MRG Comms Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08446831 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MRG Comms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R G Nicholls

Mrs L J M Nicholls

REGISTERED OFFICE:

Second Floor

2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

REGISTERED NUMBER:

08446831 (England and Wales)

ACCOUNTANTS:

D and E Accountancy Ltd

Tax Advisors and Accountants

2nd Floor, 2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

FIXED ASSETS

Tangible assets

4

8,907

7,508

CURRENT ASSETS

Stocks

7,454

8,468

Debtors

5

6,614

11,024

Cash at bank

90,602

124,257

104,670

143,749

CREDITORS

Amounts falling due within one year

6

27,965

45,272

NET CURRENT ASSETS

76,705

98,477

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,612

105,985

PROVISIONS FOR LIABILITIES

7

1,692

877

NET ASSETS

83,920

105,108

CAPITAL AND RESERVES

Called up share capital

8

10

Retained earnings

83,910

105,098

SHAREHOLDERS' FUNDS

83,920

105,108

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

M R G Nicholls - Director

1.	STATUTORY INFORMATION

MRG Comms Limited 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.

Fixtures and fittings

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 April 2024

2,891

16,706

19,597

Additions

-

2,461

At 31 March 2025

2,891

19,167

22,058

DEPRECIATION

At 1 April 2024

-

12,089

Charge for year

-

1,062

At 31 March 2025

-

13,151

NET BOOK VALUE

At 31 March 2025

2,891

6,016

8,907

At 31 March 2024

2,891

4,617

7,508

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

6,555

7,133

Other debtors

59

3,891

6,614

11,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

23,086

32,167

Social security and other taxes

480

-

VAT

3,119

11,993

Directors' current accounts

168

-

Accrued expenses

1,112

27,965

45,272

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

1,692

877

Deferred

tax

£

Balance at 1 April 2024

877

Charge to Income Statement during year

815

Balance at 31 March 2025

1,692

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

10

Ordinary

£1

10

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

M R G Nicholls

Balance outstanding at start of year

3,835

-

Amounts advanced

-

3,835

Amounts repaid

(3,835

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,835

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M R G Nicholls.