Magic Beans Trading Limited - Accounts

Magic Beans Trading Limited - Accounts

MAGIC BEANS TRADING LIMITED - Company Information

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Magic Beans Trading Limited 12499533 retail and wholesale false 1 April 2022 12499533 2022-04-01 2023-03-31 12499533 2022-03-31 12499533 2023-03-31 12499533 2021-04-01 2022-03-31 12499533 2021-03-31 12499533 2022-03-31 12499533 frs102-bus:FRS102 2022-04-01 2023-03-31 12499533 frs102-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12499533 frs102-bus:FullAccounts 2022-04-01 2023-03-31 12499533 frs102-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12499533 frs102-core:CurrentFinancialInstruments 2023-03-31 12499533 frs102-core:CurrentFinancialInstruments 2022-03-31 12499533 frs102-core:Non-currentFinancialInstruments 2023-03-31 12499533 frs102-core:Non-currentFinancialInstruments 2022-03-31 12499533 frs102-core:ShareCapital 2023-03-31 12499533 frs102-core:ShareCapital 2022-03-31 12499533 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 12499533 frs102-core:RetainedEarningsAccumulatedLosses 2022-03-31 12499533 frs102-bus:Director1 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
12499533
Magic Beans Trading Limited
Unaudited Accounts
for the year ended
31 March 2023
Magic Beans Trading Limited
Balance Sheet
as at 31 March 2023
Notes
 2023
£		 2022
£
Fixed assets
Intangible assets 23,663 18,400
23,663 18,400
Current assets
Stocks 103,489 155,482
Debtors 14,008 6,268
Cash at bank and in hand 89,902 33,243
207,399 194,993
Creditors: amounts falling due within one year (178,477) (147,522)
Net current assets / (liabilities) 28,922 47,471
Total assets less current liabilities 52,585 65,871
Creditors: amounts falling due after more than one year (39,383) (0)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 13,202 65,871
Capital and reserves
Called up share capital 120 120
Profit and loss account 13,082 65,751
Shareholders' funds 13,202 65,871

Magic Beans Trading Limited
Balance Sheet
as at 31 March 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2023 the company was entitled to exemption 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.

Signed on behalf of the board of directors

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

Mr F Goddon

Director


Approved by the board on 14 July 2023

Company Number: 12499533 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

86 Paul Street
London
EC2A 4NE
England

Magic Beans Trading Limited
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.
2. Employees
2023 2022
Average number of employees during the period 2 2