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Company Registration No. 10451027 (England and Wales)
MAGFORCE LTD Unaudited accounts for the year ended 31 October 2025
MAGFORCE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MAGFORCE LTD Company Information for the year ended 31 October 2025
Director
Mr Massimo Parodi
Company Number
10451027 (England and Wales)
Registered Office
Flat 50, Merchant’s House COLLINGTON STREET LONDON SE10 9LX England
Accountants
Accountingpreneur Limited Second Floor 26 Goodge Street Fitzrovia London W1T 2QG
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MAGFORCE LTD Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Current assets
Debtors
5
291,187
134,389
Cash at bank and in hand
32,196
14,375
323,383
148,764
Creditors: amounts falling due within one year
6
(281,483)
(134,190)
Net current assets
41,900
14,574
Net assets
41,900
14,574
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,800
14,474
Shareholders' funds
41,900
14,574
For the year ending 31 October 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2026 and were signed on its behalf by
Mr Massimo Parodi Director Company Registration No. 10451027
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MAGFORCE LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
MAGFORCE LTD is a private company, limited by shares, registered in England and Wales, registration number 10451027. The registered office is Flat 50, Merchant’s House, COLLINGTON STREET, LONDON, SE10 9LX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
Amortisation @10%SLM
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 November 2024
458
At 31 October 2025
458
Depreciation
At 1 November 2024
458
At 31 October 2025
458
Net book value
At 31 October 2025
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,945
345
Amounts due from group undertakings etc.
551
551
Other debtors
7,991
7,991
13,487
8,887
Amounts falling due after more than one year
Other debtors
277,700
125,502
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MAGFORCE LTD Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
345
Taxes and social security
13,220
3,065
Other creditors
268,106
129,783
Loans from directors
157
997
281,483
134,190
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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