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REGISTERED NUMBER: 04192627 (England and Wales)








Audited Financial Statements

for the Year Ended

31 December 2024

for

Magnum Industries Europe Limited

Magnum Industries Europe Limited (Registered number: 04192627)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Magnum Industries Europe Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Stack
R Stack
M Stack
C Stack





SECRETARY: R Stack





REGISTERED OFFICE: Unit 22a
Navigation Drive
Hurst Business Park
Brierley Hill
West Midlands
DY5 1UT





REGISTERED NUMBER: 04192627 (England and Wales)





AUDITORS: DJH Audit Limited
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Magnum Industries Europe Limited (Registered number: 04192627)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,564,865 1,956,081
Tangible assets 5 15,215 20,157
Investments 6 - 800,000
1,580,080 2,776,238

CURRENT ASSETS
Stocks 289,029 344,039
Debtors 7 2,856,328 264,457
Cash at bank 262,756 772,847
3,408,113 1,381,343
CREDITORS
Amounts falling due within one year 8 299,980 210,669
NET CURRENT ASSETS 3,108,133 1,170,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,688,213

3,946,912

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,688,212 3,946,911
4,688,213 3,946,912

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





R Stack - Director


Magnum Industries Europe Limited (Registered number: 04192627)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Magnum Industries Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Magnum Industries Europe Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Magnum Industries Europe Limited (Registered number: 04192627)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1,956,081
AMORTISATION
Amortisation for year 391,216
At 31 December 2024 391,216
NET BOOK VALUE
At 31 December 2024 1,564,865
At 31 December 2023 1,956,081

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,214 18,213 730 20,157
DEPRECIATION
Charge for year 243 4,553 146 4,942
At 31 December 2024 243 4,553 146 4,942
NET BOOK VALUE
At 31 December 2024 971 13,660 584 15,215
At 31 December 2023 1,214 18,213 730 20,157

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 800,000
Disposals (800,000 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 800,000

Magnum Industries Europe Limited (Registered number: 04192627)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,952 251,269
Amounts owed by group undertakings 2,530,000 -
Other debtors 19,376 13,188
2,856,328 264,457

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 170,068 165,607
Taxation and social security 120,243 31,239
Other creditors 9,669 13,823
299,980 210,669

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of DJH Audit Limited

10. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £37,500 (2023: £nil).

11. RELATED PARTY DISCLOSURES

At the end of the previous year the company acquired the trade and some of the net assets of a subsidiary undertaking for £2,379,437, and it received a dividend in the current period of £1,675,355 (2023: £2,379,437) from a subsidiary undertaking, both as part of a group restructure.

At the end of the period the amount owed to the directors was £38 (2023: £38).

12. PARENT UNDERTAKING

The smallest group in which the results of the company are consolidated is that headed by Tricel (Killarney) Unlimited, of Ballyspillane Industrial Estate, Killarney, Co. Kerry, V93 X253.