Company No: 13855441 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,298		6,465
Investments	4	50		50
		5,348		6,515
Current assets
Debtors	5	785		1,071
Cash at bank and in hand		3,097		468
		3,882		1,539
Creditors: amounts falling due within one year	6	( 5,583)		( 2,502)
Net current liabilities		(1,701)		(963)
Total assets less current liabilities		3,647		5,552
Creditors: amounts falling due after more than one year	7	( 50)		( 50)
Net assets		3,597		5,502
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		3,497		5,402
Total shareholders' funds		3,597		5,502

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of MRG Business Services Ltd (registered number: 13855441) were approved and authorised for issue by the Director on 15 December 2025. They were signed on its behalf by:

Mr M R Gribble Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MRG Business Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom

The principal place of business is:
170 Honiton Road
Exeter
EX1 3EP

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there us a right to consideration and is recorded at the fair value of the consideration received or receivable.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Office equipment	4 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	10,000		408		10,408
Additions	0		189		189
At 31 March 2025	10,000		597		10,597
Accumulated depreciation
At 01 April 2024	3,866		77		3,943
Charge for the financial year	1,228		128		1,356
At 31 March 2025	5,094		205		5,299
Net book value
At 31 March 2025	4,906		392		5,298
At 31 March 2024	6,134		331		6,465

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	50		50
At 31 March 2025	50		50
Carrying value at 31 March 2025	50		50
Carrying value at 31 March 2024	50		50

5. Debtors

	2025		2024
	£		£
Amounts owed by director	785		801
Other debtors	0		270
	785		1,071

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	64		564
Accruals	1,425		1,350
Corporation tax	2,099		39
Other taxation and social security	1,995		279
Other creditors	0		270
	5,583		2,502

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to associates	50		50

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
5 Ordinary B shares of £ 1.00 each	5		5
95 Ordinary A shares of £ 1.00 each	95		95
	100		100

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed by director	784		801

The loan is interest free and repayable on demand.