M G Water Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10265898 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30th June 2025

for

M G Water Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

M C D Griffiths

SECRETARY:

Mrs B A Griffiths

REGISTERED OFFICE:

5 Maltby Way

Horncastle

Lincolnshire

LN9 6QX

REGISTERED NUMBER:

10265898 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

5

1,092

1,637

CURRENT ASSETS

Debtors

6

11,694

19,378

Cash at bank

1,171

5,527

12,865

24,905

CREDITORS

Amounts falling due within one year

7

13,531

26,127

NET CURRENT LIABILITIES

(666

)

(1,222

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

426

415

PROVISIONS FOR LIABILITIES

8

207

311

NET ASSETS

219

104

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

119

4

SHAREHOLDERS' FUNDS

219

104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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.

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 and authorised for issue by the director and authorised for issue on 7th April 2026 and were signed by:

M C D Griffiths - Director

1.	STATUTORY INFORMATION

M G Water Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st July 2024

and 30th June 2025

5,200

DEPRECIATION

At 1st July 2024

3,563

Charge for year

545

At 30th June 2025

4,108

NET BOOK VALUE

At 30th June 2025

1,092

At 30th June 2024

1,637

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

-

2,819

Directors' current accounts

9,357

13,122

Tax

2,337

Prepayments

-

1,100

11,694

19,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

6,663

11,226

Tax

4,784

8,164

VAT

-

4,983

Other creditors

698

434

Accrued expenses

1,386

1,320

13,531

26,127

8.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

Deferred tax

207

311

Deferred

tax

£

Balance at 1st July 2024

311

Credit to Income Statement during year

(104

)

Balance at 30th June 2025

207

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

100

Ordinary Share Capital

1

100

10.

RESERVES

Retained

earnings

£

At 1st July 2024

4

Profit for the year

19,815

Dividends

(19,700

)

At 30th June 2025

119

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2025 and 30th June 2024:

30.6.25

30.6.24

£

M C D Griffiths

Balance outstanding at start of year

13,102

12,708

Amounts advanced

-

13,102

Amounts repaid

(3,745

)

(12,708

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,357

13,102

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £13,790 (2024 - £23,902) were paid to the director .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is M C D Griffiths.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M G Water Services Ltd for the year ended 30th June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of M G Water Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M G Water Services Ltd and state those matters that we have agreed to state to the director of M G Water Services Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that M G Water Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M G Water Services Ltd. You consider that M G Water Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M G Water Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 7th April 2026