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Registered Number: 09406653
England and Wales
MGF NORFOLK LTD
Unaudited Financial Statements
Period of accounts Start date: 01 April 2024 End date: 31 March 2025

MGF Norfolk Ltd Contents Page For the year ended 31 March 2025
Company information | 1
Statement of financial position | 2

MGF Norfolk Ltd Company Information For the year ended 31 March 2025
Directors | Andrew Kruez Kruez Mark Douglass
Registered Number | 09406653
Registered Office | c/o Adepta Limited Hill Farm Kirby Road, Kirby Bedon Norwich Norfolk NR14 7DU
Accountants | Adepta Limited Unit 6, Hill Farm Kirby Road, Kirby Bedon Norwich Norfolk NR14 7DU
1

MGF Norfolk Ltd Statement of Financial Position As at 31 March 2025
|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ | £ |  | £ | £
Fixed assets |  |  | 86,706 |  |  | 87,946
Current assets |  | 39,396 |  |  | 65,049 |
Creditors: amount falling due within one year |  | (77,245) |  |  | (95,386) |
Net current assets |  |  | (37,849) |  |  | (30,337)
Total assets less current liabilities |  |  | 48,857 |  |  | 57,609
Creditors: amount falling due after more than one year |  |  | (48,227) |  |  | (57,160)
Net assets |  |  | 630 |  |  | 449
Capital and reserves |  |  | 630 |  |  | 449
NOTES TO THE ACCOUNTS General Information MGF Norfolk Ltd is a private company, limited by shares, registered in England and Wales, registration number 09406653, registration address c/o Adepta Limited Hill Farm, Kirby Road, Kirby Bedon, Norwich, Norfolk, NR14 7DU. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Dividends Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery | 15% Reducing Balance
Motor Vehicles | 25% Reducing Balance
Fixtures and Fittings | 15% Reducing Balance
Assets on finance lease and hire purchase Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives. Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2. | Tangible fixed assets
Cost or valuation | Land and Buildings |  | Plant and Machinery |  | Motor Vehicles |  | Fixtures and Fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
At 01 April 2024 | 72,027 |  | 18,587 |  | 26,948 |  | 6,139 |  | 123,701
Additions | - |  | 2,000 |  | - |  | - |  | 2,000
Disposals | - |  | - |  | - |  | - |  | -
At 31 March 2025 | 72,027 |  | 20,587 |  | 26,948 |  | 6,139 |  | 125,701
Depreciation
At 01 April 2024 | - |  | 11,953 |  | 21,433 |  | 2,369 |  | 35,755
Charge for year | - |  | 1,295 |  | 1,379 |  | 566 |  | 3,240
On disposals | - |  | - |  | - |  | - |  | -
At 31 March 2025 | - |  | 13,248 |  | 22,812 |  | 2,935 |  | 38,995
Net book values
Closing balance as at 31 March 2025 | 72,027 |  | 7,339 |  | 4,136 |  | 3,204 |  | 86,706
Opening balance as at 01 April 2024 | 72,027 |  | 6,634 |  | 5,515 |  | 3,770 |  | 87,946
3. | Average number of employees Average number of employees during the year was 2 (2024 : 2).
4. | Advances and Credits Directors Loan Account
Current year (2025)
| Brought Forward £ | Amount £ | Interest £ | Repaid £ | Written Off £ | Waived £ | Carry Forward £
--- | --- | --- | --- | --- | --- | --- | ---
Directors Loan Account | 40,277 |  | 53,936 |  | 1,219 |  | 81,045 |  | - |  | - |  | 14,387
| 40277 |  | 53936 |  | 1219 |  | 81045 |  | 0 |  | 0 |  | 14387
Previous year (2024)
| Brought Forward £ | Amount £ | Interest £ | Repaid £ | Written Off £ | Waived £ | Carry Forward £
--- | --- | --- | --- | --- | --- | --- | ---
Directors Loan Account | 18,165 |  | 100,714 |  | 1,590 |  | 80,192 |  | - |  | - |  | 40,277
| 18165 |  | 100714 |  | 1590 |  | 80192 |  | 0 |  | 0 |  | 40277
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' Responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies. The financial statements were approved by the board of directors on 23 January 2026 and were signed on its behalf by:
-------------------------------- Andrew Kruez Kruez Director
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