MGG SCAFFOLDING LIMITED

MGG SCAFFOLDING LIMITED
Contents Page
For the year ended 31 July 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

MGG SCAFFOLDING LIMITED Accountants' Report For the year ended 31 July 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 July 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Positive Payroll Limited 31 July 2025 .................................................... Positive Payroll Limited Suite 10 Old Marsh Farm Barns Welsh Road Deeside Flintshire 23 October 2025 1

MGG SCAFFOLDING LIMITED
Accountants' Report
For the year ended 31 July 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Positive Payroll Limited
31 July 2025

....................................................

Positive Payroll Limited
Suite 10 Old Marsh Farm Barns
Welsh Road
Deeside
Flintshire
23 October 2025

1

MGG SCAFFOLDING LIMITED
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	62,481	59,053
		62,481	59,053
Current assets
Debtors: amounts falling due within one year		33,848	33,075
Cash at bank and in hand		117,769	32,076
		151,617	65,151
Creditors: amount falling due within one year		(29,946)	(9,215)
Net current assets		121,671	55,936

Total assets less current liabilities		184,152	114,989
Creditors: amount falling due after more than one year		(29,538)	(40,995)
Provisions for liabilities		(10,901)	(6,970)
Net assets		143,713	67,024

Capital and reserves
Called up share capital	4	3	3
Profit and loss account		143,710	67,021
Shareholders' funds		143,713	67,024

For the year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

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

The financial statements were approved by the board of directors on 23 October 2025 and were signed on its behalf by:

-------------------------------
Ann Herberts
Director

2

MGG SCAFFOLDING LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 July 2025

General Information

MGG SCAFFOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07714175, registration address TREE TOPS, 8 SEAFIELD ROAD COLWYN BAY, LL29 7HB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 23 (2024 : 20).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 01 August 2024	170,388	193,038	4,311	367,737
Additions	13,353	9,995	907	24,255
Disposals	-	-	-	-
At 31 July 2025	183,741	203,033	5,218	391,992
Depreciation
At 01 August 2024	155,020	150,012	3,652	308,684
Charge for year	7,180	13,255	392	20,827
On disposals	-	-	-	-
At 31 July 2025	162,200	163,267	4,044	329,511
Net book values
Closing balance as at 31 July 2025	21,541	39,766	1,174	62,481
Opening balance as at 01 August 2024	15,368	43,026	659	59,053

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
3 Class A shares of £1.00 each	3		3
	3		3

3

Registered Number: 07714175
England and Wales
Abridged Accounts

for the year ended 31 July 2025
for
MGG SCAFFOLDING LIMITED