MAGO CONSTRUCTION LTD

Company Registration Number:
11467376 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

MAGO CONSTRUCTION LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

MAGO CONSTRUCTION LTD

Balance sheet

As at 31 July 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 142,830 117,465
Investments: 4 514,750 397,500
Total fixed assets: 657,580 514,965
Current assets
Stocks: 413,180 291,650
Debtors:   612,175 541,962
Cash at bank and in hand: 91,465 128,603
Total current assets: 1,116,820 962,215
Creditors: amounts falling due within one year:   (387,394) (357,945)
Net current assets (liabilities): 729,426 604,270
Total assets less current liabilities: 1,387,006 1,119,235
Creditors: amounts falling due after more than one year:   (282,500) (282,500)
Total net assets (liabilities): 1,104,506 836,735
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:5514,750397,500
Profit and loss account: 589,656 439,135
Shareholders funds: 1,104,506 836,735

The notes form part of these financial statements

MAGO CONSTRUCTION LTD

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 28 April 2025
and signed on behalf of the board by:

Name: S Demian
Status: Director

The notes form part of these financial statements

MAGO CONSTRUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MAGO CONSTRUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 9 7

MAGO CONSTRUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 154,585
Additions 56,280
At 31 July 2024 210,865
Depreciation
At 01 August 2023 37,120
Charge for year 30,915
At 31 July 2024 68,035
Net book value
At 31 July 2024 142,830
At 31 July 2023 117,465

MAGO CONSTRUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed investments

Leasehold Property

MAGO CONSTRUCTION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Revaluation reserve

2024
£
Balance at 01 August 2023 397,500
Surplus or deficit after revaluation 117,250
Balance at 31 July 2024 514,750