Magenta Accounts Limited - Period Ending 2021-03-31

Magenta Accounts Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 5
Notes to the Unaudited Financial Statements	3

Magenta Accounts Limited

Company Information

 

Director

Mrs K J Cousens

 

Registered office

2a Poles Copse, Poles Lane Otterbourne Winchester Hampshire SO21 2DZ

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Magenta Accounts Limited
for the Year Ended 31 March 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Magenta Accounts Limited for the year ended 31 March 2021 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Magenta Accounts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Magenta Accounts Limited and state those matters that we have agreed to state to the Board of Directors of Magenta Accounts Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Magenta Accounts Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Magenta Accounts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Magenta Accounts Limited. You consider that Magenta Accounts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Magenta Accounts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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30 September 2021

Magenta Accounts Limited

(Registration number: 04657124)
Balance Sheet as at 31 March 2021

	2021		2020
	£	£	£	£
Fixed assets		32,261		58,592
Current assets	147,493		168,935
Creditors: Amounts falling due within one year	(89,765)		(92,078)
Net current assets		57,728		76,857
Total assets less current liabilities		89,989		135,449
Creditors: Amounts falling due after more than one year		(45,306)		(60,504)
		44,683		74,945
Capital and reserves		44,683		74,945

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2020 - 12).

Magenta Accounts Limited

(Registration number: 04657124)
Balance Sheet as at 31 March 2021

3	Related party transactions

Interest was charged at the official rate of interest on the overdrawn amount

Transactions with directors

2021	At 1 April 2020 £	Advances to directors £	Repayments by director £	At 31 March 2021 £
Mrs K J Cousens
had an advance during the year which was fully repaid within 9 months of the year end	36,226	19,457	(36,226)	19,457

2020	At 1 April 2019 £	Advances to directors £	At 31 March 2020 £
Mrs K J Cousens
had an advance during the year which was fully repaid within 9 months of the year end	-	36,226	36,226

Magenta Accounts Limited

(Registration number: 04657124)
Balance Sheet as at 31 March 2021

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 30 September 2021
 

.........................................

Mrs K J Cousens
Director