Company registration number 05707690 (England and Wales)
MG Access Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2025
PAGES FOR FILING WITH REGISTRAR
MG Access Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
MG Access Limited
Statement of financial position
as at 30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,765
5,888
Current assets
Stocks
26,413
34,911
Debtors
37,249
47,835
Cash at bank and in hand
41,510
45,060
105,172
127,806
Creditors: amounts falling due within one year
(87,100)
(93,972)
Net current assets
18,072
33,834
Total assets less current liabilities
27,837
39,722
Creditors: amounts falling due after more than one year
(27,193)
(28,240)
Net assets
644
11,482
Capital and reserves
Called up share capital
200
100
Profit and loss reserves
444
11,382
Total equity
644
11,482
MG Access Limited
Statement of financial position (continued)
as at 30 April 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 January 2026 and are signed on its behalf by:
J Goodyear
L Menzer
Director
Director
Company Registration No. 05707690
MG Access Limited
Notes to the Financial Statements
for the year ended 30 April 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised on date of invoice

Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Over the life of the lease
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the pe r iod. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
7
MG Access Limited
Notes to the Financial Statements (continued)
for the year ended 30 April 2025
- 4 -
3
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2024
4,251
3,985
7,995
51,452
67,683
Additions
-
0
-
0
-
0
8,050
8,050
Disposals
-
0
-
0
-
0
(29,192)
(29,192)
At 30 April 2025
4,251
3,985
7,995
30,310
46,541
Depreciation and impairment
At 1 May 2024
4,251
3,749
7,733
46,062
61,795
Depreciation charged in the year
-
0
59
117
1,790
1,966
Eliminated in respect of disposals
-
0
-
0
-
0
(26,985)
(26,985)
At 30 April 2025
4,251
3,808
7,850
20,867
36,776
Carrying amount
At 30 April 2025
-
0
177
145
9,443
9,765
At 30 April 2024
-
0
236
262
5,390
5,888

Included within the net book value of £9,765 15 is £8,115 (202 4 - £2,128) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £1,464 (202 4 - £710).

4
Company information

MG Access Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Hawkesworth Mill, Hawkesworth Road, Horsforth, West Yorkshire, LS18 4JP.

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