Company Registration No. 9579824 (England and Wales)
M.G. ELECTRICAL AND PLUMBING LTD
Unaudited accounts
for the year ended 31 May 2025
M.G. ELECTRICAL AND PLUMBING LTD
Unaudited accounts
Contents
M.G. ELECTRICAL AND PLUMBING LTD
Company Information
for the year ended 31 May 2025
Directors
Mr Martin Gibbons
Mrs Gemma Gibbons
Company Number
9579824 (England and Wales)
Registered Office
8 Tintern Close
Kirkby-In-Ashfield
Nottingham
Nottinghamshire
NG17 7RJ
Accountants
BFS Accountants Ltd
Ransom Hall, Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
M.G. ELECTRICAL AND PLUMBING LTD
Statement of financial position
as at 31 May 2025
Tangible assets
73,910
72,208
Cash at bank and in hand
29,374
9,367
Creditors: amounts falling due within one year
(187,058)
(216,336)
Net current assets
95,637
31,468
Total assets less current liabilities
169,547
103,676
Creditors: amounts falling due after more than one year
(29,900)
(32,884)
Called up share capital
2
2
Profit and loss account
139,645
70,790
Shareholders' funds
139,647
70,792
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by
Mr Martin Gibbons
Director
Company Registration No. 9579824
M.G. ELECTRICAL AND PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2025
M.G. ELECTRICAL AND PLUMBING LTD is a private company, limited by shares, registered in England and Wales, registration number 9579824. The registered office is 8 Tintern Close, Kirkby-In-Ashfield, Nottingham, Nottinghamshire, NG17 7RJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
11,987
91,161
1,587
104,735
Additions
1,667
-
35
1,702
At 31 May 2025
13,654
91,161
1,622
106,437
At 1 June 2024
5,926
26,601
-
32,527
At 31 May 2025
5,926
26,601
-
32,527
At 31 May 2025
7,728
64,560
1,622
73,910
At 31 May 2024
6,061
64,560
1,587
72,208
M.G. ELECTRICAL AND PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
155,515
155,493
Amounts due from group undertakings etc.
52,050
30,460
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,038
(15,590)
Obligations under finance leases and hire purchase contracts
11,178
11,178
Trade creditors
28,686
47,936
Taxes and social security
-
80,432
Other creditors
20,000
45,830
Loans from directors
76,906
-
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
9,982
13,461
Taxes and social security
19,918
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 8 (2024: 8).