Magical Bytes Ltd
10056198
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/03/2016
DIRECTOR
BRITISH · UNITED KINGDOM · Age 47
Also on 3 other boards
Persons with Significant Control
Mr Andrew Khalid Nagi
British · United Kingdom · Age 47
19, West View, Letchworth Garden City, SG6 3QN
Notified 09/03/2017
CompanyRankvs 89466+ SIC 62020 peers35
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2026
Net Worth
-£3k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£3k
Working capital
Current Assets
£529
Current Liabilities
£4k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2026 | 0.13 | -£2k |
| 2025 | 0.40 | -£4k |
| 2024 | 1.19 | -£9k |
| 2023 | 0.11 | — |
| 2022 | 0.97 | — |
| 2021 | 3.16 | +£15k |
| 2020 | 1.24 | +£12k |
| 2019 | -2.61 | — |
Derived from filed accounts. Not audited figures.