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REGISTERED NUMBER: 13246313 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2025

for

MG Installs Ltd

MG Installs Ltd (Registered number: 13246313)






Contents of the Financial Statements
for the Year Ended 5 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MG Installs Ltd

Company Information
for the Year Ended 5 April 2025







DIRECTORS: M Guest
J Hiscox





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





REGISTERED NUMBER: 13246313 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

MG Installs Ltd (Registered number: 13246313)

Balance Sheet
5 April 2025

5.4.25 5.4.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,004 1,155

CURRENT ASSETS
Debtors 5 17,267 16,293
Cash at bank 14,352 26,368
31,619 42,661
CREDITORS
Amounts falling due within one year 6 7,890 9,704
NET CURRENT ASSETS 23,729 32,957
TOTAL ASSETS LESS CURRENT LIABILITIES 27,733 34,112

CREDITORS
Amounts falling due after more than one year 7 - 166
NET ASSETS 27,733 33,946

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 27,633 33,846
SHAREHOLDERS' FUNDS 27,733 33,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





M Guest - Director


MG Installs Ltd (Registered number: 13246313)

Notes to the Financial Statements
for the Year Ended 5 April 2025

1. STATUTORY INFORMATION

MG Installs 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2024 - 2 ) .

MG Installs Ltd (Registered number: 13246313)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2024 1,215 - 833 2,048
Additions 353 3,500 595 4,448
At 5 April 2025 1,568 3,500 1,428 6,496
DEPRECIATION
At 6 April 2024 477 - 416 893
Charge for year 218 875 506 1,599
At 5 April 2025 695 875 922 2,492
NET BOOK VALUE
At 5 April 2025 873 2,625 506 4,004
At 5 April 2024 738 - 417 1,155

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.25 5.4.24
£    £   
Other debtors 16,939 16,055
VAT 328 238
17,267 16,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.25 5.4.24
£    £   
Hire purchase contracts 167 500
Tax 6,305 6,044
Directors' current accounts 834 2,595
Accrued expenses 584 565
7,890 9,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.25 5.4.24
£    £   
Hire purchase contracts - 166

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.25 5.4.24
value: £    £   
100 Ordinary £1 100 100

MG Installs Ltd (Registered number: 13246313)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

9. RESERVES
Retained
earnings
£   

At 6 April 2024 33,846
Profit for the year 31,487
Dividends (37,700 )
At 5 April 2025 27,633

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Guest.