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Registered number: 07545021
Magenta Associates Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07545021
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,740 14,623
11,740 14,623
CURRENT ASSETS
Debtors 165,047 158,207
Cash at bank and in hand 152,787 75,329
317,834 233,536
Creditors: Amounts Falling Due Within One Year (191,105 ) (139,844 )
NET CURRENT ASSETS (LIABILITIES) 126,729 93,692
TOTAL ASSETS LESS CURRENT LIABILITIES 138,469 108,315
NET ASSETS 138,469 108,315
CAPITAL AND RESERVES
Called up share capital 5 1,125 1,125
Share premium account 99,732 99,732
Profit and Loss Account 37,612 7,458
SHAREHOLDERS' FUNDS 138,469 108,315
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Cathy Hayward
Director
09/07/2026
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Magenta Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07545021 . The registered office is University Of Sussex, Sussex Innovation Centre, Science Park Square, Brighton, BN1 9SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on 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 profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2025: 10)
10 10
4. Tangible Assets
Total
£
Cost
As at 1 April 2025 97,043
Additions 832
As at 31 March 2026 97,875
Depreciation
As at 1 April 2025 82,420
Provided during the period 3,715
As at 31 March 2026 86,135
Net Book Value
As at 31 March 2026 11,740
As at 1 April 2025 14,623
5. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,125 1,125
6. Related Party Transactions
Employee Ownership Trust
On 7 October 2024, the company transferred a controlling interest to Magenta Associates EOT Trustees Limited acting as trustee for the Magenta Associates Employee Ownership Trust. The ultimate controlling party is the Trust, held for the benefit of the eligible employees of the company.
During the year ended 31 March 2026 the company made a contribution of £97,191 (2025: £166,085) to the Employee Ownership Trust. This contribution was used by the Trust to facilitate payments to the former shareholders in accordance with the sale and purchase agreement.
As at the balance sheet date, the company owed £Nil to the Trust (2025: £Nil).
7. Reserves
Profit and loss account
The profit and loss accounts includes all current and prior period retained profits and losses.
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