Magree Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08051455

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,927		7,903

			5,927		7,903
CURRENT ASSETS
Debtors	5	28,894		32,555
Cash at Bank		1,968		3,108

		30,862		35,663
Creditors: Amounts Falling Due Within One Year	6	(18,420 )		(22,220 )

NET CURRENT ASSETS (LIABILITIES)			12,442		13,443

TOTAL ASSETS LESS CURRENT LIABILITIES			18,369		21,346

Creditors: Amounts Falling Due After More Than One Year	7		(4,182 )		(6,968 )

NET ASSETS			14,187		14,378

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			14,087		14,278

SHAREHOLDERS' FUNDS			14,187		14,378

Page 1

Page 2

Magree Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Green

Director

26/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Magree Limited 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. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Van	25% on reducing balance
Office Equipment	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

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 life. Those held under finance lease are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

2.5. 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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

Page 3

Page 4

Magree Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Motor Van	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2025	10,300	316	10,616

As at 31 March 2026	10,300	316	10,616

Depreciation
As at 1 April 2025	2,575	138	2,713
Provided during the period	1,931	45	1,976

As at 31 March 2026	4,506	183	4,689

Net Book Value
As at 31 March 2026	5,794	133	5,927

As at 1 April 2025	7,725	178	7,903

5. Debtors

	2026	2025
	£	£
Due within one year
CIS Tax Repayment	17,268	18,402
Other Debtors & Prepayments	357	448
Accrued Income	8,968	12,483
VAT Creditor	2,301	1,222

	28,894	32,555

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	666	2,667
Corporation tax	11,899	11,000
Other taxes and social security	-	138
Other Creditors & Accruals	3,579	7,121
Director's loan account	2,276	1,294

	18,420	22,220

Page 4

Page 5

Magree Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,182	6,968

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Profit and Loss Account
	£
As at 1 April 2025	14,278
Profit for the year and total comprehensive income	44,609

Dividends paid	(44,800)

As at 31 March 2026	14,087

Page 5