MG Woodwork Edinburgh Ltd - Filleted accounts

Registered number

SC717298

MG Woodwork Edinburgh Ltd

Filleted Accounts

31 December 2025

MG Woodwork Edinburgh Ltd
Registered number:		SC717298
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		47,329			34,735

Current assets
Debtors	4	460			575
Cash at bank and in hand		5,350			7,690
		5,810			8,265

Creditors: amounts falling due within one year	5	(22,973)			(25,659)

Net current liabilities			(17,163)			(17,394)

Total assets less current liabilities			30,166			17,341

Creditors: amounts falling due after more than one year	6		(20,889)			(10,175)

Provisions for liabilities			(8,992)			(6,599)


Net assets			285			567

Capital and reserves
Called up share capital			100			100
Profit and loss account			185			467

Shareholder's funds			285			567

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Gauci
Director
Approved by the board on 15 April 2026

MG Woodwork Edinburgh Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and equipment			20% Straight Line
	Computer equipment			33% Straight Line
	Motor vehicles			25% Straight Line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2

3	Tangible fixed assets
		Plant & Machinery		Computer equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	49,293		1,541		8,500		59,334
	Additions	2,920		-		26,895		29,815
	Disposals	-		-		(8,500)		(8,500)
	At 31 December 2025	52,213		1,541		26,895		80,649

	Depreciation
	At 1 January 2025	16,683		1,541		6,375		24,599
	Charge for the year	10,053		-		5,043		15,096
	On disposals	-		-		(6,375)		(6,375)
	At 31 December 2025	26,736		1,541		5,043		33,320

	Net book value
	At 31 December 2025	25,477		-		21,852		47,329
	At 31 December 2024	32,610		-		2,125		34,735

4	Debtors					2025		2024
£							£

	Prepayment					460		575

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Hire purchase loan					9,763		4,945
	Trade creditors					-		236
	Corporation tax					1,730		3,572
	Other taxes and social security					3,765		4,291
	Other creditors					7,715		12,615
						22,973		25,659

6	Creditors: amounts falling due after one year					2025		2024
£							£

	Hire purchase loan					20,889		10,175

7	Other information

	MG Woodwork Edinburgh Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:

	C/O Melbarry Accountants
	30/5 Hardengreen Industrial Estate
	Dalkeith, Midlothian
	Scotland
	EH22 3NX