REGISTERED NUMBER: 06795974 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MGRS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Coombs

S J Hoar

SECRETARIES:

Mr R J Coombs

S J Hoar

REGISTERED OFFICE:

Unit 29 Basepoint Centres Ltd

Lincoln Road

Cressex Business Park

High Wycombe

Bucks

HP12 3RL

REGISTERED NUMBER:

06795974 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

3,694

5,733

CURRENT ASSETS

Debtors

5

15,554

4,375

Cash at bank and in hand

20,253

19,509

35,807

23,884

CREDITORS

Amounts falling due within one year

6

39,441

29,422

NET CURRENT LIABILITIES

(3,634

)

(5,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60

195

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(40

)

95

SHAREHOLDERS' FUNDS

60

195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2025 and were signed on its behalf by:

Mr R J Coombs - Director

S J Hoar - Director

1.	STATUTORY INFORMATION

MGRS Ltd 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

Office equipment

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

21,186

8,291

29,477

DEPRECIATION

At 1st April 2024

15,453

8,291

23,744

Charge for year

2,039

-

2,039

At 31st March 2025

17,492

8,291

25,783

NET BOOK VALUE

At 31st March 2025

3,694

-

3,694

At 31st March 2024

5,733

-

5,733

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,221

-

Other debtors

13,333

4,375

15,554

4,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

12,947

6,078

Tax

17,680

15,030

VAT

5,296

6,811

Other creditors

2,000

-

Directors' current accounts

18

3

Accrued expenses

1,500

1,500

39,441

29,422

7.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director Mr R Coombs and Mr S Hoar who own 100% of the issued share capital.