Silverfin false 31/03/2023 18/01/2022 31/03/2023 Mr M Gribble 18/01/2022 29 September 2023 The principal activity of the company during the financial year was that of management consultancy activities. 13855441 2023-03-31 13855441 bus:Director1 2023-03-31 13855441 core:CurrentFinancialInstruments 2023-03-31 13855441 core:Non-currentFinancialInstruments 2023-03-31 13855441 core:ShareCapital 2023-03-31 13855441 core:RetainedEarningsAccumulatedLosses 2023-03-31 13855441 core:Vehicles 2022-01-17 13855441 core:OfficeEquipment 2022-01-17 13855441 2022-01-17 13855441 core:Vehicles 2023-03-31 13855441 core:OfficeEquipment 2023-03-31 13855441 core:CostValuation 2022-01-17 13855441 core:AdditionsToInvestments 2023-03-31 13855441 core:CostValuation 2023-03-31 13855441 core:ProvisionsForImpairmentInvestments 2022-01-17 13855441 core:ProvisionsForImpairmentInvestments 2023-03-31 13855441 bus:OrdinaryShareClass1 2023-03-31 13855441 bus:OrdinaryShareClass2 2023-03-31 13855441 2022-01-18 2023-03-31 13855441 bus:FullAccounts 2022-01-18 2023-03-31 13855441 bus:SmallEntities 2022-01-18 2023-03-31 13855441 bus:AuditExemptWithAccountantsReport 2022-01-18 2023-03-31 13855441 bus:PrivateLimitedCompanyLtd 2022-01-18 2023-03-31 13855441 bus:Director1 2022-01-18 2023-03-31 13855441 core:Vehicles 2022-01-18 2023-03-31 13855441 core:OfficeEquipment core:TopRangeValue 2022-01-18 2023-03-31 13855441 core:OfficeEquipment 2022-01-18 2023-03-31 13855441 core:Non-currentFinancialInstruments 2022-01-18 2023-03-31 13855441 bus:OrdinaryShareClass1 2022-01-18 2023-03-31 13855441 bus:OrdinaryShareClass2 2022-01-18 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13855441 (England and Wales)

MRG BUSINESS SERVICES LTD

Unaudited Financial Statements
For the financial period from 18 January 2022 to 31 March 2023
Pages for filing with the registrar

MRG BUSINESS SERVICES LTD

Unaudited Financial Statements

For the financial period from 18 January 2022 to 31 March 2023

Contents

MRG BUSINESS SERVICES LTD

COMPANY INFORMATION

For the financial period from 18 January 2022 to 31 March 2023
MRG BUSINESS SERVICES LTD

COMPANY INFORMATION (continued)

For the financial period from 18 January 2022 to 31 March 2023
DIRECTOR Mr M Gribble
REGISTERED OFFICE Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 13855441 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
MRG BUSINESS SERVICES LTD

BALANCE SHEET

As at 31 March 2023
MRG BUSINESS SERVICES LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 31.03.2023
£
Fixed assets
Tangible assets 3 7,809
Investments 4 50
7,859
Current assets
Debtors 5 198
Cash at bank and in hand 975
1,173
Creditors: amounts falling due within one year 6 ( 3,573)
Net current liabilities (2,400)
Total assets less current liabilities 5,459
Creditors: amounts falling due after more than one year 7 ( 50)
Net assets 5,409
Capital and reserves
Called-up share capital 8 100
Profit and loss account 5,309
Total shareholders' funds 5,409

For the financial period ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of MRG Business Services Ltd (registered number: 13855441) were approved and authorised for issue by the Director on 29 September 2023. They were signed on its behalf by:

Mr M Gribble
Director
MRG BUSINESS SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 January 2022 to 31 March 2023
MRG BUSINESS SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 January 2022 to 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

MRG Business Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The principal place of business is:
170 Honiton Road
Exeter
EX1 3EP

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Vehicles 20 % reducing balance
Office equipment 4 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
18.01.2022 to
31.03.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 18 January 2022 0 0 0
Additions 10,000 175 10,175
At 31 March 2023 10,000 175 10,175
Accumulated depreciation
At 18 January 2022 0 0 0
Charge for the financial period 2,333 33 2,366
At 31 March 2023 2,333 33 2,366
Net book value
At 31 March 2023 7,667 142 7,809

4. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 18 January 2022 0 0
Additions 50 50
At 31 March 2023 50 50
Provisions for impairment
At 18 January 2022 0 0
At 31 March 2023 0 0
Carrying value at 31 March 2023 50 50

5. Debtors

31.03.2023
£
Trade debtors 198

6. Creditors: amounts falling due within one year

31.03.2023
£
Trade creditors 988
Amounts owed to director 146
Accruals 1,250
Corporation tax 828
Other taxation and social security 361
3,573

7. Creditors: amounts falling due after more than one year

31.03.2023
£
Amounts owed to associates 50

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

31.03.2023
£
Allotted, called-up and fully-paid
5 Ordinary B shares of £ 1.00 each 5
95 Ordinary A shares of £ 1.00 each 95
100

The shares were issued at par on incorporation of the company.

Ordinary A and Ordinary B shareholders are entitled to one vote per each share held in any circumstances, are entitled to dividend payments and any other distribution and are entitled to participate in a distribution arising from a winding up of the company.