Company registration number 04192627 (England and Wales)
Magnum Industries Europe Limited
Financial Statements
For the year ended 31 December 2025
Magnum Industries Europe Limited
Company information
Directors
Robert Patrick Stack
Cornelius John Stack
Michael Joseph Stack
Richard Stuart Stack
Secretary
Robert Patrick Stack
Company number
04192627
Registered office
Unit 22a
Navigation Drive
Hurst Business Park
Brierley Hill
West Midlands
England
DY5 1UT
Auditor
DJH Audit Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
Magnum Industries Europe Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Magnum Industries Europe Limited
Statement Of Financial Position
As at 31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,173,649
1,564,865
Tangible assets
4
47,119
15,215
1,220,768
1,580,080
Current assets
Stocks
438,890
289,029
Debtors
5
3,028,169
2,856,328
Cash at bank and in hand
51,546
262,756
3,518,605
3,408,113
Creditors: amounts falling due within one year
6
(341,069)
(299,980)
Net current assets
3,177,536
3,108,133
Net assets
4,398,304
4,688,213
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
4,398,303
4,688,212
Total equity
4,398,304
4,688,213

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 June 2026 and are signed on its behalf by:
Michael Joseph Stack
Richard Stuart Stack
Director
Director
Company registration number 04192627 (England and Wales)
Magnum Industries Europe Limited
Notes to the financial statements
For the year ended 31 December 2025
- 2 -
1
Accounting policies
Company information

Magnum Industries Europe Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 22a, Navigation Drive, Hurst Business Park, Brierley Hill, West Midlands, England, DY5 1UT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

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

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is over 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Computers
20% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Magnum Industries Europe Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
7
Magnum Industries Europe Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
1,956,081
Amortisation and impairment
At 1 January 2025
391,216
Amortisation charged for the year
391,216
At 31 December 2025
782,432
Carrying amount
At 31 December 2025
1,173,649
At 31 December 2024
1,564,865
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
20,157
Additions
46,880
At 31 December 2025
67,037
Depreciation and impairment
At 1 January 2025
4,942
Depreciation charged in the year
14,976
At 31 December 2025
19,918
Carrying amount
At 31 December 2025
47,119
At 31 December 2024
15,215
Magnum Industries Europe Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
270,466
306,952
Amounts owed by group undertakings
2,730,000
2,530,000
Other debtors
27,703
19,376
3,028,169
2,856,328
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
262,199
170,068
Corporation tax
20,613
89,235
Other taxation and social security
34,339
31,008
Other creditors
23,918
9,669
341,069
299,980
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Howell FCA
Statutory Auditor:
DJH Audit Limited
Date of audit report:
1 July 2026
8
Financial commitments, guarantees and contingent liabilities

The total amount of commitments, guarantees and contingencies at the end of the year was £37,500 (202 4: £67,500).

Magnum Industries Europe Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 6 -
9
Related party transactions

The company received a dividend in the current period of £nil (2024: £1,675,355) from a subsidiary undertaking, both as part of a group restructure.

At the end of the period the amount owed to the directors was £nil (2024: £38).

10
Parent company

The ultimate parent company, and the parent of the largest and smallest group in which the results of the company are consolidated, is ACSTK Holdings IOM Unlimited Company, a company incorporated in the Isle of Man.

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