S.Mag Electrics Ltd iXBRL

S.Mag Electrics Ltd

Unaudited Financial Statements

for the financial year ended 31 October 2025

S.Mag Electrics Ltd

Company Registration Number: NI634401

BALANCE SHEET

as at 31 October 2025

	2025	2024
	£	£

Fixed Assets	2,090	2,787
	─────────	─────────
Current assets	64,338	63,546
Creditors: amounts falling due within one year	(45,915)	(45,949)
	─────────	─────────
Net Current Assets	18,423	17,597
	─────────	─────────
Total Assets less Current Liabilities	20,513	20,384
Creditors: amounts falling due after more than one year	(11,809)	(14,580)
Accruals and deferred income	(4,150)	(4,150)
	─────────	─────────
Net Assets	4,554	1,654
	═════════	═════════

Capital and Reserves	4,554	1,654
	═════════	═════════

Notes to the Financial statements

General Information

S.Mag Electrics Ltd is a private company limited by shares incorporated in Northern Ireland. Unit 2 (Coolchill), 315 Gola Road, Lisnaskea, Enniskillen, Co. Fermanagh, BT92 0FE, Northern Ireland is the registered office, which is also the principal place of business of the company.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company. The company registration number is NI634401. These Financial Statements cover the individual entity for the year ended 31st October 2025.

Employees

The average monthly number of employees, including director, during the financial year was:

2025

2024

Number

Number

Directors / Employees

═════════

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.

These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The company has taken advantage of the exemption under section 444 not to file the Director's Report, Abridged Profit and Loss Account.

Approved by the Director on 15 September 2026 and signed by:

________________________________

Mr. Daniel Maguire

Director