Magnify Research Limited,Ltd - AccountsLtd - Accounts

Magnify Research Limited,Ltd - AccountsLtd - Accounts

MAGNIFY RESEARCH LIMITED - Company Information

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2020-03-01 11820144 2021-02-28 11820144 2020-03-01 2021-02-28 11820144 2020-02-28 11820144 2019-02-11 2020-02-28 11820144 uk-core:WithinOneYear 2020-02-28 11820144 uk-core:WithinOneYear 2021-02-28 11820144 uk-core:ShareCapital 2021-02-28 11820144 uk-core:ShareCapital 2020-02-28 11820144 uk-core:RetainedEarningsAccumulatedLosses 2021-02-28 11820144 uk-core:RetainedEarningsAccumulatedLosses 2020-02-28 11820144 uk-bus:Director1 2020-03-01 2021-02-28 iso4217:GBP xbrli:pure 11820144 uk-bus:AuditExemptWithAccountantsReport 2020-03-01 2021-02-28 11820144 uk-bus:FRS102 2020-03-01 2021-02-28 11820144 uk-bus:FullAccounts 2020-03-01 2021-02-28 11820144 uk-bus:PrivateLimitedCompanyLtd 2020-03-01 2021-02-28
Magnify Research Limited
Registered Number:11820144
For the year ended 28 February 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2021
Magnify Research Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11820144
As at 28 February 2021
Magnify Research Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
697
756
2
697
756
Current assets
5,500
Cash and cash equivalents
7,292
7,292
5,500
Trade and other payables: amounts falling due within one
year
(3,708)
(4,192)
3
1,792
3,100
Net current assets
Total assets less current liabilities
3,797
2,548
3,797
Net assets
2,548
Capital and reserves
Called up share capital
1
1
Retained earnings
3,796
2,547
3,797
2,548
Shareholders' funds
For the year ended 28 February 2021 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 of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ben Money Director
These financial statements were approved and authorised for issue by the Board on 29 November 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2021
Magnify Research Limited
Notes to the Financial Statements
Statutory Information
Magnify Research Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11820144.
Registered address:
77b Churchview Road
Twickenham
TW2 5BU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 March 2020
1,008
173
Additions
At 28 February 2021
1,181
Provision for depreciation and impairment
At 01 March 2020
252
Charge for year
232
At 28 February 2021
484
At 28 February 2021
Net book value
697
At 29 February 2020
756
3. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
304
2,625
Other creditors
3,888
1,083
4,192
3,708
2 of 3
5
For the year ended 28 February 2021
Magnify Research Limited
Notes to the Financial Statements Continued
4. Related party transactions
During the year Magnify Research Limited paid Mr B Money (Company Director) £1467 (2020 : £1,464) for office
accommodation.
5. Directors advances and guarantees
At the balance sheet date Mr B Money (Company Director) was owed £2,808 (2020 : £3).
6. Average number of persons employed
During the year the average number of employees was 1 (2020 : 1)
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