MAGNA HEALTHCARE LIMITED - Filleted accounts

Registered number

09245853

MAGNA HEALTHCARE LIMITED

Filleted Accounts

31 January 2026

MAGNA HEALTHCARE LIMITED
Registered number:		09245853
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		1,654,930			1,897,609
Tangible assets	4		48,386			64,637
			1,703,316			1,962,246

Current assets
Stocks		535,249			639,393
Debtors	5	1,829,928			1,535,648
Cash at bank and in hand		1,358,914			762,832
		3,724,091			2,937,873

Creditors: amounts falling due within one year	6	(2,461,756)			(2,571,864)

Net current assets			1,262,335			366,009

Total assets less current liabilities			2,965,651			2,328,255

Creditors: amounts falling due after more than one year	7		(1,388,066)			(1,505,783)

Provisions for liabilities			(12,426)			(16,159)

Net assets			1,565,159			806,313

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,565,157			806,311

Shareholders' funds			1,565,159			806,313

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ramesh Yadav
Director
Approved by the board on 8 October 2026

MAGNA HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Goodwill
	Goodwill represents the difference between amounts paid on the cost of a business combination and
	the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the
	date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated
	amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to
	the Statement of comprehensive income over its useful economic life.

	Other intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible
	assets are measured at cost less any accumulated amortisation and any accumulated impairment
	losses.
	All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life
	cannot be made, the useful life shall not exceed ten years.

	The estimated useful lives range as follows:
	Goodwill - 10 years

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Short-term leasehold property	Over 10 years
	Fixtures, fittings, tools and equipment	25% reducing balance

	Current and deferred taxation
	The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
	At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Dividends
	Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			45		42


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					2,468,050
	Additions					4,785
	At 31 January 2026					2,472,835

	Amortisation
	At 1 February 2025					570,441
	Provided during the year					247,464
	At 31 January 2026					817,905

	Net book value
	At 31 January 2026					1,654,930
	At 31 January 2025					1,897,609

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		S/Term Leasehold improvements		Fixtures and fittings		Total
£			£		£
	Cost
	At 1 February 2025	32,554		152,293		184,847
	Additions	-		1,599		1,599
	At 31 January 2026	32,554		153,892		186,446

	Depreciation
	At 1 February 2025	23,983		96,227		120,210
	Charge for the year	3,256		14,594		17,850
	At 31 January 2026	27,239		110,821		138,060

	Net book value
	At 31 January 2026	5,315		43,071		48,386
	At 31 January 2025	8,571		56,066		64,637


5	Debtors			2026		2025
£					£

	Trade debtors			954,337		725,628
	Amounts owed from associated undertakings			587,177		531,389
	Other debtors			288,414		278,631
				1,829,928		1,535,648

	Amounts due after more than one year included above			587,177		531,389


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			10,070		10,070
	Trade creditors			1,875,890		1,718,745
	Amounts owed to associated undertakings			27,538		55,888
	Taxation and social security costs			371,069		468,784
	Other creditors			177,189		318,377
				2,461,756		2,571,864

	Bank loans are secured by a fixed and floating charge over the assets of the company.

7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			1,388,066		1,505,783


	Bank loans are secured by a fixed and floating charge over the assets of the company.

8	Pension commitments
	The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,450 (2025: £19,944).


9	Other financial commitments			2026		2025
£					£
	Total future minimum payments under non-cancellable operating leases, not later than one year			232,240		219,657
				232,240		219,657

10	Related party transactions
	During the year, the company paid dividends to the following directors:
				2026		2025
£					£
	Mr Ramesh Yadav			600		18,700
	Mrs Rubina Shah			600		18,700

				1,200		37,400

	The balance of directors' loan account of Mr Ramesh Yadav was £69,490 (2025 - £137,258) and Mrs Rubina Shah was £69,490 (2025 - £137,258) as at 31 January 2026.


	The directors Mr Yadav and Mrs Shah had an interest in the company's transactions with Keynsham Healthcare Limited and Daki Estates Limited which are incorporated and trading in UK, by virtue of the directors also being directors in that company.


	At the balance sheet date, the company owed
				2026		2025
£					£
	Keynsham Healthcare Limited			27,538		55,888

				27,538		55,888

	At the balance sheet date, the company was owed
				2026		2025
£					£
	Daki Estates Limited			587,177		531,389

				587,177		531,389
11	Controlling party

	The company is under the control of the directors Mr Ramesh Yadav (50% share) and Mrs Rubina Shah (50% share), by virtue of the fact that between them they own 100% of the issued share capital.


12	Other information

	MAGNA HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	4 South Parade
	Chew Magna
	Bristol
	England
	BS40 8SH