REGISTERED NUMBER: 13719415 (England and Wales)

MG ON TRACK LIMITED

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1ST DECEMBER 2024 TO 30TH SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Goodman

M Goodman

REGISTERED OFFICE:

W H Prior

Railway Court

Doncaster

South Yorkshire

DN4 5FB

REGISTERED NUMBER:

13719415 (England and Wales)

ACCOUNTANTS:

W H Prior

Chartered Certified Accountants

Railway Court

Off Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

FIXED ASSETS

Tangible assets

4

-

366

CURRENT ASSETS

Debtors

5

544

4,572

Cash at bank

35,264

38,590

35,808

43,162

CREDITORS

Amounts falling due within one year

6

3,444

8,002

NET CURRENT ASSETS

32,364

35,160

TOTAL ASSETS LESS CURRENT LIABILITIES

32,364

35,526

PROVISIONS FOR LIABILITIES

-

83

NET ASSETS

32,364

35,443

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,264

35,343

SHAREHOLDERS' FUNDS

32,364

35,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3rd November 2025 and were signed on its behalf by:

M Goodman - Director

1.	STATUTORY INFORMATION

MG On Track Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2024

2,548

Disposals

(2,548

)

At 30th September 2025

-

DEPRECIATION

At 1st December 2024

2,182

Eliminated on disposal

(2,182

)

At 30th September 2025

-

NET BOOK VALUE

At 30th September 2025

-

At 30th November 2024

366

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

475

4,495

Other debtors

69

77

544

4,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,143

5,833

Other creditors

2,301

2,169

3,444

8,002

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have jointly advanced monies to the company, with the balance of funds owing to the directors at the balance sheet date being £213 (2024:£320). These funds have been advanced on an interest free basis and no security has been given.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the two directors who together hold 100% of the issued share capital of the company.