MGP STEEL ERECTION LIMITED


Directors	MANNING, Jason Ivan
	POCOCK, Mel Graham


Company Secretary	POCOCK, Philippa Louise


Registered Address	2 Upperton Gardens
	Eastbourne
	East Sussex
	BN21 2AH


Registered Number	03527474 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		170,412		210,489
			170,412		210,489
Current assets
Stocks		45,000		45,000
Debtors		1,416,144		1,535,263
Cash at bank and on hand		401,580		455,775
		1,862,724		2,036,038
Creditors amounts falling due within one year	4	(661,239)		(804,476)
Net current assets (liabilities)			1,201,485		1,231,562
Total assets less current liabilities			1,371,897		1,442,051
Creditors amounts falling due after one year			(13,517)		(31,538)
Provisions for liabilities			(34,662)		(52,622)
Net assets			1,323,718		1,357,891
Capital and reserves
Called up share capital			103		103
Profit and loss account			1,323,615		1,357,788
Shareholders' funds			1,323,718		1,357,891

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 16 December 2025, and are signed on its behalf by:

POCOCK, Mel Graham
Director
Registered Company No. 03527474

MGP STEEL ERECTION LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	20		20

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	937,009
	Additions	15,454
	At 31 March 25	952,463
	Depreciation and impairment
	At 01 April 24	726,520
	Charge for year	55,531
	At 31 March 25	782,051
	Net book value
	At 31 March 25	170,412
	At 31 March 24	210,489

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	375,064	586,883
Bank borrowings and overdrafts	-	7,834
Taxation and social security	85,615	134,202
Other creditors	154,174	63,702
Accrued liabilities and deferred income	46,386	11,855
Total	661,239	804,476


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Related party transactions
	During the year, the company paid £26,400 (2024: £26,400) towards hire of vans and equipment to M G Pocock partnership. At the balance sheet date £50,037 (2024: £49,882) was owed by M G Pocock partnership of which Mr M G Pocock is a partner. The company paid rent of £70,800 (2024: £70,800) to Hi Po Plants Ltd. At the balance sheet date £304,581 (2024: £336,927) was owed by Hi-Po Plants Ltd of which Mr M G Pocock is a director. Dividends were paid to the directors in their capacity as shareholders totaling £130,000 (2024: £130,000).

Related party transactions

During the year, the company paid £26,400 (2024: £26,400) towards hire of vans and equipment to M G
Pocock partnership. At the balance sheet date £50,037 (2024: £49,882) was owed by M G Pocock partnership of which Mr M G Pocock is a partner.

The company paid rent of £70,800 (2024: £70,800) to Hi Po Plants Ltd. At the balance sheet date £304,581
(2024: £336,927) was owed by Hi-Po Plants Ltd of which Mr M G Pocock is a director. 

Dividends were paid to the directors in their capacity as shareholders totaling £130,000 (2024: £130,000).