Mcguinness Group Ltd

Registered Number: 10524089 Mcguinness Group Ltd
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2025 £
Fixed assets
Tangible fixed assets	5	-	92,385
		-	92,385
Current assets
Stocks		-	620
Debtors: amounts falling due within one year		3,560	9,233
Cash at bank and in hand		20,204	24,881
		23,764	34,734
Creditors: amount falling due within one year		(72,045)	(41,413)
Net current assets		(48,281)	(6,679)

Total assets less current liabilities		(48,281)	85,706
Creditors: amount falling due after more than one year		-	(40,109)
Net assets		(48,281)	45,597

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(48,381)	45,497
Shareholders' funds		(48,281)	45,597

For the period ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 14 April 2026 and were signed by:

-------------------------------
J Mcguinness
Director

Mcguinness Group Ltd
Notes to the Abridged Financial Statements
For the Period 01 April 2025 to 31 July 2025

General Information

Mcguinness Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10524089, registration address Pi House, 40a London Road, Gloucester, Gloucestershire, GL1 3NU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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	25% Straight Line
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	33% Straight Line
Computer Equipment	33% Straight Line

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.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Directors' Emoluments

	2025 £	2025 £
Administrative Expenses
Directors Salaries	5,238	12,570
Directors Pension Contributions	-	744
	5,238	13,314

Staff Costs

	2025 £	2025 £
Wages and salaries	18,902	56,040
Pension costs, defined contribution plan	233	744
Other staff costs	-	127
	19,135	56,911

Average number of employees during the period	Number	Number
Sales	2	3
	2	3

4.	Average number of employees Average number of employees during the period was 2 (2025 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2025	16,143	125,332	2,480	7,268	151,223
Additions	-	-	-	-	-
Disposals	(16,143)	(125,332)	(2,480)	(7,268)	(151,223)
At 31 July 2025	-	-	-	-	-
Depreciation
At 01 April 2025	8,705	42,352	2,480	5,301	58,838
Charge for period	-	-	-	-	-
On disposals	(8,705)	(42,352)	(2,480)	(5,301)	(58,838)
At 31 July 2025	-	-	-	-	-
Net book values
Closing balance as at 31 July 2025	-	-	-	-	-
Opening balance as at 01 April 2025	7,438	82,980	-	1,967	92,385

Share Capital

Allotted, called up and fully paid	2025 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

Registered Number: 10524089
England and Wales
Abridged Accounts

for the period ended 31 July 2025
for
MCGUINNESS GROUP LTD