Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,491 (2024 - £2,050) . Contributions totalling £244 (2024 - £-) were payable to the fund at the reporting date and are included in creditors. Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.2024-03-01false8No description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06960398 2024-03-01 2025-02-28 06960398 2023-03-01 2024-02-29 06960398 2025-02-28 06960398 2024-02-29 06960398 c:Director1 2024-03-01 2025-02-28 06960398 d:PlantMachinery 2024-03-01 2025-02-28 06960398 d:PlantMachinery 2025-02-28 06960398 d:PlantMachinery 2024-02-29 06960398 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 06960398 d:FurnitureFittings 2024-03-01 2025-02-28 06960398 d:FurnitureFittings 2025-02-28 06960398 d:FurnitureFittings 2024-02-29 06960398 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 06960398 d:OfficeEquipment 2024-03-01 2025-02-28 06960398 d:OfficeEquipment 2025-02-28 06960398 d:OfficeEquipment 2024-02-29 06960398 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 06960398 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 06960398 d:CurrentFinancialInstruments 2025-02-28 06960398 d:CurrentFinancialInstruments 2024-02-29 06960398 d:Non-currentFinancialInstruments 2025-02-28 06960398 d:Non-currentFinancialInstruments 2024-02-29 06960398 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 06960398 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06960398 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 06960398 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 06960398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-02-28 06960398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 06960398 d:ShareCapital 2025-02-28 06960398 d:ShareCapital 2024-02-29 06960398 d:CapitalRedemptionReserve 2025-02-28 06960398 d:CapitalRedemptionReserve 2024-02-29 06960398 d:RetainedEarningsAccumulatedLosses 2025-02-28 06960398 d:RetainedEarningsAccumulatedLosses 2024-02-29 06960398 c:OrdinaryShareClass4 2024-03-01 2025-02-28 06960398 c:OrdinaryShareClass4 2025-02-28 06960398 c:OrdinaryShareClass4 2024-02-29 06960398 c:FRS102 2024-03-01 2025-02-28 06960398 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06960398 c:FullAccounts 2024-03-01 2025-02-28 06960398 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06960398 d:WithinOneYear 2025-02-28 06960398 d:WithinOneYear 2024-02-29 06960398 d:BetweenOneFiveYears 2025-02-28 06960398 d:BetweenOneFiveYears 2024-02-29 06960398 d:HirePurchaseContracts d:WithinOneYear 2025-02-28 06960398 d:HirePurchaseContracts d:WithinOneYear 2024-02-29 06960398 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-02-28 06960398 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-29 06960398 2 2024-03-01 2025-02-28 06960398 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 06960398


MAGNUS SERVICES LIMITED
T/A THE CLEAN BEAN

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
MAGNUS SERVICES LIMITED
REGISTERED NUMBER: 06960398

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
 3 
36,311
23,284

  
36,311
23,284

Current assets
  

Debtors: amounts falling due within one year
 4 
24,196
12,133

Bank and cash balances
  
13,922
36,023

  
38,118
48,156

Creditors: amounts falling due within one year
 5 
(48,284)
(49,166)

Net current liabilities
  
 
 
(10,166)
 
 
(1,010)

Total assets less current liabilities
  
26,145
22,274

Creditors: amounts falling due after more than one year
 6 
(16,292)
(15,521)

Provisions for liabilities
  

Deferred tax
  
(9,078)
(6,007)

  
 
 
(9,078)
 
 
(6,007)

Net assets
  
775
746


Capital and reserves
  

Called up share capital 
  
4
4

Capital redemption reserve
  
14
14

Profit and loss account
  
757
728

  
775
746


Page 1

 
MAGNUS SERVICES LIMITED
REGISTERED NUMBER: 06960398

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 July 2025.




Tara Magnus
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MAGNUS SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


GENERAL INFORMATION

Magnus Services Limited is a UK company incorporated in England and Wales with a registered number of 06960398 and registered office of 274 Gloucester Road, Bristol, BS7 8PB.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MAGNUS SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

PENSIONS

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MAGNUS SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.ACCOUNTING POLICIES (CONTINUED)


2.8
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
MAGNUS SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

3.


TANGIBLE FIXED ASSETS







Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2024
71,455
3,231
1,454
76,140


Additions
11,560
2,130
1,934
15,624



At 28 February 2025

83,015
5,361
3,388
91,764



Depreciation


At 1 March 2024
51,138
1,324
394
52,856


Charge for the year on owned assets
878
1,168
553
2,599



At 28 February 2025

52,016
2,492
947
55,455



Net book value



At 28 February 2025
30,999
2,869
2,441
36,309



At 29 February 2024
20,317
1,907
1,061
23,285


4.


DEBTORS

28 February
29 February
2025
2024
£
£


Trade debtors
632
-

Other debtors
22,564
11,300

Prepayments
1,000
833

24,196
12,133


Page 6

 
MAGNUS SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


CREDITORS: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank loans
5,297
5,297

Trade creditors
2,834
2,756

Corporation tax
11,439
9,160

Other taxation and social security
18,037
14,800

Obligations under finance lease and hire purchase contracts
4,000
2,200

Other creditors
4,968
13,455

Accruals and deferred income
1,709
1,498

48,284
49,166



6.


CREDITORS: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
4,442
8,371

Net obligations under finance leases and hire purchase contracts
11,850
7,150

16,292
15,521



7.


LOANS


Analysis of the maturity of loans is given below:


28 February
29 February
2025
2024
£
£

Amounts falling due within one year

Bank loans
5,297
5,297


5,297
5,297

Amounts falling due 1-2 years

Bank loans
4,442
8,371


4,442
8,371



9,739
13,668


Page 7

 
MAGNUS SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

8.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

28 February
29 February
2025
2024
£
£


Within one year
4,000
2,200

Between 1-5 years
11,850
7,150

15,850
9,350


9.


SHARE CAPITAL

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



40 (2024 -40) Ordinary Class D shares of £0.10 each
4
4



10.


PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £2,491 (2024 - £2,050) . Contributions totalling £244 (2024 - £-) were payable to the fund at the reporting date and are included in creditors.


11.


COMMITMENTS UNDER OPERATING LEASES

At 28 February 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

28 February
29 February
2025
2024
£
£


Not later than 1 year
25,540
12,000

Later than 1 year and not later than 5 years
32,615
15,000

58,155
27,000


Page 8