Magnitude Biosciences Limited in Sedgefield, TS21 3FD

Description

Data updated on: 01-11-2023

Magnitude Biosciences began its operations in 2018 as a Private Limited Company under the following Company Registration No.: 11579884. The company has been operating for 6 years and the present status is active. The company's office is registered in Sedgefield at Netpark Plexus. Anyone can also find the company utilizing the area code of TS21 3FD. This enterprise's Standard Industrial Classification Code is 72110 which stands for Research and experimental development on biotechnology. The business most recent financial reports cover the period up to February 28, 2023 and the most current annual confirmation statement was submitted on September 19, 2023.

In the following business, all of director's tasks up till now have been executed by Fozia S., Sally W., Christopher S. and David W.. As for these four managers, Christopher S. has carried on with the business for the longest time, having become one of the many members of the Management Board on 2018.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-02-29	2021-02-28	2022-02-28	2023-02-28
Currency

Balance Sheet
Cash Bank On Hand			81 720	93 738
Current Assets	163 396	206 231	151 087	255 415
Debtors			76 663	161 677
Net Assets Liabilities		259 085	184 305	246 529
Other Debtors			12 550	25 493
Property Plant Equipment			45 200	47 687

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets				1 513
Accumulated Depreciation Impairment Property Plant Equipment			29 421	49 324
Additions Other Than Through Business Combinations Property Plant Equipment				23 021
Average Number Employees During Period	6	9	12	14
Bank Borrowings Overdrafts			4 162	2 350
Corporation Tax Recoverable			62 624	54 660
Creditors	23 572	5 379	4 162	2 350
Fixed Assets	7 950	55 384	51 374	49 331
Future Minimum Lease Payments Under Non-cancellable Operating Leases				4 663
Increase From Amortisation Charge For Year Intangible Assets				4 530
Increase From Depreciation Charge For Year Property Plant Equipment				20 205
Intangible Assets			6 174	1 644
Intangible Assets Gross Cost			6 174	3 157
Net Current Assets Liabilities	140 923	203 701	143 744	199 548
Number Equity Instruments Exercisable Share-based Payment Arrangement				4 496
Number Equity Instruments Granted Share-based Payment Arrangement				53 264
Number Equity Instruments Outstanding Share-based Payment Arrangement				53 264
Other Creditors			12 146	33 124
Other Disposals Decrease In Amortisation Impairment Intangible Assets				3 017
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				302
Other Disposals Intangible Assets				3 017
Other Disposals Property Plant Equipment				631
Other Taxation Social Security Payable			8 246	8 677
Property Plant Equipment Gross Cost			74 621	97 011
Total Assets Less Current Liabilities	148 873	259 085	195 118	248 879
Trade Creditors Trade Payables			898	13 166
Trade Debtors Trade Receivables			1 489	81 524
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement				4
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement				4
Accrued Liabilities Not Expressed Within Creditors Subtotal			6 651
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal	1 099	2 849	7 296

Company staff

Fozia S.

Role: Director

Appointed: 03 October 2022

Latest update: 18 March 2024

Sally W.

Role: Director

Appointed: 14 February 2022

Latest update: 18 March 2024