Ip Magic Ltd
12908800
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Miss Ghazala Jabeen
British · United Kingdom · Age 63
20-22, Wenlock Road, London, N1 7GU
Notified 28/09/2020
CompanyRankvs 102515+ SIC 62020 peers20
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the
Key FinancialsYear ending 30/09/2025
Net Worth
£1
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£34k
Working capital
Current Assets
£3k
Current Liabilities
£36k
Fixed Assets
£3k
Debtors
£238
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.07 |
| 2024 | 0.08 |
| 2023 | 0.25 |
| 2022 | 0.23 |
Derived from filed accounts. Not audited figures.