REGISTERED NUMBER: 01703535 (England and Wales)

MAGNA INDUSTRIALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P D Harris

Mrs E M Harris

SECRETARY:

P D Harris

REGISTERED OFFICE:

Unit P, Andoversford Link

Andoversford Industrial Estate

Cheltenham

Gloucestershire

GL54 4LB

REGISTERED NUMBER:

01703535 (England and Wales)

ACCOUNTANTS:

William Hinton Limited

Chartered Accountants

Ross House

The Square

Stow On The Wold

Gloucestershire

GL54 1AF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

163,691

187,849

163,691

187,849

CURRENT ASSETS

Stocks

125,000

94,000

Debtors

6

231,444

282,850

Cash at bank and in hand

161,928

169,577

518,372

546,427

CREDITORS

Amounts falling due within one year

7

127,852

109,546

NET CURRENT ASSETS

390,520

436,881

TOTAL ASSETS LESS CURRENT LIABILITIES

554,211

624,730

PROVISIONS FOR LIABILITIES

39,511

34,383

NET ASSETS

514,700

590,347

CAPITAL AND RESERVES

Called up share capital

2,020

2,020

Capital redemption reserve

8,080

8,080

Retained earnings

504,600

580,247

SHAREHOLDERS' FUNDS

514,700

590,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

P D Harris - Director

1.	STATUTORY INFORMATION

Magna Industrials Limited 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Kiln

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Moulds

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

40,000

AMORTISATION

At 1 May 2024

and 30 April 2025

40,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Kiln

fittings

vehicles

Moulds

Totals

£

£

£

£

£

COST

At 1 May 2024

and 30 April 2025

429,982

381,339

11,500

121,277

944,098

DEPRECIATION

At 1 May 2024

326,217

298,578

10,230

121,224

756,249

Charge for year

15,565

8,276

317

-

24,158

At 30 April 2025

341,782

306,854

10,547

121,224

780,407

NET BOOK VALUE

At 30 April 2025

88,200

74,485

953

53

163,691

At 30 April 2024

103,765

82,761

1,270

53

187,849

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Kiln

£

COST

At 1 May 2024

and 30 April 2025

113,050

DEPRECIATION

At 1 May 2024

and 30 April 2025

104,388

NET BOOK VALUE

At 30 April 2025

8,662

At 30 April 2024

8,662

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

179,876

225,634

Other debtors

51,568

57,216

231,444

282,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

90,006

55,024

Taxation and social security

31,188

47,897

Other creditors

6,658

6,625

127,852

109,546

8.	ULTIMATE CONTROLLING PARTY

P D Harris controls the company by virtue of his shareholding.