Magway Limited in Manchester, M2 4WU

Description

Data updated on: 01-11-2023

This Magway Limited firm has been operating in this business for seven years, as it's been established in 2017. Started with registration number 11011754, Magway is a Private Limited Company with office in C/o Gateley Legal Ship Canal House, Manchester M2 4WU. The firm's Standard Industrial Classification Code is 30990 and their NACE code stands for Manufacture of other transport equipment n.e.c.. The company's latest accounts detail the period up to 2022-12-31 and the most recent annual confirmation statement was released on 2023-10-12.

As stated, the company was established in Friday 13th October 2017 and has been presided over by seven directors, and out this collection of individuals two (Phillip D. and Rupert C.) are still in the management.

Executives with significant control over the firm are: Rupert C. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Phillip D. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-10-31	2019-10-31	2020-10-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP

Balance Sheet
Cash Bank On Hand	39 945	36 694	718 804	450 184	561 189	798 947	344 026
Current Assets	66 973
Debtors	27 028	22 659	52 776	249 387	412 964	971 401	411 992
Net Assets Liabilities	129 146	130 714	804 116	697 812	989 726	1 647 219	639 373
Other Debtors	26 944	22 659	52 776	36 960	56 914	45 590	55 486
Property Plant Equipment	998	3 208	34 102	37 339	91 589	70 231	49 224

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	333	1 403	4 742	6 018	22 715	47 295	68 543
Additions Other Than Through Business Combinations Property Plant Equipment	1 331
Amounts Owed By Group Undertakings Participating Interests	84
Average Number Employees During Period	2	6	8	11	20	20	18
Bank Borrowings Overdrafts			46 068	44 483
Bank Overdrafts	30 000
Corporation Tax Recoverable				189 864	354 520	363 491	330 260
Creditors	77 441	70 463	46 068	44 483	255 994	374 217	365 927
Depreciation Rate Used For Property Plant Equipment					25	25	25
Disposals Intangible Assets				-2 300
Fixed Assets	139 614
Further Item Debtors Component Total Debtors			21 929	22 563	689		26 246
Future Minimum Lease Payments Under Non-cancellable Operating Leases		14 000	250 862	245 028	118 078	29 170	222 575
Increase From Depreciation Charge For Year Property Plant Equipment	333	1 070	3 339	1 276	16 697	24 580	21 248
Intangible Assets	138 616	138 616	156 630	154 330	179 978	180 857	200 058
Intangible Assets Gross Cost	138 616	138 616	156 630	154 330	179 978	180 857	200 058
Net Current Assets Liabilities	-10 468
Other Creditors	594	17 504	5 030	21 266	129 562	218 274	212 107
Other Taxation Payable		9 529	15 345	16 429	54 345	120 214	37 355
Property Plant Equipment Gross Cost	1 331	4 611	38 844	43 357	114 304	117 526	117 767
Remaining Financial Commitments			2 030	2 530	9 654		5 047
Taxation Social Security Payable	9 973
Total Additions Including From Business Combinations Intangible Assets	138 616		18 014		25 648	879	19 201
Total Additions Including From Business Combinations Property Plant Equipment		3 280	34 233	4 513	70 947	3 222	241
Trade Creditors Trade Payables	36 874	43 430	87 821	105 733	72 087	35 729	116 465
Trade Debtors Trade Receivables					841	562 320