General Information
Magus Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 09178959, registration address PO Box RO DSA, 124 City Road, London, EC1V 2NX.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20% Reducing Balance
|
| Computer Equipment |
5 years Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Intangible fixed assets
| Cost |
Patent costs written off over 5 years on a straight line basis |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
54,155 |
|
54,155 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 August 2025 |
54,155 |
|
54,155 |
| Amortisation |
| At 01 September 2024 |
34,010 |
|
34,010 |
| Charge for year |
8,748 |
|
8,748 |
| On disposals |
- |
|
- |
| At 31 August 2025 |
42,758 |
|
42,758 |
| Net book values |
| At 31 August 2025 |
11,397 |
|
11,397 |
| At 31 August 2024 |
20,145 |
|
20,145 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 September 2024 |
2,745 |
|
3,048 |
|
5,793 |
| Additions |
35 |
|
- |
|
35 |
| Disposals |
- |
|
- |
|
- |
| At 31 August 2025 |
2,780 |
|
3,048 |
|
5,828 |
| Depreciation |
| At 01 September 2024 |
1,581 |
|
2,017 |
|
3,598 |
| Charge for year |
240 |
|
450 |
|
690 |
| On disposals |
- |
|
- |
|
- |
| At 31 August 2025 |
1,821 |
|
2,467 |
|
4,288 |
| Net book values |
| Closing balance as at 31 August 2025 |
959 |
|
581 |
|
1,540 |
| Opening balance as at 01 September 2024 |
1,164 |
|
1,031 |
|
2,195 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
16,302 |
|
6,089 |
| Prepayments & Accrued Income |
100 |
|
100 |
| Directors' Current Accounts |
4,970 |
|
4,970 |
|
21,372 |
|
11,159 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
993 |
|
147 |
| Corporation Tax |
2,943 |
|
872 |
| PAYE & Social Security |
882 |
|
610 |
| Accrued Expenses |
2,474 |
|
1,225 |
| Rounding |
- |
|
- |
| VAT |
8,344 |
|
7,345 |
|
15,636 |
|
10,199 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Pension Provisions |
343 |
|
(282) |
|
343 |
|
(282) |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
2
Class A shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
3
|