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Company Registration No. 09135976 (England and Wales)
MAGIC TAPING AND JOINTING LTD Unaudited accounts for the year ended 31 July 2025
MAGIC TAPING AND JOINTING LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MAGIC TAPING AND JOINTING LTD Company Information for the year ended 31 July 2025
Directors
BAFFOUR OBENG KWABENA AMOAH
Company Number
09135976 (England and Wales)
Registered Office
18 GILBERT HOUSE RUNCORN CHESHIRE WA7 1NJ ENGLAND
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MAGIC TAPING AND JOINTING LTD Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,100
2,800
Current assets
Debtors
5
20,873
25,312
Cash at bank and in hand
54,806
9,715
75,679
35,027
Creditors: amounts falling due within one year
6
(57,026)
(18,336)
Net current assets
18,653
16,691
Total assets less current liabilities
20,753
19,491
Creditors: amounts falling due after more than one year
7
(9,727)
(15,349)
Net assets
11,026
4,142
Capital and reserves
Called up share capital
100
100
Profit and loss account
10,926
4,042
Shareholders' funds
11,026
4,142
For the year ending 31 July 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 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 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 of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by
BAFFOUR OBENG Director Company Registration No. 09135976
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MAGIC TAPING AND JOINTING LTD Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
MAGIC TAPING AND JOINTING LTD is a private company, limited by shares, registered in England and Wales, registration number 09135976. The registered office is 18 GILBERT HOUSE, RUNCORN, CHESHIRE, WA7 1NJ, ENGLAND.
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:
Plant & machinery
20% STRAIGHT LINE
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 August 2024
3,500
At 31 July 2025
3,500
Depreciation
At 1 August 2024
700
Charge for the year
700
At 31 July 2025
1,400
Net book value
At 31 July 2025
2,100
At 31 July 2024
2,800
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
20,873
25,312
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MAGIC TAPING AND JOINTING LTD Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,142
-
Taxes and social security
1,043
-
Loans from directors
44,341
14,836
Accruals
2,500
3,500
57,026
18,336
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,727
15,349
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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