Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in Engalnd and Wales. The address of the registered office is 151 London Road, Boston, England, PE21 7HG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 July 2024 and 30 June 2025 1,470 1,470
_______ _______
Depreciation
At 1 July 2024 1,424 1,424
Charge for the year 9 9
_______ _______
At 30 June 2025 1,433 1,433
_______ _______
Carrying amount
At 30 June 2025 37 37
_______ _______
At 30 June 2024 46 46
_______ _______
5. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 119 26
Social security and other taxes 8 142
Other creditors 134 1,244
_______ _______
261 1,412
_______ _______