−£29k
vs May 2024Active08058040Private limited companyLeamington Spa
MAGIC LABS IT LTD
Significant control: Sivasankar Sakthivel (75–100%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does Magic Labs IT Ltd sell?
Registered activity: Other information technology service activities (SIC 62090). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
MAGIC LABS IT LTD is an active private limited company (company number 08058040) incorporated on 4 May 2012, registered in Leamington Spa. Its registered activity is other information technology service activities (SIC 62090). Latest abridged accounts cover the period ending 31 May 2025, showing net assets of −£29k and cash of £4,935, with 3 employees on average. As abridged accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 395% on the prior period (−£5,933).
Peer position · net assets
By net assets it sits in the bottom quarter of 485 comparable companies in Coventry (median £3,583, upper quartile £41k).
02
Ownership and control
- Mr Sivasankar Sakthivel
- owns 75–100% of shares
- holds 75–100% of voting rights
- holds 75–100% of voting rights
- can appoint or remove directors
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 4 May 201214 yrs ago
- Next accounts due
- 28 February 2027in 128 days
- Confirmation statement due
- 18 May 2027in 207 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 62090
- Other information technology service activities
- Accounts type
- Unaudited Abridged
- Size band
- MicroCompanies Act thresholds
05
Financials
£4,935
−61%vs May 2024Not disclosed
3
+200%vs May 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 May 2025 | −£29k | £4,935 | £2,213 | £699 | — | — | 3 |
| 31 May 2024 | −£5,933 | £13k | £34k | £11k | — | — | 1 |
Current ratio10.23Current assets ÷ creditors within one year
Cash per employee£1,645Cash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets below zeroNet assets £-29,385 at 31 May 2025
- Net assets down 25% or more on the prior period-395.3% vs prior period
- Current assets at least 1.5× creditors within one yearCurrent ratio 10.23
- Incorporated five or more years agoIncorporated 4 May 2012
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Confirmation statement duein 207 days
- Next accounts duein 128 days
- Accounts period endNet liabilities £29k · abridged accounts
- Accounts period endNet liabilities £5,933 · abridged accounts
- Incorporated
08
Similar companies in Coventry
- WHY IT SOLUTIONS LIMITEDCoventry · inc. May 2012
- M ROSE CONSULTANTS LIMITEDCoventry · inc. May 2012
- THINK CLOUD STUDIO LTDAtherstone · inc. Apr 2012
- 4 ROADS LIMITEDKenilworth · inc. May 2012
- BINARY LIFE LIMITEDCoventry · inc. May 2012
- WE ARE GROUP HOLDINGS LIMITEDCoventry · inc. Apr 2012
All companies incorporated on 4 May 2012 · in May 2012.
09
Reminders for MAGIC LABS IT LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.