Magnet Insurance Services Ltd in Newark, NG24 2TN

Description

Data updated on: 01-11-2023

Magnet Insurance Services is a company located at NG24 2TN Newark at Newark Beacon. The firm was formed in 2008 and is registered under reg. no. 06664153. The firm has existed on the English market for sixteen years now and the current state is active. The firm's SIC code is 65120 which stands for Non-life insurance. Its latest financial reports were submitted for the period up to 2022-12-31 and the most current annual confirmation statement was filed on 2023-08-05.

1 transaction have been registered in 2015 with a sum total of £2,528. In 2014 there was a similar number of transactions (exactly 1) that added up to £1,660. The Council conducted 1 transaction in 2013, this added up to £2,728. All the transactions taken into account were valued at 500 pounds or more. In total, the company conducted 4 transactions and issued invoices for £9,293. Cooperation with the Brighton & Hove City council covered the following areas: Miscellaneous Expenses.

This company has one managing director at the current moment managing the company, specifically Anthony B. who's been executing the director's assignments since 2008-08-05. Since 2013-07-01 Ian H., had performed assigned duties for the company up until the resignation in September 2018. As a follow-up a different director, specifically James P. gave up the position on 2012-10-11.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	82 916	80 527	121 688	182 443	279 865

Balance Sheet
Cash Bank In Hand	251 815	237 718	141 358	106 800	114 087
Cash Bank On Hand					114 087	142 004	355 682	708 411	841 995	1 035 700	472 395	379 955	95 598
Current Assets	284 143	256 882	187 464	161 051	173 814	203 836	433 860	1 057 337	1 131 003	1 235 819	572 183	428 484	178 572
Debtors	32 328	19 164	46 106	54 251	59 727	61 832	78 178	348 926	289 008	200 119	99 788	48 529	82 974
Intangible Fixed Assets	50 400	37 800	25 200	12 600
Net Assets Liabilities					279 865	436 115	610 007	747 660	818 478	290 727	481 586	410 905	147 279
Net Assets Liabilities Including Pension Asset Liability	82 916	80 527	121 688	182 443	279 865
Property Plant Equipment					5 788	3 674	3 872	5 563	5 178	10 978	6 709	1 577	3 408
Tangible Fixed Assets	6 951	3 092	7 302	10 201	5 788

Capital & Reserves
Called Up Share Capital	20 000	20 000	21 978	21 978	21 978
Profit Loss Account Reserve	62 916	60 527	99 710	160 465	257 887
Shareholder Funds	82 916	80 527	121 688	182 443	279 865

Other Financial Data
Accrued Liabilities						960	960	960	960	1 080	1 080	1 200	1 200
Accumulated Amortisation Impairment Intangible Assets					70 000	70 000	70 000	70 000	70 000				11 000
Accumulated Depreciation Impairment Property Plant Equipment					23 616	22 372	21 061	23 358	28 220	34 225	41 427	47 412	49 394
Average Number Employees During Period						15	15	13	13	14	18	14	10
Bank Borrowings Overdrafts								1
Corporation Tax Payable						74 602	75 883	91 031	48 885	59 958	86 557	5 237	59 405
Creditors					320 557	192 638	248 927	314 129	316 668	953 874	96 031	18 856	77 849
Creditors Due After One Year			235 000	95 000
Creditors Due Within One Year	257 188	216 628	283 796	326 347	320 557
Disposals Decrease In Depreciation Impairment Property Plant Equipment						4 929	3 853	1 875		2 247
Disposals Property Plant Equipment						5 472	3 853	1 875		2 247
Dividends Paid					118 816	140 816
Fixed Assets	57 351	40 892	454 480	444 779	427 766	425 652	425 850	5 564	5 178	10 978		1 577	47 408
Increase From Amortisation Charge For Year Intangible Assets													11 000
Increase From Depreciation Charge For Year Property Plant Equipment						3 685	2 542	4 172	4 862	8 252	7 202	5 985	1 982
Intangible Assets													44 000
Intangible Assets Gross Cost					70 000	70 000	70 000	70 000	70 000				55 000
Intangible Fixed Assets Aggregate Amortisation Impairment	19 600	32 200	44 800	57 400	70 000
Intangible Fixed Assets Amortisation Charged In Period		12 600	12 600	12 600	12 600
Intangible Fixed Assets Cost Or Valuation	70 000	70 000	70 000	70 000
Investments Fixed Assets			421 978	421 978	421 978	421 978	421 978	1
Investments In Group Undertakings						421 978	421 978	1	-1
Net Current Assets Liabilities	26 955	40 254	-96 332	-165 296	-146 743	11 198	184 932	743 208	814 335	281 945	476 152	409 628	100 723
Number Shares Allotted		20 000	1 978	1 978	1 978
Other Creditors						255						1 592	1 333
Other Taxation Social Security Payable						4 456	4 875	3 570	11 248	7 281	6 827	5 661	4 583
Par Value Share		1	1	1	1
Prepayments												1 780
Prepayments Accrued Income								309 693
Profit Loss					216 238	297 066
Property Plant Equipment Gross Cost					29 404	26 046	24 933	28 921	33 398	45 203	48 136	48 989	52 802
Provisions For Liabilities Balance Sheet Subtotal					1 158	735	775	1 112	1 035	2 196	1 275	300	852
Provisions For Liabilities Charges	1 390	619	1 460	2 040	1 158
Share Capital Allotted Called Up Paid	20 000	20 000	1 978	1 978	1 978
Tangible Fixed Assets Additions			7 791	7 638	1 050
Tangible Fixed Assets Cost Or Valuation	15 537	15 537	23 328	30 966	29 404
Tangible Fixed Assets Depreciation	8 586	12 445	16 026	20 765	23 616
Tangible Fixed Assets Depreciation Charged In Period		3 859	3 581	4 739	4 771
Tangible Fixed Assets Depreciation Decrease Increase On Disposals					1 920
Tangible Fixed Assets Disposals					2 612
Total Additions Including From Business Combinations Intangible Assets													55 000
Total Additions Including From Business Combinations Property Plant Equipment						2 114	2 740	5 863	4 477	14 052	2 933	853	3 813
Total Assets Less Current Liabilities	84 306	81 146	358 148	279 483	281 023	436 850	610 782	748 772	819 513	292 923	482 861	411 205	148 131
Trade Creditors Trade Payables						112 365	167 209	218 568	255 575	885 555	1 567	5 166	11 328
Trade Debtors Trade Receivables						61 832	78 178	39 233	289 008	200 119	99 788	46 749	82 974

Company staff

Anthony B.

Role: Director

Appointed: 28 August 2008

Latest update: 22 December 2023

Ian H.

Role: Director

Appointed: 01 July 2013

Resigned: 02 September 2018

Latest update: 22 December 2023

James P.

Role: Director

Appointed: 13 June 2012

Resigned: 11 October 2012

Latest update: 22 December 2023

David B.

Role: Director

Appointed: 05 August 2008

Resigned: 30 September 2023

Latest update: 22 December 2023

People with significant control

Anthony B. is the individual who controls this firm, owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Anthony B.

Notified on 5 August 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

David B.

Notified on 5 August 2016

Ceased on 30 September 2023

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	19 August 2024
Confirmation statement last made up date	05 August 2023

Annual Accounts 5 February 2015
Start Date For Period Covered By Report	01 January 2014
End Date For Period Covered By Report	31 December 2014
Date Approval Accounts	5 February 2015
Annual Accounts 8 February 2016
Start Date For Period Covered By Report	01 January 2015
End Date For Period Covered By Report	31 December 2015
Date Approval Accounts	8 February 2016
Annual Accounts
Start Date For Period Covered By Report	01 January 2016
End Date For Period Covered By Report	31 December 2016
Annual Accounts
Start Date For Period Covered By Report	01 January 2017
End Date For Period Covered By Report	31 December 2017
Annual Accounts
Start Date For Period Covered By Report	01 January 2018
End Date For Period Covered By Report	31 December 2018
Annual Accounts
Start Date For Period Covered By Report	01 January 2019
End Date For Period Covered By Report	31 December 2019
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2021
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	01 January 2022
End Date For Period Covered By Report	31 December 2022
Annual Accounts
Start Date For Period Covered By Report	01 January 2023
End Date For Period Covered By Report	31 December 2023
Annual Accounts 4 March 2013
End Date For Period Covered By Report	31 December 2012
Date Approval Accounts	4 March 2013
Annual Accounts 17 February 2014
End Date For Period Covered By Report	31 December 2013
Date Approval Accounts	17 February 2014

Year / Transaction date	Council / Department / Transaction ID	No. of trans.	Total trans. value
2015	Brighton & Hove City	1	£ 2 528.10
2015-02-11	PAY00737529		£ 2 528.10	Miscellaneous Expenses
2014	Brighton & Hove City	1	£ 1 659.96
2014-02-14	PAY00639812		£ 1 659.96	Miscellaneous Expenses
2013	Brighton & Hove City	1	£ 2 728.44
2013-03-06	PAY00549842		£ 2 728.44	Miscellaneous Expenses
2011	Brighton & Hove City	1	£ 2 376.03
2011-03-02	PAY00365162		£ 2 376.03	Miscellaneous Expenses

Year / Transaction date

Council / Department / Transaction ID

No. of trans.

Total trans. value

2015

Brighton & Hove City

£ 2 528.10

2015-02-11

PAY00737529

£ 2 528.10

Miscellaneous Expenses

2014

Brighton & Hove City

£ 1 659.96

2014-02-14

PAY00639812

£ 1 659.96

Miscellaneous Expenses

2013

Brighton & Hove City

£ 2 728.44

2013-03-06

PAY00549842

£ 2 728.44

Miscellaneous Expenses

2011

Brighton & Hove City

£ 2 376.03

2011-03-02

PAY00365162

£ 2 376.03

Miscellaneous Expenses

Magnet Insurance Services Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Anthony B.

Ian H.

James P.

David B.

People with significant control

Anthony B.

David B.

Accounts Documents

Company filings

Filing category

Additional Information

HQ address,
2012

Address:

Post code:

City / Town:

Company's financial transactions

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Magnet Insurance Services Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Anthony B.

Ian H.

James P.

David B.

People with significant control

Anthony B.

David B.

Accounts Documents

Company filings

Filing category

Additional Information

HQ address, 2012

Address:

Post code:

City / Town:

Company's financial transactions

Search other companies

Services (by SIC Code)

Company Age

Similar companies nearby

Closest companies

HQ address,
2012