Magna Trading Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06311529 (England and Wales)

MAGNA TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page

Balance Sheet

1

to

2

FIXED ASSETS

36,735

39,642

CURRENT ASSETS

151,068

143,717

CREDITORS

Amounts falling due within one year

(149,304

)

(144,141

)

NET CURRENT ASSETS/(LIABILITIES)

1,764

(424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,499

39,218

CAPITAL AND RESERVES

38,499

39,218

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Magna Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06311529

Registered office:

Unit 2, Viaduct Road

Gwaelod-Y-Garth

Taffs Well

Cardiff

CF15 9JN

The presentation currency of the financial statements is the Pound Sterling (£).

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2020 - NIL).

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company sells good to its directors on an arms length basis. At the balance sheet date, trade debtors included £698 (2020: £872) due from directors. The amounts were repaid shortly after the period end in accordance with the usual repayment period allowed to all customers.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2022 and were signed on its behalf by:

J Brown - Director