Cholesteric liquid crystals, subject to externally applied magnetic fields and confined between two parallel planar surfaces with strong homeotropic anchoring conditions, are found to undergo transitions to different types of helicoidal configurations with disclinations. Analytical and numerical studies are performed in order to characterize their properties. In particular, we produce a phase diagram for the transitions from the nematic state to the helicoidal phases in terms of the molecular chirality and the strength of the applied magnetic field.