MGR Fluid Engineering Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16139458

MGR Fluid Engineering Ltd

Filleted Unaudited Financial Statements

31 December 2025

MGR Fluid Engineering Ltd

Financial Statements

Period from 17 December 2024 to 31 December 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

MGR Fluid Engineering Ltd

Balance Sheet

31 December 2025

	31 Dec 25
Note	£	£

Fixed assets

Intangible assets	5	3,795
Tangible assets	6	32,434
		--------
		36,229

Current assets

Debtors	7	12,416
Cash at bank and in hand		21,888
		--------
		34,304

Creditors: amounts falling due within one year	8	( 20,131)
		--------
Net current assets			14,173
			--------
Total assets less current liabilities			50,402

Creditors: amounts falling due after more than one year	9		( 18,612)

Provisions

Taxation including deferred tax		( 2,105)
		--------
Net assets		29,685
		--------

MGR Fluid Engineering Ltd

Balance Sheet (continued)

31 December 2025

	31 Dec 25
Note	£	£

Capital and reserves

Called up share capital		2
Profit and loss account		29,683
		--------
Shareholders funds		29,685
		--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 7 May 2026 , and are signed on behalf of the board by:

Mr M G Retford

Director

Company registration number: 16139458

MGR Fluid Engineering Ltd

Notes to the Financial Statements

Period from 17 December 2024 to 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 14 Stirling Avenue, Leamington Spa, CV32 7HN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	33% straight line
Motor vehicles	-	20% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Intangible assets

	Development costs
	£
Cost
Additions	3,859
	-------
At 31 December 2025	3,859
	-------
Amortisation
Charge for the period	64
	-------
At 31 December 2025	64
	-------
Carrying amount
At 31 December 2025	3,795
	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 17 December 2024	–	–	–	–
Additions	10,052	2,319	23,298	35,669
	--------	-------	--------	--------
At 31 December 2025	10,052	2,319	23,298	35,669
	--------	-------	--------	--------
Depreciation
At 17 December 2024	–	–	–	–
Charge for the period	937	356	1,942	3,235
	--------	-------	--------	--------
At 31 December 2025	937	356	1,942	3,235
	--------	-------	--------	--------
Carrying amount
At 31 December 2025	9,115	1,963	21,356	32,434
	--------	-------	--------	--------

7. Debtors

	31 Dec 25
	£
Trade debtors	10,859
Other debtors	1,557
	--------
	12,416
	--------

8. Creditors: amounts falling due within one year

	31 Dec 25
	£
Trade creditors	891
Corporation tax	5,092
Social security and other taxes	7,421
Other creditors	6,727
	--------
	20,131
	--------

9. Creditors: amounts falling due after more than one year

	31 Dec 25
	£
Other creditors	18,612
	--------