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Registered number: 6271740
MG Electrical Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
C.S. Watson & Co
Suite OWS
Central House
High Street
Ongar
CM5 9AA
MG Electrical Solutions Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
MG Electrical Solutions Ltd
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 6271740

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 14,475 |  | 2,074
|  |  | 14,475 |  | 2,074
CURRENT ASSETS
Stocks | 5 | 1,680 |  | 2,004 |
Debtors | 6 | 8,091 |  | 14,663 |
Cash at bank and in hand |  | 9,940 |  | 13,606 |
|  | 19,711 |  | 30,273 |
Creditors: Amounts Falling Due Within One Year | 7 | (10,657 ) |  | (21,813 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 9,054 |  | 8,460
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 23,529 |  | 10,534
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (14,253 ) |  | -
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (2,908 ) |  | (394 )
NET ASSETS |  |  | 6,368 |  | 10,140
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 6,268 |  | 10,040
SHAREHOLDERS' FUNDS |  |  | 6,368 |  | 10,140

Page 1
Page 2
MG Electrical Solutions Ltd
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Bernadette Garrard Director | Mr Martin Garrard Director
10/02/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
MG Electrical Solutions Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
MG Electrical Solutions Ltd Registered number 6271740 is a limited by shares company incorporated in England & Wales. The Registered Office is 81 Lime Grove, Doddinghurst, Brentwood, Essex, CM15 0QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
Page 3
Page 4
MG Electrical Solutions Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 August 2024 | 24,893
Additions | 18,333
Disposals | (11,058 )
As at 31 July 2025 | 32,168
Depreciation
As at 1 August 2024 | 22,819
Provided during the period | 4,825
Disposals | (9,951 )
As at 31 July 2025 | 17,693
Net Book Value
As at 31 July 2025 | 14,475
As at 1 August 2024 | 2,074

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 1,680 |  | 2,004

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 8,091 |  | 14,663

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 60 |  | 9,372
Corporation tax | 5,710 |  | 6,758
Other taxes and social security | 1,156 |  | 1,155
VAT | 2,275 |  | 784
Other creditors | 1,139 |  | 1,114
Directors' loan accounts | 317 |  | 2,630
| 10,657 |  | 21,813

Page 4
Page 5
MG Electrical Solutions Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 14,253 |  | -

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Directors Advances, Credits and Guarantees
Dividends paid to directors
11. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 38,000 |  | 25,000

12. Controlling Party
The company's controlling party is M Garrard by virtue of his ownership of 60% of the issued share capital in the company.
Page 5