Magneto Films Limited - Period Ending 2023-03-31

Magneto Films Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3
Notes to the Unaudited Financial Statements	4

Magneto Films Limited

Company Information

Directors

J A Jeffs Mrs G D Jeffs

Registered office

163 Herne Hill London SE24 9LR

Accountants

DSK Partners LLP Chartered Accountants 163 Herne Hill London SE24 9LR

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Magneto Films Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Magneto Films Limited for the year ended 31 March 2023 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Magneto Films 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 Magneto Films Limited and state those matters that we have agreed to state to the Board of Directors of Magneto Films Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Magneto Films Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Magneto Films 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 Magneto Films Limited. You consider that Magneto Films 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 Magneto Films 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.

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

DSK Partners LLP
Chartered Accountants
163 Herne Hill
London
SE24 9LR

19 December 2023

Magneto Films Limited

(Registration number: 06495679)
Statement of Financial Position as at 31 March 2023

	2023 £	2022 £
Fixed assets	13,176	17,196
Current assets	60,601	116,199
Prepayments and accrued income	1,239	1,163
Creditors: Amounts falling due within one year	(33,557)	(61,931)
Net current assets	28,283	55,431
Total assets less current liabilities	41,459	72,627
Creditors: Amounts falling due after more than one year	(31,572)	(32,805)
Accruals and deferred income	(1,850)	(1,750)
	8,037	38,072
Capital and reserves	8,037	38,072

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the Board on 19 December 2023 and signed on its behalf by:
 

Mrs G D Jeffs Director

Magneto Films Limited

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
163 Herne Hill
London
SE24 9LR
United Kingdom

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

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'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 6).