REGISTERED NUMBER: 12458802 (England and Wales)

MGR Traditional Metal Roofing Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M G Roach

SECRETARY:

REGISTERED OFFICE:

105 Hewett Road

Portsmouth

Hampshire

PO2 0QT

REGISTERED NUMBER:

12458802 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

FIXED ASSETS

Tangible assets

4

4,471

5,304

CURRENT ASSETS

Debtors

5

14,277

32,417

Cash at bank

979

12,410

15,256

44,827

CREDITORS

Amounts falling due within one year

6

30,156

29,019

NET CURRENT (LIABILITIES)/ASSETS

(14,900

)

15,808

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,429

)

21,112

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(10,430

)

21,111

SHAREHOLDERS' FUNDS

(10,429

)

21,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 director and authorised for issue on 24 September 2025 and were signed by:

M G Roach - Director

1.	STATUTORY INFORMATION

MGR Traditional Metal Roofing 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.

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

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 March 2024

9,945

417

10,362

Additions

-

870

870

At 28 February 2025

9,945

1,287

11,232

DEPRECIATION

At 1 March 2024

4,761

297

5,058

Charge for year

1,296

407

1,703

At 28 February 2025

6,057

704

6,761

NET BOOK VALUE

At 28 February 2025

3,888

583

4,471

At 29 February 2024

5,184

120

5,304

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,614

2,834

Taxation recoverable

7,337

26,218

VAT

1,326

3,365

14,277

32,417

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

702

2,102

Trade creditors

1

1

Taxation

27,440

24,334

Social security and other taxes

439

1,151

Directors' current accounts

182

39

Accrued expenses

1,392

1,392

30,156

29,019