MRG Agriplant Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12213707

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		142,069		147,427

			142,069		147,427
CURRENT ASSETS
Debtors	5	-		216
Cash at bank and in hand		773		700

		773		916
Creditors: Amounts Falling Due Within One Year	6	(77,227 )		(80,588 )

NET CURRENT ASSETS (LIABILITIES)			(76,454 )		(79,672 )

TOTAL ASSETS LESS CURRENT LIABILITIES			65,615		67,755

Creditors: Amounts Falling Due After More Than One Year	7		(32,649 )		(24,859 )

NET ASSETS			32,966		42,896

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			32,866		42,796

SHAREHOLDERS' FUNDS			32,966		42,896

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MRG Agriplant Limited

Balance Sheet (continued)

As At 30 September 2024

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Grainger

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MRG Agriplant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12213707 . The registered office is Cragg View Barn, Lees Moor, Keighley, West Yorkshire, BD21 5QF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Reducing balance
Plant & Machinery	10% Reducing balance
Motor Vehicles	15% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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MRG Agriplant Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 October 2023	17,649	113,702	41,192	172,543
Additions	-	20,753	-	20,753
Disposals	-	(25,000 )	-	(25,000 )

As at 30 September 2024	17,649	109,455	41,192	168,296

Depreciation
As at 1 October 2023	-	25,116	-	25,116
Provided during the period	-	9,933	6,178	16,111
Disposals	-	(15,000 )	-	(15,000 )

As at 30 September 2024	-	20,049	6,178	26,227

Net Book Value
As at 30 September 2024	17,649	89,406	35,014	142,069

As at 1 October 2023	17,649	88,586	41,192	147,427

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	216

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	4,800	6,215
Trade creditors	-	3,653
Bank loans and overdrafts	2,589	-
VAT	9,574	664
Accruals and deferred income	2,500	10,663
Director's loan account	57,764	59,393

	77,227	80,588

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MRG Agriplant Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	21,572	24,859
Bank loans	11,077	-

	32,649	24,859

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,800	6,215
Later than one year and not later than five years	21,572	24,859

	26,372	31,074

	26,372	31,074

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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