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Company Registration No. 10749715 (England and Wales)
Magic Master Ltd Unaudited accounts for the year ended 31 May 2025
Magic Master Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Magic Master Ltd Company Information for the year ended 31 May 2025
Director
Corneliu Mosnoi
Company Number
10749715 (England and Wales)
Registered Office
201 John Cabot House 40 Royal Crest Avenue London E16 2BA United Kingdom
Accountants
Eurofirma Ltd 59 Devons Road London E3 3DW
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Magic Master Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,637
10,533
Current assets
Debtors
5
2,513
3,066
Cash at bank and in hand
432,076
491,098
434,589
494,164
Creditors: amounts falling due within one year
6
(139,843)
(164,411)
Net current assets
294,746
329,753
Net assets
303,383
340,286
Capital and reserves
Called up share capital
100
100
Profit and loss account
303,283
340,186
Shareholders' funds
303,383
340,286
For the year ending 31 May 2025 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 his 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 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.
The financial statements were approved by the Board and authorised for issue on 5 February 2026 and were signed on its behalf by
Corneliu Mosnoi Director Company Registration No. 10749715
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Magic Master Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Magic Master Ltd is a private company, limited by shares, registered in England and Wales, registration number 10749715. The registered office is 201 John Cabot House, 40 Royal Crest Avenue, London, E16 2BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 June 2024
19,103
At 31 May 2025
19,103
Depreciation
At 1 June 2024
8,570
Charge for the year
1,896
At 31 May 2025
10,466
Net book value
At 31 May 2025
8,637
At 31 May 2024
10,533
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
2,413
2,966
Other debtors
100
100
2,513
3,066
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Magic Master Ltd Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
(7,649)
16,156
Loans from directors
128,084
146,623
Accruals
19,408
1,632
139,843
164,411
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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