IRIS Accounts Production v25.4.0.155 SC353351 director 1.2.25 31.1.26 31.1.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC353351 2025-01-31 SC353351 2026-01-31 SC353351 2025-02-01 2026-01-31 SC353351 2024-01-31 SC353351 2024-02-01 2025-01-31 SC353351 2025-01-31 SC353351 ns15:Scotland 2025-02-01 2026-01-31 SC353351 ns14:PoundSterling 2025-02-01 2026-01-31 SC353351 ns10:Director1 2025-02-01 2026-01-31 SC353351 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC353351 ns10:SmallEntities 2025-02-01 2026-01-31 SC353351 ns10:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 SC353351 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 SC353351 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC353351 ns10:FullAccounts 2025-02-01 2026-01-31 SC353351 ns10:CompanySecretary1 2025-02-01 2026-01-31 SC353351 ns10:RegisteredOffice 2025-02-01 2026-01-31 SC353351 ns5:CurrentFinancialInstruments 2026-01-31 SC353351 ns5:CurrentFinancialInstruments 2025-01-31 SC353351 ns5:Non-currentFinancialInstruments 2026-01-31 SC353351 ns5:Non-currentFinancialInstruments 2025-01-31 SC353351 ns5:ShareCapital 2026-01-31 SC353351 ns5:ShareCapital 2025-01-31 SC353351 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 SC353351 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC353351 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-02-01 2026-01-31 SC353351 ns5:PlantMachinery 2025-02-01 2026-01-31 SC353351 ns5:FurnitureFittings 2025-02-01 2026-01-31 SC353351 ns5:MotorVehicles 2025-02-01 2026-01-31 SC353351 ns5:ComputerEquipment 2025-02-01 2026-01-31 SC353351 ns5:LandBuildings 2025-01-31 SC353351 ns5:PlantMachinery 2025-01-31 SC353351 ns5:FurnitureFittings 2025-01-31 SC353351 ns5:LandBuildings 2025-02-01 2026-01-31 SC353351 ns5:LandBuildings 2026-01-31 SC353351 ns5:PlantMachinery 2026-01-31 SC353351 ns5:FurnitureFittings 2026-01-31 SC353351 ns5:LandBuildings 2025-01-31 SC353351 ns5:PlantMachinery 2025-01-31 SC353351 ns5:FurnitureFittings 2025-01-31 SC353351 ns5:MotorVehicles 2025-01-31 SC353351 ns5:ComputerEquipment 2025-01-31 SC353351 ns5:MotorVehicles 2026-01-31 SC353351 ns5:ComputerEquipment 2026-01-31 SC353351 ns5:MotorVehicles 2025-01-31 SC353351 ns5:ComputerEquipment 2025-01-31 SC353351 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-01-31 SC353351 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-02-01 2026-01-31 SC353351 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2026-01-31 SC353351 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-01-31 SC353351 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 SC353351 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 SC353351 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2026-01-31 SC353351 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2025-01-31 SC353351 ns5:DeferredTaxation 2025-02-01 2026-01-31 SC353351 ns5:DeferredTaxation 2026-01-31

REGISTERED NUMBER: SC353351 (Scotland)

| Unaudited Financial Statements |

| For The Year Ended 31 January 2026 |

| for |

| Mgb Services Ltd. |

| Mgb Services Ltd. (Registered number: SC353351) |

Contents of the Financial Statements

For The Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Mgb Services Ltd. |

Company Information

For The Year Ended 31 January 2026

| DIRECTOR: | M Greenaway

| SECRETARY: | Mrs C Greenaway

| REGISTERED OFFICE: | 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| REGISTERED NUMBER: | SC353351 (Scotland)

| ACCOUNTANTS: | Atkinson Donnelly LLP

| 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| Mgb Services Ltd. (Registered number: SC353351) |

Balance Sheet

31 January 2026

| 31.1.26 | 31.1.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 295,665 |  | 364,727 |  |

CURRENT ASSETS

Stocks | 2,000 |  | 65,433 |  |

Debtors | 5 | 821,535 |  | 1,020,686 |  |

Cash at bank | 32,938 |  | 760 |  |

856,473 |  | 1,086,879 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,001,944 |  | 1,424,797 |  |

NET CURRENT LIABILITIES | (145,471 | ) | (337,918 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 150,194 |  | 26,809 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (115,007 | ) | (199,663 | ) |

PROVISIONS FOR LIABILITIES | 9 | (34,588 | ) | - |  |

NET ASSETS/(LIABILITIES) | 599 |  | (172,854 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 499 |  | (172,954 | ) |

SHAREHOLDERS' FUNDS | 599 |  | (172,854 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| Mgb Services Ltd. (Registered number: SC353351) |

Balance Sheet - continued

31 January 2026

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2026 and were signed by:

M Greenaway - Director

| Mgb Services Ltd. (Registered number: SC353351) |

Notes to the Financial Statements

For The Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Mgb Services Ltd. is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance and 25% on cost

| Computer equipment | - | 25% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and Bank Balances

| Cash and bank balances are measured at the transaction price.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| 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.

| Mgb Services Ltd. (Registered number: SC353351) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2025 - 32 ) .

| Mgb Services Ltd. (Registered number: SC353351) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2026

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 February 2025 | 163,904 |  | 4,030 |  | 32,719 |  |

| Additions | - |  | - |  | 113 |  |

| Disposals | - |  | - |  | - |  |

| At 31 January 2026 | 163,904 |  | 4,030 |  | 32,832 |  |

| DEPRECIATION

| At 1 February 2025 | 21,334 |  | 1,254 |  | 12,698 |  |

| Charge for year | 3,278 |  | 694 |  | 5,033 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 January 2026 | 24,612 |  | 1,948 |  | 17,731 |  |

| NET BOOK VALUE

| At 31 January 2026 | 139,292 |  | 2,082 |  | 15,101 |  |

| At 31 January 2025 | 142,570 |  | 2,776 |  | 20,021 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 February 2025 | 323,652 |  | 50,482 |  | 574,787 |  |

| Additions | - |  | - |  | 113 |  |

| Disposals | (47,820 | ) | - |  | (47,820 | ) |

| At 31 January 2026 | 275,832 |  | 50,482 |  | 527,080 |  |

| DEPRECIATION

| At 1 February 2025 | 150,595 |  | 24,179 |  | 210,060 |  |

| Charge for year | 48,273 |  | 6,576 |  | 63,854 |  |

| Eliminated on disposal | (42,499 | ) | - |  | (42,499 | ) |

| At 31 January 2026 | 156,369 |  | 30,755 |  | 231,415 |  |

| NET BOOK VALUE

| At 31 January 2026 | 119,463 |  | 19,727 |  | 295,665 |  |

| At 31 January 2025 | 173,057 |  | 26,303 |  | 364,727 |  |

| Mgb Services Ltd. (Registered number: SC353351) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2026

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 101,442 |  |

| DEPRECIATION

| At 1 February 2025 | 25,361 |  |

| Charge for year | 25,360 |  |

| At 31 January 2026 | 50,721 |  |

| NET BOOK VALUE

| At 31 January 2026 | 50,721 |  |

| At 31 January 2025 | 76,081 |  |

5. | DEBTORS

| 31.1.26 |  | 31.1.25

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 473,254 |  | 534,994 |  |

| Amounts owed by group undertakings | - |  | 10,000 |  |

| Other debtors | 284,115 |  | 369,675 |  |

757,369 |  | 914,669 |  |

| Amounts falling due after more than one year:

| Other debtors | 64,166 |  | 106,017 |  |

| Aggregate amounts | 821,535 |  | 1,020,686 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Bank loans and overdrafts | 38,035 |  | 35,910 |  |

| Hire purchase contracts and finance leases | 47,879 |  | 46,937 |  |

| Trade creditors | 523,972 |  | 774,609 |  |

| Taxation and social security | 254,685 |  | 305,038 |  |

| Other creditors | 137,373 |  | 262,303 |  |

1,001,944 |  | 1,424,797 |  |

| Mgb Services Ltd. (Registered number: SC353351) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2026

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.26 |  | 31.1.25

£ | £ |

| Bank loans | 13,174 |  | 51,209 |  |

| Hire purchase contracts and finance leases | 101,833 |  | 148,454 |  |

115,007 |  | 199,663 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.26 |  | 31.1.25

£ | £ |

| Close Invoice Finance Ltd | 116,113 |  | 242,368 |  |

| Close Invoice Finance Ltd holds a floating charge covering all property or undertaking of the company.

9. | PROVISIONS FOR LIABILITIES

| 31.1.26 |  | 31.1.25

£ | £ |

| Deferred tax | 34,588 |  | - |  |

| Deferred |

| tax |

£ |

| Provided during year | 34,588 |  |

| Balance at 31 January 2026 | 34,588 |  |