MSG Contracts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03795153

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		101,917		101,904

			101,917		101,904
CURRENT ASSETS
Stocks	5	12,480		3,500
Debtors	6	246,272		227,806
Cash at bank and in hand		128,161		258,020

		386,913		489,326
Creditors: Amounts Falling Due Within One Year	7	(239,803 )		(173,244 )

NET CURRENT ASSETS (LIABILITIES)			147,110		316,082

TOTAL ASSETS LESS CURRENT LIABILITIES			249,027		417,986

Creditors: Amounts Falling Due After More Than One Year	8		(36,535 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(20,573 )

NET ASSETS			212,492		397,413

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			212,392		397,313

SHAREHOLDERS' FUNDS			212,492		397,413

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MSG Contracts Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 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 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 Andrew Gregory

Director

27 November 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

MSG Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03795153 . The registered office is Units 2/3 Zone D, Chelmsford Road Industrial Estate, Great Dunmow, Essex, CM6 1XG.

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, excluding discounts, rebates, value added taxes, and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and 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:

Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	20% 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.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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MSG Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 273 (2024: 264)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 August 2024	53,722	151,046	18,219	222,987
Additions	1,194	55,196	-	56,390
Disposals	(666 )	(57,802 )	-	(58,468 )

As at 31 July 2025	54,250	148,440	18,219	220,909

Depreciation
As at 1 August 2024	37,523	72,406	11,154	121,083
Provided during the period	3,342	27,628	1,417	32,387
Disposals	-	(34,478 )	-	(34,478 )

As at 31 July 2025	40,865	65,556	12,571	118,992

Net Book Value
As at 31 July 2025	13,385	82,884	5,648	101,917

As at 1 August 2024	16,199	78,640	7,065	101,904

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MSG Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Stocks

	2025	2024
	£	£
Finished goods	12,480	3,500

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	246,272	213,017
Other debtors	-	14,789

	246,272	227,806

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,769	-
Trade creditors	44,121	61,157
Amounts owed to participating interests	20,973	-
Other creditors	43,766	9,302
Taxation and social security	124,174	102,785

	239,803	173,244

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	36,535	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,769	-
Later than one year and not later than five years	36,535	-

	43,304	-

	43,304	-

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MSG Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

A Gregory and J Ireton are directors of JAG Contracts Limited. MSG Contracts Limited is a wholly-owned subsidiary of JAG Contracts Limited.

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