Magma Design Ltd, EC1R 5BY

Description

Data updated on: 01-11-2023

2000 marks the launching of Magma Design Ltd, the company that is situated at 117-119 Clerkenwell Road, London in Finsbury. This means it's been 24 years Magma Design has been in this business, as it was created on 2000-05-12. The firm Companies House Reg No. is 03991841 and its area code is EC1R 5BY. The firm registered name switch from Magma Distribution to Magma Design Ltd came on 2001-03-26. This company's Standard Industrial Classification Code is 47610 and has the NACE code: Retail sale of books in specialised stores. Magma Design Limited released its account information for the financial period up to March 31, 2022. The most recent confirmation statement was filed on April 29, 2023.

As for this limited company, all of director's obligations have been performed by Montserrat O. and Marc W.. Within the group of these two individuals, Montserrat O. has supervised limited company for the longest time, having become a vital part of officers' team twenty four years ago.

Previous company's names
Magma Design Ltd 2001-03-26
Magma Distribution Ltd 2000-05-12

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	22 968	24 502	28 999	13 125

Balance Sheet
Cash Bank On Hand				35 194	12 747	16 039	16 515	1 635	10 818	63 898	75 281
Current Assets	399 142	329 091	391 150	323 778	286 592	267 973	274 906	302 371	202 693	228 108	227 698
Debtors	102 615	101 505	119 025	114 015	102 712	104 715	92 303	155 671	55 193	41 229	56 049
Net Assets Liabilities				13 125	16 482	17 412	18 838	34 347	37 882	38 696	11 513
Other Debtors	44 063	43 448	44 935	45 933	48 547	53 186	43 531	95 203	48 454	36 398	37 511
Property Plant Equipment				42 450	28 300	14 150
Total Inventories				174 569	171 133	147 219	166 088	145 065	136 682	122 981	96 368
Cash Bank In Hand	53 272	37 499	36 092	35 194
Net Assets Liabilities Including Pension Asset Liability	22 968	24 502	28 999	13 125
Stocks Inventory	243 255	190 087	236 033	174 569
Tangible Fixed Assets			56 600	42 450
Trade Debtors	8 742	5 769	12 259	21 991

Capital & Reserves
Called Up Share Capital	250 100	250 100	250 100	250 100
Profit Loss Account Reserve	-227 132	-225 598	-221 101	-236 975
Shareholder Funds	22 968	24 502	28 999	13 125

Other Financial Data
Accrued Liabilities Deferred Income				24 350	11 605	20 440	31 610	36 145	44 457	96 308	122 669
Accumulated Depreciation Impairment Property Plant Equipment				19 330	33 480	47 630	61 780
Administrative Expenses	852 997	760 185	874 423	835 595	559 857	532 958	528 123	483 841	245 278	235 285	233 877
Average Number Employees During Period	20	18	21	12	12	12	10	10	8	5	4
Bank Borrowings Overdrafts	40 866	45 646	32 388		24 634	44 046	47 139	39 252	6 667	10 000	10 000
Cost Sales	823 305	866 315	966 313	771 085	577 815	559 571	545 363	502 787	132 245	171 971	259 230
Creditors				305 021	268 927	230 571	226 411	239 589	94 280	129 178	165 951
Distribution Costs	27 995	5 954	2 513	1 654	1 129	1 363	3 797
Fixed Assets			56 600	42 450	28 300	14 150
Gross Profit Loss	860 459	767 642	882 442	822 141	565 113	536 696	535 178	-502 787	249 169	236 880	207 663
Increase From Depreciation Charge For Year Property Plant Equipment					14 150		14 150
Interest Payable Similar Charges Finance Costs				766	770	1 445	1 832	1 868	356	781	969
Net Current Assets Liabilities	22 968	64 185	38 582	18 757	17 665	37 402	48 495	62 782	108 413	98 930	61 747
Operating Profit Loss	-20 533	1 503	5 506	-15 108	4 127	2 375	3 258	-934 956	3 891	1 595	-26 214
Other Creditors				48 082	29 483	34 140	29 657	28 435	27 198	26 901	26 901
Other Operating Income Format1								51 672
Prepayments Accrued Income				46 091	47 799	48 739	48 772	30 766	1 281	2 270	16 862
Profit Loss				-15 874	3 357	930	1 426	15 509	3 535	814	-27 183
Profit Loss On Ordinary Activities Before Tax	-21 783	1 534	4 497	-15 874	3 357	930	1 426	15 509	3 535	814	-27 183
Property Plant Equipment Gross Cost				61 780	61 780	61 780	61 780
Taxation Social Security Payable				65 884	10 422	17 483	8 031	8 644	47	2 329	1 087
Total Assets Less Current Liabilities	22 968	64 185	95 182	61 207	45 965	51 552	48 495	62 782	108 413	98 930	61 747
Trade Creditors Trade Payables				214 787	222 266	148 602	139 631	155 548	43 109	20 541	32 195
Trade Debtors Trade Receivables				21 991	6 366	2 790		29 702	5 458	2 561	1 676
Turnover Revenue				1 593 226	1 142 928	1 096 267	1 076 744	952 333	261 900	393 231	466 893
Director Remuneration	84 240	84 240	86 346	69 498
Director Remuneration Benefits Including Payments To Third Parties	84 240	84 240	86 346	69 498
Accruals Deferred Income Within One Year	35 190	16 900	26 612	24 350
Bad Debts Written Off	1 236	730	532	1 346
Creditors Due After One Year		39 683	66 183	48 082
Creditors Due Within One Year	376 174	264 906	352 568	305 021
Depreciation Tangible Fixed Assets Expense			5 180	14 150
Finished Goods Goods For Resale	243 255	190 087	236 033	174 569
Interest Payable Similar Charges	1 250	1 216	1 009	766
Number Shares Allotted	250 100	250 100	250 100	250 100
Other Creditors After One Year		39 683	66 183	48 082
Other Creditors Due Within One Year	13 274	3 792	4 191
Other Interest Receivable Similar Income		1 247
Par Value Share	1	1	1	1
Prepayments Accrued Income Current Asset	49 810	52 288	61 831	46 091
Profit Loss For Period	-21 783	1 534	4 497	-15 874
Share Capital Allotted Called Up Paid	250 100	250 100	250 100	250 100
Social Security Costs	28 215	21 725	24 300	20 935
Staff Costs	339 119	258 913	304 644	270 956
Tangible Fixed Assets Additions			61 780
Tangible Fixed Assets Cost Or Valuation			61 780	61 780
Tangible Fixed Assets Depreciation			5 180	19 330
Tangible Fixed Assets Depreciation Charged In Period			5 180	14 150
Taxation Social Security Due Within One Year	17 861	18 331	26 477	65 884
Trade Creditors Within One Year	268 983	180 237	262 900	214 787
Turnover Gross Operating Revenue	1 683 764	1 633 957	1 848 755	1 593 226
Wages Salaries	310 904	237 188	280 344	250 021