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REGISTERED NUMBER: 12437701 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

MGR Electrical Services Ltd

MGR Electrical Services Ltd (Registered number: 12437701)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


MGR Electrical Services Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M G Robinson





REGISTERED OFFICE: 1 Wynard Road
Wolviston
Billingham
Cleveland
TS22 5LQ





REGISTERED NUMBER: 12437701 (England and Wales)





ACCOUNTANTS: Chrichard & Co
23 Woodland Road
Darlington
Co. Durham
DL3 7BJ

MGR Electrical Services Ltd (Registered number: 12437701)

Abridged Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,176 9,553

CURRENT ASSETS
Debtors 25,080 18,763
Cash at bank 5,014 754
30,094 19,517
CREDITORS
Amounts falling due within one year 17,126 8,236
NET CURRENT ASSETS 12,968 11,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,144

20,834

CREDITORS
Amounts falling due after more than one
year

18,333

18,667
NET ASSETS 2,811 2,167

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 2,711 2,067
SHAREHOLDERS' FUNDS 2,811 2,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MGR Electrical Services Ltd (Registered number: 12437701)

Abridged Statement of Financial Position - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





M G Robinson - Director


MGR Electrical Services Ltd (Registered number: 12437701)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

MGR Electrical Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MGR Electrical Services Ltd (Registered number: 12437701)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 17,121
Additions 1,473
At 28 February 2023 18,594
DEPRECIATION
At 1 March 2022 7,568
Charge for year 2,850
At 28 February 2023 10,418
NET BOOK VALUE
At 28 February 2023 8,176
At 28 February 2022 9,553

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100