CHESHIRE MAG LTD


Director	OTTO, Kathryn Elizabeth Gabrielle


Registered Address	Lumbview Accounts, Grosvenor House Downcast Way
	Swinton
	Manchester
	M27 8UW


Registered Number	13504036 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		11,263		15,003
			11,263		15,003
Current assets
Debtors		57,364		64,340
Cash at bank and on hand		18,599		6,028
		75,963		70,368
Creditors amounts falling due within one year	4	(88,559)		(72,585)
Net current assets (liabilities)			(12,596)		(2,217)
Total assets less current liabilities			(1,333)		12,786
Creditors amounts falling due after one year	5		(10,914)		(16,726)
Net assets			(12,247)		(3,940)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(12,347)		(4,040)
Shareholders' funds			(12,247)		(3,940)

The company was entitled to exemption from audit for this reporting period 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 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 provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 17 September 2025, and are signed on its behalf by:

OTTO, Kathryn Elizabeth Gabrielle
Director
Registered Company No. 13504036

CHESHIRE MAG LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	25
	Office Equipment	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Buxton- 10,451.54 Intrum- 2,462.33

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. Koyne Media- 19,719.45

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	25,560	266	25,826
At 31 December 24	25,560	266	25,826
Depreciation and impairment
At 01 January 24	10,783	40	10,823
Charge for year	3,694	46	3,740
At 31 December 24	14,477	86	14,563
Net book value
At 31 December 24	11,083	180	11,263
At 31 December 23	14,777	226	15,003

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	25,482	31,563
Bank borrowings and overdrafts	4,644	4,126
Taxation and social security	29,390	14,049
Other creditors	29,043	-
Accrued liabilities and deferred income	-	22,847
Total	88,559	72,585

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	10,914	16,726
Total	10,914	16,726