Company Registration No. 10679445 (England and Wales)
Magnificent ( UK ) Limited
Unaudited accounts
for the year ended 31 March 2023
Magnificent ( UK ) Limited
Unaudited accounts
Contents
Magnificent ( UK ) Limited
Company Information
for the year ended 31 March 2023
Company Number
10679445 (England and Wales)
Registered Office
Havendale, Drimpton Road
Broadwindsor
Beaminster
Dorset
DT8 3RS
England
Accountants
Easy Accountants
New Forest Enterprise Centre
Rushington Business Park
Totton
Hampshire
SO40 9LA
Magnificent ( UK ) Limited
Statement of financial position
as at 31 March 2023
Tangible assets
6,410
8,545
Cash at bank and in hand
40,968
16,816
Creditors: amounts falling due within one year
(22,425)
(16,554)
Net current assets
25,383
33,244
Called up share capital
100
100
Profit and loss account
31,693
41,689
Shareholders' funds
31,793
41,789
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 December 2023 and were signed on its behalf by
Mrs Lucy Corley
Director
Company Registration No. 10679445
Magnificent ( UK ) Limited
Notes to the Accounts
for the year ended 31 March 2023
Magnificent ( UK ) Limited is a private company, limited by shares, registered in England and Wales, registration number 10679445. The registered office is Havendale, Drimpton Road, Broadwindsor, Beaminster, Dorset, DT8 3RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
8,050
325
4,725
13,100
At 31 March 2023
8,050
325
4,725
13,100
At 1 April 2022
2,012
81
2,462
4,555
Charge for the year
1,509
61
565
2,135
At 31 March 2023
3,521
142
3,027
6,690
At 31 March 2023
4,529
183
1,698
6,410
At 31 March 2022
6,038
244
2,263
8,545
Amounts falling due within one year
Trade debtors
6,840
32,982
Magnificent ( UK ) Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,573
9,403
Loans from directors
16,034
3,200
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
