REGISTERED NUMBER: SC624096 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M.R.G. Electrical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Green

Mrs K M A Green

REGISTERED OFFICE:

27 Cowgate

Oldmeldrum

Inverurie

Aberdeenshire

AB51 0EN

REGISTERED NUMBER:

SC624096 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

57,141

75,835

CURRENT ASSETS

Stocks

8,000

52,000

Debtors

5

232,615

193,323

Cash at bank

17,888

42,853

258,503

288,176

CREDITORS

Amounts falling due within one year

6

235,321

244,622

NET CURRENT ASSETS

23,182

43,554

TOTAL ASSETS LESS CURRENT LIABILITIES

80,323

119,389

CREDITORS

Amounts falling due after more than one year

7

9,015

30,874

NET ASSETS

71,308

88,515

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

70,308

87,515

71,308

88,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 15 December 2025 and were signed on its behalf by:

Mr M R Green - Director

1.	STATUTORY INFORMATION

M.R.G. Electrical Services Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

7,836

2,112

111,870

11,874

133,692

Additions

352

-

-

-

352

At 31 March 2025

8,188

2,112

111,870

11,874

134,044

DEPRECIATION

At 1 April 2024

5,152

924

46,220

5,561

57,857

Charge for year

759

297

16,412

1,578

19,046

At 31 March 2025

5,911

1,221

62,632

7,139

76,903

NET BOOK VALUE

At 31 March 2025

2,277

891

49,238

4,735

57,141

At 31 March 2024

2,684

1,188

65,650

6,313

75,835

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

61,115

DEPRECIATION

At 1 April 2024

22,252

Charge for year

9,716

At 31 March 2025

31,968

NET BOOK VALUE

At 31 March 2025

29,147

At 31 March 2024

38,863

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

152,814

96,238

Amounts recoverable on contract

21,699

39,540

Other debtors

58,102

57,545

232,615

193,323

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,273

10,063

Hire purchase contracts

11,647

11,647

Trade creditors

145,651

111,459

Taxation and social security

3,186

33,016

Other creditors

64,564

78,437

235,321

244,622

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,393

11,604

Hire purchase contracts

7,622

19,270

9,015

30,874

8.	RELATED PARTY DISCLOSURES

The £10,000 loan made to Stephen Green, Father of the Director Michael Green has been fully repaid in the year.