REGISTERED NUMBER: 08861053 (England and Wales)

Magnus Shoes Limited

Unaudited Financial Statements

for the Year Ended 31st January 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

S Drinkwater

SECRETARY:

Mrs A J Drinkwater

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

BUSINESS ADDRESS:

2A High Street

Harpole

Northamptonshire

NN7 4DH

REGISTERED NUMBER:

08861053 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Intangible assets

5

783

1,043

Tangible assets

6

45,537

37,261

Investments

7

380,048

380,048

426,368

418,352

CURRENT ASSETS

Stocks

356,985

341,425

Debtors

8

101,777

107,284

Cash at bank and in hand

28,568

13,163

487,330

461,872

CREDITORS

Amounts falling due within one year

9

168,184

177,166

NET CURRENT ASSETS

319,146

284,706

TOTAL ASSETS LESS CURRENT LIABILITIES

745,514

703,058

CREDITORS

Amounts falling due after more than one year

10

(30,832

)

(23,042

)

PROVISIONS FOR LIABILITIES

12

(10,900

)

(9,200

)

NET ASSETS

703,782

670,816

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

703,682

670,716

SHAREHOLDERS' FUNDS

703,782

670,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 12th May 2026 and were signed by:

S Drinkwater - Director

1.	STATUTORY INFORMATION

Magnus Shoes 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.

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

The principal activity of the company for the year under review was that of a shoe retailer.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2020, 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.

Branding costs is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 20% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Branding

Goodwill

costs

Totals

£

£

£

COST

At 1st February 2025

and 31st January 2026

60,965

2,608

63,573

AMORTISATION

At 1st February 2025

60,965

1,565

62,530

Amortisation for year

-

260

260

At 31st January 2026

60,965

1,825

62,790

NET BOOK VALUE

At 31st January 2026

-

783

783

At 31st January 2025

-

1,043

1,043

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st February 2025

15,862

81,920

32,538

130,320

Additions

-

22,669

1,697

24,366

At 31st January 2026

15,862

104,589

34,235

154,686

DEPRECIATION

At 1st February 2025

14,661

47,166

31,232

93,059

Charge for year

297

14,354

1,439

16,090

At 31st January 2026

14,958

61,520

32,671

109,149

NET BOOK VALUE

At 31st January 2026

904

43,069

1,564

45,537

At 31st January 2025

1,201

34,754

1,306

37,261

7.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1st February 2025

and 31st January 2026

300,000

80,048

380,048

NET BOOK VALUE

At 31st January 2026

300,000

80,048

380,048

At 31st January 2025

300,000

80,048

380,048

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

101,777

107,284

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

12,181

9,411

Amounts owed to group undertakings

106,188

92,594

Taxation and social security

48,594

73,848

Other creditors

1,221

1,313

168,184

177,166

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

30,832

23,042

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

43,013

32,453

The bank loans are secured by a fixed and floating charge over the company's assets.

12.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

10,900

9,200

Deferred

tax

£

Balance at 1st February 2025

9,200

Provided during year

1,700

Balance at 31st January 2026

10,900

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

14.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st January 2026 or at 31st January 2025.

15.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st January 2026 or at 31st January 2025.