true
Magic Wireless Limited
04641002
2016-06-30
-1306
-1200
-1305
-1199
1
1
-1305
-1199
-1305
-1199
-1305
-1199
1320
1704
15
505
15
505
Basis of accounting
The accounts have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Going Concern basis
The accounts have been prepared on a going concern basis in spite of the deficit of net assets. The director has agreed to support the company for the foreseeable future.
Fixtures & Fittings
Reducing balance basis
0.3300
476
476
476
476
476
476
476
476
Ordinary
100
1
100
100
Ordinary
1
1
1
1
2017-03-23
Mr F W Baldry
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Magic Wireless Limited
2015-07-01
2016-06-30
Magic Wireless Limited
2014-07-01
2015-06-30
Magic Wireless Limited
2014-06-30
Magic Wireless Limited
2015-06-30
Magic Wireless Limited
2015-06-30
Magic Wireless Limited
2016-06-30
2017-03-29