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Company Registration No. 08212157 (England and Wales)
MRG PLUMBING & HEATING LIMITED Unaudited accounts for the year ended 30 September 2024
MRG PLUMBING & HEATING LIMITED Unaudited accounts Contents
Page
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MRG PLUMBING & HEATING LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,067 
19,904 
Current assets
Debtors
48,586 
41,525 
Cash at bank and in hand
49,978 
80,206 
98,564 
121,731 
Creditors: amounts falling due within one year
(34,543)
(38,125)
Net current assets
64,021 
83,606 
Total assets less current liabilities
107,088 
103,510 
Creditors: amounts falling due after more than one year
(18,364)
(26,667)
Net assets
88,724 
76,843 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
88,714 
76,833 
Shareholders' funds
88,724 
76,843 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 June 2025 and were signed on its behalf by
Michael Gibbs Director Company Registration No. 08212157
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MRG PLUMBING & HEATING LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MRG PLUMBING & HEATING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08212157. The registered office is 8 Spurfield, West Molesey, Surrey, KT8 1RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line on Cost
Motor vehicles
25% Straight Line on Cost
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
3,969 
83,147 
87,116 
Additions
- 
57,420 
57,420 
Disposals
- 
(58,550)
(58,550)
At 30 September 2024
3,969 
82,017 
85,986 
Depreciation
At 1 October 2023
3,968 
63,244 
67,212 
Charge for the year
- 
14,355 
14,355 
On disposals
- 
(38,648)
(38,648)
At 30 September 2024
3,968 
38,951 
42,919 
Net book value
At 30 September 2024
1 
43,066 
43,067 
At 30 September 2023
1 
19,903 
19,904 
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MRG PLUMBING & HEATING LIMITED Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,586 
41,165 
Accrued income and prepayments
- 
360 
48,586 
41,525 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(6,201)
(5,052)
Trade creditors
- 
4,367 
Taxes and social security
24,409 
14,095 
Other creditors
15,168 
11,914 
Accruals
1,167 
12,801 
34,543 
38,125 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,667 
26,667 
Obligations under finance leases and hire purchase contracts
(1,573)
- 
Other creditors
3,270 
- 
18,364 
26,667 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Pension commitments
Direct Pension Payments for M Gibbs and B Gibbs listed within the P&L as instructed
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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