Mg Mechanical/Electrical Services Limited iXBRL

Company Registration Number: 12770662

Mg Mechanical/Electrical Services Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Mg Mechanical/Electrical Services Limited

DIRECTOR AND OTHER INFORMATION


Director	Mr Max Walsh Gregory


Company Registration Number	12770662


Registered Office	5 West Court
	Enterprise Road
	Maidstone
	Kent
	ME15 6JD
	United Kingdom


Business Address	Woodland Farm
	Rogers Wood Lane
	Fawkham
	Longfield
	Kent
	DA3 8NP
	United Kingdom


Accountants	Henry Reeves & Co Limited
	Chartered Certified Accountants
	5 West Court
	Enterprise Road
	Maidstone
	Kent
	ME15 6JD

Mg Mechanical/Electrical Services Limited

CHARTERED CERTIFIED ACCOUNTANTS REPORT

to the director on the preparation of the unaudited statutory accounts of Mg Mechanical/Electrical Services Limited

for the financial year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mg Mechanical/Electrical Services Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes thereto from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at

<http://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html>

This report is made solely to the Board of Directors of Mg Mechanical/Electrical Services Limited, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Mg Mechanical/Electrical Services Limited and state those matters that we have agreed to state to the Board of Directors of Mg Mechanical/Electrical Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at:

<http://www.accaglobal.com/ie/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html>

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mg Mechanical/Electrical Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mg Mechanical/Electrical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mg Mechanical/Electrical Services Limited. You consider that Mg Mechanical/Electrical Services Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the accounts of Mg Mechanical/Electrical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

__________________________________

HENRY REEVES & CO LIMITED

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

23 December 2025

Mg Mechanical/Electrical Services Limited

Company Registration Number: 12770662

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

18,361

─────────

Current Assets

Debtors

2,249

1,018

Cash and cash equivalents

16,776

37,442

─────────

19,025

38,460

─────────

Creditors: amounts falling due within one year

(15,013)

(17,076)

─────────

Net Current Assets

4,012

21,384

─────────

Total Assets less Current Liabilities

22,373

21,384

Provisions for liabilities

(2,478)

─────────

Net Assets

19,895

21,384

═════════

Capital and Reserves

Called up share capital

Retained earnings

19,893

21,382

─────────

Equity attributable to owners of the company

19,895

21,384

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 23 December 2025



Mr Max Walsh Gregory
Director

Mg Mechanical/Electrical Services Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Mg Mechanical/Electrical Services Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 12770662. The registered office of the company is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD, United Kingdom. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract when the service is performed.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Motor vehicles

25% Reducing balance

Office Equipment

25% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).


4.	Tangible assets
		Motor	Office	Total
		vehicles	Equipment

		£	£	£
	Cost
	At 1 April 2024	-	-	-
	Additions	22,800	1,681	24,481
		─────────	─────────	─────────
	At 31 March 2025	22,800	1,681	24,481
		─────────	─────────	─────────
	Depreciation
	At 1 April 2024	-	-	-
	Charge for the financial year	5,700	420	6,120
		─────────	─────────	─────────
	At 31 March 2025	5,700	420	6,120
		─────────	─────────	─────────
	Net book value
	At 31 March 2025	17,100	1,261	18,361
		═════════	═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	-	1,018
	Taxation	1,895	-
	Prepayments and accrued income	354	-
		─────────	─────────
		2,249	1,018
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Taxation	-	1,895
	Director's current account	13,285	13,056
	Accruals	1,728	2,125
		─────────	─────────
		15,013	17,076
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Losses

Total

Total

allowances

2025

2024

At financial year start

Charged to profit and loss

3,489

(1,011)

2,478

─────────

At financial year end

3,489

(1,011)

2,478

═════════

Director's advances, credits and guarantees

Included in creditors is an amount of £13,056 (2024 : £13,285) due to the director in respect of his directors loan account. This amount is unsecured, interest free and repayable on demand.