REGISTERED NUMBER: 11723337 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MGR Fire Safety Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Ryan

J B Ryan

C R Ryan

Z J Lawson

REGISTERED OFFICE:

11 Tea Rose Crescent

Rearsby

Leicester

Leicestershire

LE7 4ZG

REGISTERED NUMBER:

11723337 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

98,976

48,136

CURRENT ASSETS

Stocks

7,500

-

Debtors

5

169,908

119,795

Cash at bank

85,307

50,635

262,715

170,430

CREDITORS

Amounts falling due within one year

6

(181,360

)

(99,232

)

NET CURRENT ASSETS

81,355

71,198

TOTAL ASSETS LESS CURRENT LIABILITIES

180,331

119,334

CREDITORS

Amounts falling due after more than one year

7

(31,044

)

(16,818

)

PROVISIONS FOR LIABILITIES

(948

)

-

NET ASSETS

148,339

102,516

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

148,329

102,506

SHAREHOLDERS' FUNDS

148,339

102,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

M G Ryan - Director

1.	STATUTORY INFORMATION

MGR Fire Safety Consultants Limited 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

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

13,752

5,142

73,180

92,074

Additions

395

175

91,390

91,960

Disposals

-

-

(62,410

)

(62,410

)

At 31 December 2024

14,147

5,317

102,160

121,624

DEPRECIATION

At 1 January 2024

7,425

2,509

34,004

43,938

Charge for year

1,578

551

4,932

7,061

Eliminated on disposal

-

-

(28,351

)

(28,351

)

At 31 December 2024

9,003

3,060

10,585

22,648

NET BOOK VALUE

At 31 December 2024

5,144

2,257

91,575

98,976

At 31 December 2023

6,327

2,633

39,176

48,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

149,168

117,738

Other debtors

20,740

2,057

169,908

119,795

Other debtors includes prepayments and accrued income of £20,740 (2023: £2,057).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

4,579

4,360

Hire purchase contracts

14,849

13,900

Trade creditors

82,095

622

Taxation and social security

72,837

64,591

Other creditors

7,000

15,759

181,360

99,232

Other creditors includes accruals and deferred income of £1,250 (2023: £1,449).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

2,289

6,368

Hire purchase contracts

28,755

10,450

31,044

16,818

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

43,604

-

Hire purchase creditors are secured against the assets being so acquired.

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £56,373 (2023: £8,500).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

M G Ryan and J B Ryan

Balance outstanding at start of year

-

-

Amounts advanced

53,930

-

Amounts repaid

(53,930

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan was subject to HMRC's advisory rate of interest and was repayable on demand.