REGISTERED NUMBER: 06713588 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MG & FAMILY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Gulam

M Gulam

REGISTERED OFFICE:

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

REGISTERED NUMBER:

06713588 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

11,964

15,943

Investments

5

10

10

11,974

15,953

CURRENT ASSETS

Debtors

6

745,917

659,105

Cash at bank

399,332

385,983

1,145,249

1,045,088

CREDITORS

Amounts falling due within one year

7

120,065

251,985

NET CURRENT ASSETS

1,025,184

793,103

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,158

809,056

PROVISIONS FOR LIABILITIES

8

2,991

3,986

NET ASSETS

1,034,167

805,070

CAPITAL AND RESERVES

Called up share capital

1,006

1,006

Retained earnings

1,033,161

804,064

SHAREHOLDERS' FUNDS

1,034,167

805,070

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th January 2026 and were signed on its behalf by:

M Gulam - Director

1.	STATUTORY INFORMATION

MG & Family Ltd 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.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company contributes to personal pension schemes for its employees and directors. The assets of the schemes are held independently of the company by an insurance company. The amounts charged to the profit and loss account are the contributions paid in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

45,354

DEPRECIATION

At 1st April 2024

29,411

Charge for year

3,979

At 31st March 2025

33,390

NET BOOK VALUE

At 31st March 2025

11,964

At 31st March 2024

15,943

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

10

NET BOOK VALUE

At 31st March 2025

10

At 31st March 2024

10

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

19,294

137,529

Amounts owed by group undertakings

215,344

360

Other debtors

131,872

132,096

366,510

269,985

Amounts falling due after more than one year:

Other debtors

379,407

389,120

Aggregate amounts

745,917

659,105

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,004

11,697

Taxation and social security

100,775

236,930

Other creditors

12,286

3,358

120,065

251,985

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred taxation movement

2,991

3,986

Deferred tax

£

Balance at 1st April 2024

3,986

Provided during year

(995

)

Balance at 31st March 2025

2,991

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

M Gulam

Balance outstanding at start of year

389,120

94,645

Amounts advanced

-

424,304

Amounts repaid

(9,713

)

(129,829

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

379,407

389,120