Company Registration No. 08824964 (England and Wales)
MAGNA PAYMENTS LIMITED
Unaudited accounts
for the year ended 31 December 2025
MAGNA PAYMENTS LIMITED
Unaudited accounts
Contents
MAGNA PAYMENTS LIMITED
Company Information
for the year ended 31 December 2025
Directors
P Orme
Amanda Caroline Orme
Company Number
08824964 (England and Wales)
Registered Office
OFFICE 7
SHAKESPEARE STREET
SOUTHPORT
MERSEYSIDE
PR8 5AB
ENGLAND
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
MAGNA PAYMENTS LIMITED
Statement of financial position
as at 31 December 2025
Tangible assets
14,385
15,180
Inventories
157,485
90,618
Cash at bank and in hand
82,081
78,458
Creditors: amounts falling due within one year
(32,128)
(17,620)
Net current assets
208,562
151,480
Net assets
222,947
166,660
Called up share capital
10
10
Profit and loss account
222,937
166,650
Shareholders' funds
222,947
166,660
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by
P Orme
Director
Company Registration No. 08824964
MAGNA PAYMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2025
MAGNA PAYMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08824964. The registered office is OFFICE 7, SHAKESPEARE STREET, SOUTHPORT, MERSEYSIDE, PR8 5AB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
At 31 December 2025
21,495
At 31 December 2025
14,385
At 31 December 2024
15,180
Amounts falling due within one year
Amounts falling due after more than one year
MAGNA PAYMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
23,369
10,901
Loans from directors
-
6,719
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).