MG ALUMINIUM SOLUTIONS LTD

Company Registration Number:
12416889 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

MG ALUMINIUM SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

MG ALUMINIUM SOLUTIONS LTD

Balance sheet

As at 31 January 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 22,079 29,668
Total fixed assets: 22,079 29,668
Current assets
Stocks: 212,027 173,792
Debtors:   725,180 467,898
Cash at bank and in hand: 1,159 28,359
Total current assets: 938,366 670,049
Creditors: amounts falling due within one year:   (944,721) (558,737)
Net current assets (liabilities): (6,355) 111,312
Total assets less current liabilities: 15,724 140,980
Creditors: amounts falling due after more than one year:   (65,833) (113,333)
Provision for liabilities: (4,471) (4,789)
Total net assets (liabilities): (54,580) 22,858
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (54,680) 22,758
Shareholders funds: (54,580) 22,858

The notes form part of these financial statements

MG ALUMINIUM SOLUTIONS LTD

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 August 2025
and signed on behalf of the board by:

Name: Mr Mark Anthony Greenfield
Status: Director

The notes form part of these financial statements

MG ALUMINIUM SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset Class: Depreciation method and rate: Plant and Machinery 25% straight line.

Other accounting policies

Tax The tax expense for the period comprises current and deferred tax. Tax is recognised in profit and loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is profitable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

MG ALUMINIUM SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 24 24

MG ALUMINIUM SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible Assets

Total
Cost £
At 01 February 2024 45,577
At 31 January 2025 45,577
Depreciation
At 01 February 2024 15,909
Charge for year 7,589
At 31 January 2025 23,498
Net book value
At 31 January 2025 22,079
At 31 January 2024 29,668