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Company Registration No. 10037617 (England and Wales)
MAGOWANS (LONDON) LIMITED Unaudited accounts for the year ended 31 March 2026
MAGOWANS (LONDON) LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MAGOWANS (LONDON) LIMITED Company Information for the year ended 31 March 2026
Directors
Mr C J Magowan Mrs G R Magowan
Company Number
10037617 (England and Wales)
Registered Office
Suite 5, 4 Old Lodge Place St Margarets Road Twickenham London TW1 3RQ England
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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MAGOWANS (LONDON) LIMITED Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
587
979
Current assets
Debtors
5
28,154
33,460
Cash at bank and in hand
19,144
26,230
47,298
59,690
Creditors: amounts falling due within one year
6
(47,309)
(58,654)
Net current (liabilities)/assets
(11)
1,036
Total assets less current liabilities
576
2,015
Creditors: amounts falling due after more than one year
7
-
(1,753)
Net assets
576
262
Capital and reserves
Called up share capital
100
100
Profit and loss account
476
162
Shareholders' funds
576
262
For the year ending 31 March 2026 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 14 April 2026 and were signed on its behalf by
Mr C J Magowan Director Company Registration No. 10037617
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MAGOWANS (LONDON) LIMITED Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
MAGOWANS (LONDON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10037617. The registered office is Suite 5, 4 Old Lodge Place, St Margarets Road, Twickenham, London, TW1 3RQ, 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:
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
9,409
10,625
4,900
24,934
At 31 March 2026
9,409
10,625
4,900
24,934
Depreciation
At 1 April 2025
9,409
10,625
3,921
23,955
Charge for the year
-
-
392
392
At 31 March 2026
9,409
10,625
4,313
24,347
Net book value
At 31 March 2026
-
-
587
587
At 31 March 2025
-
-
979
979
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MAGOWANS (LONDON) LIMITED Notes to the Accounts for the year ended 31 March 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
17,357
19,506
Accrued income and prepayments
3,944
3,676
Other debtors
6,853
10,278
28,154
33,460
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
1,753
10,462
VAT
2,038
16,234
Trade creditors
4,808
660
Taxes and social security
37,063
29,651
Other creditors
147
147
Accruals
1,500
1,500
47,309
58,654
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
1,753
8
Average number of employees
During the year the average number of employees was 2 (2025: 3).
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