Mags Worldwide Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03901171 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Mags Worldwide Limited

Page

Balance Sheet

1

FIXED ASSETS

11,325

13,115

CURRENT ASSETS

28,389

9,428

CREDITORS

Amounts falling due within one year

(15,918

)

(8,098

)

NET CURRENT ASSETS

12,471

1,330

TOTAL ASSETS LESS CURRENT LIABILITIES

23,796

14,445

CREDITORS

Amounts falling due after more than one year

19,375

21,875

NET ASSETS/(LIABILITIES)

4,421

(7,430

)

CAPITAL AND RESERVES

4,421

(7,430

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Mags Worldwide 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:

03901171

Registered office:

59 High Royds Drive

Menston

Ilkley

LS29 6QY

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2021 - 1 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22

30.9.21

£

£

Mr S Shaw and Mrs M R Shaw

Balance outstanding at start of year

5,422

(421

)

Amounts advanced

10,924

6,793

Amounts repaid

(17,386

)

(950

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,040

)

5,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 13 June 2023 and were signed on its behalf by:

Mrs M R Shaw - Director