REGISTERED NUMBER: 14253868 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MAGMA COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M Milosavljevic

J Mascarenhas

REGISTERED OFFICE:

115c Milton Road

Cambridge

CB4 1XE

REGISTERED NUMBER:

14253868 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Accountants and Business Advisers

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

3,398

2,777

CURRENT ASSETS

Debtors

5

6,422

5,771

Cash at bank

12,566

23,188

18,988

28,959

CREDITORS

Amounts falling due within one year

6

11,455

18,926

NET CURRENT ASSETS

7,533

10,033

TOTAL ASSETS LESS CURRENT LIABILITIES

10,931

12,810

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

10,911

12,790

10,931

12,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2026 and were signed on its behalf by:

Ms M Milosavljevic - Director

1.	STATUTORY INFORMATION

Magma Communications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Equipment

fittings

Totals

£

£

£

COST

At 1 April 2025

1,195

2,727

3,922

Additions

1,616

-

1,616

At 31 March 2026

2,811

2,727

5,538

DEPRECIATION

At 1 April 2025

418

727

1,145

Charge for year

450

545

995

At 31 March 2026

868

1,272

2,140

NET BOOK VALUE

At 31 March 2026

1,943

1,455

3,398

At 31 March 2025

777

2,000

2,777

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

5,251

Other debtors

-

520

Accrued income

6,422

-

6,422

5,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

9,860

12,269

Social security and other taxes

706

-

Directors' current accounts

169

5,967

Accruals and deferred income

720

690

11,455

18,926

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms M Milosavljevic.