Magna Safety Management Ltd iXBRL

Company Registration Number: 11025996

Magna Safety Management Ltd

Unaudited Financial Statements

for the financial year ended 31 October 2025

Magna Safety Management Ltd

Company Registration Number: 11025996

STATEMENT OF FINANCIAL POSITION

as at 31 October 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

782

1,456

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Current Assets

Receivables

2,834

3,744

Cash and cash equivalents

58,698

73,228

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61,532

76,972

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Payables: amounts falling due within one year

(7,472)

(10,903)

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Net Current Assets

54,060

66,069

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Total Assets less Current Liabilities

54,842

67,525

Provisions for liabilities

(149)

(277)

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Net Assets

54,693

67,248

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Capital and Reserves

Called up share capital

Retained earnings

54,692

67,247

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Equity attributable to owners of the company

54,693

67,248

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 23 July 2026



________________________________
Mr David Blair
Director

Magna Safety Management Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

General Information

Magna Safety Management Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 11025996. The registered office of the company is The Oast, EMR Centre, New Road, East Malling, Kent, ME19 6BJ. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Turnover is measured at the fair value of the consideration received for services provided exclusive of VAT for

consultancy work.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

25% Straight line

Computer equipment

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.


3.	Employees

		2025	2024
		Number	Number

	Average number of persons employed	1	1
		═════════	═════════


4.	Property, plant and equipment
		Fixtures, fittings and	Computer equipment	Total
		equipment

		£	£	£
	Cost
	At 1 November 2024	2,062	6,045	8,107
	Additions	226	-	226
		─────────	─────────	─────────
	At 31 October 2025	2,288	6,045	8,333
		─────────	─────────	─────────
	Depreciation
	At 1 November 2024	1,754	4,897	6,651
	Charge for the financial year	211	689	900
		─────────	─────────	─────────
	At 31 October 2025	1,965	5,586	7,551
		─────────	─────────	─────────
	Net book value
	At 31 October 2025	323	459	782
		═════════	═════════	═════════
	At 31 October 2024	308	1,148	1,456
		═════════	═════════	═════════


5.	Receivables	2025	2024
		£	£

	Trade receivables	2,834	3,744
		═════════	═════════


6.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Trade payables	264	88
	Taxation	6,251	9,991
	Other creditors	207	47
	Accruals	750	777
		─────────	─────────
		7,472	10,903
		═════════	═════════


7.	Provisions for liabilities

		Capital	Total	Total
		allowances

			2025	2024
		£	£	£

	At financial year start	277	277	445
	Charged to profit and loss	(128)	(128)	(168)
		─────────	─────────	─────────
	At financial year end	149	149	277
		═════════	═════════	═════════