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Registered number: 08256261






Mag Construction Ltd


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2024
























Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2024





DIRECTORS
M Gregula


REGISTERED OFFICE
17 Cowley Crescent
Hersham
Walton-On-Thames
KT12 5RH


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08256261



ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THEYEARENDED31 OCTOBER 2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 October 2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	2		33,961		42,738

CURRENT ASSETS
Stock	3	60,000		40,000
Cash at bank and in hand		14,420		1,300
		74,420		41,300
CREDITORS: Amounts falling due within one year	4	163,318		98,898
NET CURRENT LIABILITIES			(88,898)		(57,598)
TOTAL ASSETS LESS CURRENT LIABILITIES			(54,937)		(14,860)


CREDITORS: Amounts falling due after more than one year	5		46,885		64,214

NET LIABILITIES			(101,822)		(79,074)

CAPITAL AND RESERVES

Called up share capital	7		100		100
Profit and loss account			(101,922)		(79,174)
SHAREHOLDERS' FUNDS			(101,822)		(79,074)

For the year ending 31 October 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 13 August 2025 and signed on their behalf by



.............................
M Gregula
Director


1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Going Concern
The company had net liabilities of £101,822 at the year end. However, included in Creditors was £116,931owed to the director. With the continued support of the director, the director believes the company to be a going concern.


1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1e. Turnover
Turnover is derived from construction services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.


1f. Statutory Information
MAG Construction Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 08256261 and registered office address is 17 Cowley Crescent, Hersham, Walton-On-Thames, England, KT12 5RH.


1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.


2. TANGIBLE FIXED ASSETS

	Plant and	Commercial
	Machinery	Vehicles	Total
	£	£	£
Cost
At 1 November 2023	4,669	50,242	54,911
Additions	908	-	908
At 31 October 2024	5,577	50,242	55,819
Depreciation
At 1 November 2023	1,363	10,810	12,173
For the year	918	8,767	9,685
At 31 October 2024	2,281	19,577	21,858
Net Book Amounts
At 31 October 2024	3,296	30,665	33,961
At 31 October 2023	3,306	39,432	42,738


3. STOCK	2024	2023
	£	£
Stock comprises:

Stock and Work In Progress	60,000	40,000
	60,000	40,000


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Taxation and social security	9,273	8,369
Salaries and wages control	10,953	3,838
Directors current account	116,931	61,515
Bank Loan	8,258	11,617
Hire purchase	14,178	4,594
Other creditors	2,700	8,000
Pension schemes	365	365
Accruals	660	600
	163,318	98,898


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Bank loans (unsecured) >1yr	32,961	33,105
Hire purchase >1yr	13,924	31,109
	46,885	64,214


6. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	3	4


7. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
60 Ordinary A shares of £1.00 each	60	60
40 Ordinary B shares of £1.00 each	40	40
	100	100