Founded in 1957, Magnetic Shields, classified under reg no. 00581158 is an active company. Currently registered at Magnetic Shields TN12 0DS, Staplehurst the company has been in the business for sixty seven years. Its financial year was closed on Sunday 30th June and its latest financial statement was filed on Thu, 30th Jun 2022.
At present there are 4 directors in the the firm, namely Bartel V., David W. and Nick M. and others. In addition one secretary - David W. - is with the company. At present there are a few former directors listed by the firm. Similarly, the firm lists a few former secretaries. The full list of both former directors and former secretaries might be found in the table below.
| Office Address | Magnetic Shields |
| Office Address2 | Headcorn Road |
| Town | Staplehurst |
| Post code | TN12 0DS |
| Country of origin | United Kingdom |
| Registration Number | 00581158 |
| Date of Incorporation | Fri, 29th Mar 1957 |
| Industry | Other non-ferrous metal production |
| End of financial Year | 30th June |
| Company age | 67 years old |
| Account next due date | Sun, 31st Mar 2024 (36 days after) |
| Account last made up date | Thu, 30th Jun 2022 |
| Next confirmation statement due date | Wed, 22nd May 2024 (2024-05-22) |
| Last confirmation statement dated | Mon, 8th May 2023 |
Position: Director
Appointed: 01 July 2022
Position: Secretary
Appointed: 24 April 2013
Position: Director
Appointed: 09 July 2012
Position: Director
Appointed: 01 January 2012
Position: Director
Appointed: 03 September 2002
The list of persons with significant control that own or control the company is made up of 1 name. As BizStats established, there is Colsur Materials Ltd from Tonbridge, England. The abovementioned PSC is classified as "a private limited company" and has 75,01-100% shares. The abovementioned PSC and has 75,01-100% shares.
Colsur Materials Ltd
Magnetic Shields Ltd Headcorn Road, Staplehurst, Tonbridge, TN12 0DS, England
| Legal authority | Uk Companies Act 2006 |
| Legal form | Private Limited Company |
| Country registered | England And Wales |
| Place registered | England And Wales |
| Registration number | 03305650 |
| Notified on | 30 June 2016 |
| Nature of control: |
75,01-100% shares |
| Profit & Loss | |||
|---|---|---|---|
| Accounts Information Date | 2021-06-30 | 2022-06-30 | 2023-06-30 |
| Balance Sheet | |||
| Cash Bank On Hand | 1 524 106 | 1 262 215 | 1 106 681 |
| Current Assets | 5 778 921 | 5 947 286 | 7 263 089 |
| Debtors | 2 034 378 | 2 856 586 | 2 668 477 |
| Net Assets Liabilities | 4 022 081 | 4 308 681 | 4 522 801 |
| Other Debtors | 8 616 | 61 496 | 161 752 |
| Total Inventories | 2 220 437 | 1 828 485 | 3 487 931 |
| Property Plant Equipment | 3 237 580 | 4 716 066 | |
| Other | |||
| Director Remuneration | 186 878 | 176 101 | |
| Accrued Liabilities Deferred Income | 317 182 | 288 017 | 345 873 |
| Accumulated Amortisation Impairment Intangible Assets | 30 341 | 34 920 | 22 127 |
| Accumulated Depreciation Impairment Property Plant Equipment | 4 347 438 | 5 317 072 | 100 813 |
| Administrative Expenses | 2 906 103 | 3 749 177 | 4 332 200 |
| Amortisation Expense Intangible Assets | 3 835 | 4 579 | 6 236 |
| Amounts Owed By Associates | 150 005 | 150 005 | 150 005 |
| Amounts Owed By Group Undertakings | 765 601 | 509 253 | 263 215 |
| Applicable Tax Rate | 19 | 19 | 19 |
| Average Number Employees During Period | 69 | 82 | 91 |
| Bank Borrowings | 902 089 | 1 157 333 | 2 324 315 |
| Bank Borrowings Overdrafts | 714 216 | 480 754 | 322 667 |
| Cash Cash Equivalents Cash Flow Value | 1 524 106 | 1 262 215 | |
| Cash Receipts From Government Grants | -414 328 | -245 737 | -289 993 |
| Comprehensive Income Expense | 263 204 | 286 600 | 214 120 |
| Corporation Tax Recoverable | 174 876 | 361 676 | 76 776 |
| Cost Sales | 5 709 301 | 6 995 763 | 6 460 395 |
| Creditors | 1 340 280 | 1 644 013 | 2 754 332 |
| Depreciation Amortisation Expense | 730 515 | 987 893 | 1 021 519 |
| Depreciation Expense Property Plant Equipment | 251 695 | 459 984 | 491 953 |
| Disposals Decrease In Depreciation Impairment Property Plant Equipment | 13 680 | 5 820 | |
| Disposals Property Plant Equipment | 13 680 | 5 820 | |
| Finance Lease Liabilities Present Value Total | 403 251 | 450 466 | 752 174 |
| Fixed Assets | 3 268 740 | 4 750 084 | 4 906 775 |
| Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities | -635 002 | -255 244 | -1 166 982 |
| Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities | 414 328 | 245 737 | 289 993 |
| Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax | 54 700 | ||
| Further Item Interest Expense Component Total Interest Expense | 27 182 | 32 742 | 36 172 |
| Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total | -70 000 | ||
| Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | 723 804 | 367 782 | 474 306 |
| Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | -86 599 | -635 417 | -96 791 |
| Gain Loss On Disposal Assets Income Statement Subtotal | 13 650 | 3 000 | |
| Gain Loss On Disposals Other Non-current Assets | 69 999 | ||
| Gain Loss On Disposals Property Plant Equipment | 13 650 | 3 000 | |
| Gross Profit Loss | 2 632 063 | 3 809 811 | 4 333 231 |
| Income Tax Expense Credit On Components Other Comprehensive Income | 10 393 | ||
| Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | 443 574 | -261 891 | -155 534 |
| Increase Decrease In Current Tax From Adjustment For Prior Periods | 55 200 | 209 | |
| Increase Decrease In Stocks Inventories Finished Goods Work In Progress | -138 178 | -391 952 | 1 659 446 |
| Increase From Amortisation Charge For Year Intangible Assets | 4 579 | 6 236 | |
| Increase From Depreciation Charge For Year Property Plant Equipment | 983 314 | 53 470 | |
| Intangible Assets | 30 139 | 32 997 | 43 331 |
| Intangible Assets Gross Cost | 60 480 | 67 917 | 62 360 |
| Interest Expense On Bank Overdrafts | 16 794 | 25 413 | 119 332 |
| Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts | 27 182 | 32 742 | 36 172 |
| Interest Paid Classified As Operating Activities | -16 794 | -25 413 | -119 332 |
| Interest Payable Similar Charges Finance Costs | 43 976 | 58 155 | 155 504 |
| Investments Fixed Assets | 1 021 | 1 021 | 1 020 |
| Investments In Group Undertakings | 1 021 | 1 021 | 1 020 |
| Merchandise | 1 115 686 | 1 076 665 | 1 706 580 |
| Net Assets Liabilities Subsidiaries | -1 400 | -1 400 | -1 400 |
| Net Cash Flows From Used In Financing Activities | -998 276 | -839 654 | -716 516 |
| Net Cash Flows From Used In Investing Activities | 2 144 362 | 2 466 237 | 753 833 |
| Net Cash Flows From Used In Operating Activities | -1 589 660 | -1 364 692 | 118 217 |
| Net Cash Generated From Operations | -1 219 308 | -1 177 110 | 252 706 |
| Net Current Assets Liabilities | 2 180 176 | 1 444 847 | 2 680 147 |
| Net Interest Received Paid Classified As Investing Activities | -687 | ||
| Number Shares Issued Fully Paid | 2 286 | 2 286 | |
| Operating Profit Loss | 141 388 | 313 637 | 297 699 |
| Other Comprehensive Income Expense Net Tax | 44 307 | ||
| Other Creditors | 3 784 | 9 029 | 9 109 |
| Other Deferred Tax Expense Credit | -55 491 | 199 989 | 67 552 |
| Other Interest Receivable Similar Income Finance Income | 687 | ||
| Other Operating Income Format1 | 415 428 | 253 003 | 296 668 |
| Other Taxation Social Security Payable | 53 769 | 73 348 | 74 515 |
| Par Value Share | 1 | 1 | |
| Payments Finance Lease Liabilities Classified As Financing Activities | 363 274 | 584 410 | -450 466 |
| Pension Other Post-employment Benefit Costs Other Pension Costs | 140 130 | 124 918 | 123 385 |
| Percentage Class Share Held In Subsidiary | 51 | 51 | |
| Prepayments Accrued Income | 124 140 | 61 386 | 103 563 |
| Proceeds From Sales Investment Properties | -353 691 | ||
| Proceeds From Sales Property Plant Equipment | -13 650 | -3 000 | |
| Profit Loss | 263 204 | 242 293 | 214 120 |
| Profit Loss On Ordinary Activities Before Tax | 97 412 | 255 482 | 212 881 |
| Profit Loss Subsidiaries | -12 221 | 17 649 | 2 089 |
| Property Plant Equipment Gross Cost | 7 585 018 | 10 033 138 | 365 377 |
| Provisions | 42 248 | 242 237 | 309 789 |
| Provisions For Liabilities Balance Sheet Subtotal | 42 248 | 242 237 | 309 789 |
| Purchase Intangible Assets | -9 583 | -7 437 | -16 570 |
| Purchase Property Plant Equipment | -2 148 428 | -2 461 800 | -1 161 641 |
| Social Security Costs | 213 949 | 264 055 | 298 119 |
| Staff Costs Employee Benefits Expense | 2 572 827 | 3 162 431 | 3 406 750 |
| Tax Decrease From Utilisation Tax Losses | -211 977 | -317 505 | -3 217 |
| Tax Decrease Increase From Effect Revenue Exempt From Taxation | 171 | 13 471 | |
| Tax Expense Credit Applicable Tax Rate | 18 508 | 48 542 | 40 447 |
| Tax Increase Decrease From Effect Capital Allowances Depreciation | -132 745 | -260 644 | -30 391 |
| Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 225 | 979 | 198 |
| Tax Tax Credit On Profit Or Loss On Ordinary Activities | -165 792 | 13 189 | -1 239 |
| Total Additions Including From Business Combinations Intangible Assets | 7 437 | 16 570 | |
| Total Additions Including From Business Combinations Property Plant Equipment | 2 461 800 | 40 729 | |
| Total Assets Less Current Liabilities | 5 448 916 | 6 194 931 | 7 586 922 |
| Total Borrowings | 1 930 894 | 2 770 548 | 3 487 064 |
| Total Current Tax Expense Credit | -110 301 | -186 800 | -68 791 |
| Trade Creditors Trade Payables | 1 003 452 | 817 740 | 1 042 798 |
| Trade Debtors Trade Receivables | 570 480 | 1 343 028 | 1 605 320 |
| Turnover Revenue | 8 341 364 | 10 805 574 | 10 793 626 |
| Wages Salaries | 2 218 748 | 2 773 458 | 2 985 246 |
| Work In Progress | 1 104 751 | 751 820 | 1 781 351 |
| Increase Decrease In Property Plant Equipment | 1 080 060 | ||
| Retirement Benefit Obligations Surplus | 44 307 | ||
| Type | Category | Free download | |
|---|---|---|---|
| AA |
Full accounts for the period ending Fri, 30th Jun 2023 filed on: 20th, February 2024 |
accounts | Free Download (31 pages) |
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