Welton turned in a stunning performance though and two penalties by Scott Coupland and a wonderful goal by Olly Furness meant that the Socialites deservedly booked their place in the Semi Finals against Tap and Spile.
And Taylor was delighted with his players' application.
"We treated this game with great respect, We knew Magnet were a great side, it is a fantastic tournament and we felt the players did us and themselves proud," he said.
"I thought Matt O Halloran helped us up the tempo of the game as we wanted to and we dealt with any forays they had going forward, we were extremely professional in that respect and we did not give them a look in until late in the second half despite them throwing everything at us throughout the second half.
"The pitch was a bit wobbly at times and our delivery into the box was not as good as we would have wanted but that is understandable.
"The players handled it very well, their were a lot of people watching because they thought we might be in trouble but we dealt with that. We weren’t complacent when we went 2 up and we defended for our lives.
“We’re reasonably happy with the Semi Final draw simply because we have been drawn at home, Some people would say avoiding seven Seas is a good thing but Tap and Spile have already beaten FSC Victory so it will be another massive test for us but it is one we are certainly looking forward to.”
The Scot is now turning his attentions to this Sundays massive Ron Eaglen Cup tie at Ivy Tavern.
"For the first part of this week we can be proud of our win over Magnet Tavern but then we have to apply ourselves in the same way as we did this Weekend for Ivy in the Ron Eaglen."