Magnetic Systems Limited in South Yorkshire, S2 4QR

Description

Data updated on: 01-11-2023

Magnetic Systems is a firm with it's headquarters at S2 4QR South Yorkshire at 5 John Street. This firm was formed in 1994 and is established under the registration number 02923277. This firm has been present on the English market for thirty years now and company current state is active. This firm's SIC and NACE codes are 25620 meaning Machining. Its latest financial reports cover the period up to 2023-04-30 and the latest annual confirmation statement was submitted on 2023-05-14.

The data obtained that details this particular enterprise's MDs suggests the existence of three directors: Steven S., Kenneth C. and Peter B. who became the part of the company on 12th August 2010, 27th April 1994. In addition, the managing director's responsibilities are aided with by a secretary - Kenneth C., who was appointed by this firm on 30th April 2001.

Peter B. is the individual with significant control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30	2024-04-30
Currency

Balance Sheet
Cash Bank On Hand	554 433	612 494	678 123	683 582	779 037	1 022 171	1 134 941
Current Assets	817 478	829 356	880 778	939 063	1 090 511	1 367 574	1 463 656
Debtors	242 386	194 494	182 389	202 657	265 809	308 772	291 144
Net Assets Liabilities	804 895	912 184	940 158	948 792	1 026 375	1 269 943	1 378 873
Other Debtors	3 051	3 884	3 738	3 872	17 243	19 247	6 519
Property Plant Equipment	139 432	230 323	195 324	166 137	159 809	135 555	114 926
Total Inventories	20 659	22 368	20 266	52 824	45 665	36 631	37 571

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets		10 000	10 000	10 000	10 000	10 000	10 000
Accumulated Depreciation Impairment Property Plant Equipment	279 891	317 008	352 007	381 739	408 503	432 761	453 388
Amortisation Rate Used For Intangible Assets		10	10	10	10	10	10
Average Number Employees During Period	7	8	7	7	7	8	8
Bank Borrowings Overdrafts							1 826
Corporation Tax Payable					25 730	92 312	70 013
Creditors	126 752	104 851	98 833	125 735	194 362	200 179	171 712
Depreciation Rate Used For Property Plant Equipment		15	15	15	15	15	15
Fixed Assets	139 432	230 323	195 324	166 137	159 809	135 555	114 926
Increase From Depreciation Charge For Year Property Plant Equipment		37 116	34 998	29 732	26 765	24 256	20 627
Intangible Assets Gross Cost	10 000	10 000	10 000	10 000	10 000	10 000	10 000
Net Current Assets Liabilities	690 726	724 505	781 945	813 328	896 149	1 167 395	1 291 944
Other Creditors					5 416	6 218	4 213
Other Taxation Social Security Payable					65 855	65 765	58 262
Property Plant Equipment Gross Cost	419 323	547 330	547 330	547 876	568 313	568 314	568 314
Provisions For Liabilities Balance Sheet Subtotal	25 263	42 644	37 111	30 673	29 583	33 007	27 997
Total Additions Including From Business Combinations Property Plant Equipment				546	20 437
Total Assets Less Current Liabilities	830 158	954 828	977 269	979 465	1 055 958	1 302 950	1 406 870
Trade Creditors Trade Payables					97 361	35 884	37 398
Trade Debtors Trade Receivables	239 335	190 610	178 651	198 785	248 566	289 525	284 625
Advances Credits Directors
Advances Credits Made In Period Directors	20 000

Company staff

Steven S.

Role: Director

Appointed: 12 August 2010

Latest update: 4 October 2024

Kenneth C.

Role: Secretary

Appointed: 30 April 2001

Latest update: 4 October 2024

Kenneth C.

Role: Director

Appointed: 27 April 1994

Latest update: 4 October 2024

Peter B.

Role: Director

Appointed: 27 April 1994

Latest update: 4 October 2024

People with significant control

Peter B.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	31 January 2025
Account last made up date	30 April 2023
Confirmation statement next due date	28 May 2024
Confirmation statement last made up date	14 May 2023

Annual Accounts
Start Date For Period Covered By Report	2018-05-01
End Date For Period Covered By Report	30/04/2019
Annual Accounts
Start Date For Period Covered By Report	2019-05-01
End Date For Period Covered By Report	30/04/2020
Annual Accounts
Start Date For Period Covered By Report	2020-05-01
End Date For Period Covered By Report	30/04/2021
Annual Accounts
Start Date For Period Covered By Report	2021-05-01
End Date For Period Covered By Report	30/04/2022
Annual Accounts
Start Date For Period Covered By Report	2022-05-01
End Date For Period Covered By Report	30/04/2023
Annual Accounts
Start Date For Period Covered By Report	01/05/2023
End Date For Period Covered By Report	30/04/2024

Magnetic Systems Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Steven S.

Kenneth C.

Kenneth C.

Peter B.

Tracy C.

People with significant control

Peter B.

Accounts Documents

Company filings

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