2024-01-01 2024-12-31 07888458 MANGO MAGIC LIMITED false 07888458 2024-01-01 2024-12-31 07888458 uk-bus:Director1 2024-01-01 2024-12-31 07888458 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07888458 uk-bus:SmallEntities 2024-01-01 2024-12-31 07888458 uk-bus:FullAccounts 2024-01-01 2024-12-31 07888458 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07888458 2024-01-01 07888458 2024-12-31 07888458 2023-12-31 xbrli:pure iso4217:GBP 07888458 2023-01-01 2023-12-31
Company Registration Number : 07888458 (England and Wales)
07888458
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-12-31
false
MANGO MAGIC LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-01-01
MANGO MAGIC LIMITED
Unaudited filleted financial statements
For the year ended 31 December 2024
MANGO MAGIC LIMITED
Contents
For the year ended 31 December 2024
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


MANGO MAGIC LIMITED
Company Information
For the year ended 31 December 2024
Company registration number 07888458 (England and Wales)
Director Robert Charles Barty
Registered office address 27 Cambridge Avenue
Chichester
PO20 8NE
Accountant Square Accounts Limited
5 Albert Road
Southsea
PO5 2SE
MANGO MAGIC LIMITED
Statement of Financial Position
For the year ended 31 December 2024
2024 2023
Notes £ £
Fixed assets
Intangible assets 37,406 37,406
Property, plant and equipment 1,352 2,886
6 38,759 40,292
Current assets
Debtors - 8,928
Corporation tax receivable 1,073 -
Cash and cash equivalents 17,521 29,322
18,594 38,251
Current liabilities
Creditors: Amounts falling due within one year (512) (3,523)
Corporation tax payable - (7,184)
(512) (10,708)
Net current assets/(liabilities) 18,081 27,543
Total assets less current liabilities 56,840 67,835
Net assets/(liabilities) 56,840 67,835
Capital and reserves
Called up share capital 1 1
Retained earnings 56,839 67,834
Shareholder's funds 56,840 67,835
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility 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 special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 September 2025
.............................
Robert Charles Barty (Director)
Company registration number: 07888458
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-12-31 31 December 2024
2024 2023
£ £
Fixed Assets 38,759 40,292
Current Assets 18,594 38,251
Creditors: amounts falling due within one year (512) (10,708)
Net current assets/(liabilities) 18,081 27,543
Total assets less current liabilities 56,840 67,835
Net Assets/(liabilities) 56,840 67,835
Capital and Reserves 56,840 67,835
For the year ending 31/12/2024 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. For the year ending 31-12-2024 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 for the year 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 accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 24 September 2025 2025-09-24 and signed on behalf of the board,
.............................
Robert Charles Barty
Director
Company registration number: 07888458
MANGO MAGIC LIMITED
Notes to the Financial Statements
For the year ended 31 December 2024
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 27 Cambridge Avenue, Chichester, PO20 8NE.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (comprising cryptocurrency holdings) are included at cost less any impairment losses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment33% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 1 (2023 : 1).

(6) Fixed assets
Intangible

£ 		Tangible

£ 		Totals

£
Cost
As at 01 January 202437,4066,69644,102
Disposals-(1,595)(1,595)
As at 31 December 202437,4065,10142,507
Depreciation/Amortisation
As at 01 January 2024-3,8103,810
For the year-1,5341,534
Write off on disposals-(1,595)(1,595)
As at 31 December 2024-3,7493,749
Net book value
As at 31 December 202437,4061,35238,758
As at 31 December 202337,4062,88640,292