Company Registration No. 09455283 (England and Wales)
MG CRITTEN LTD
Unaudited accounts
for the year ended 28 February 2026
MG CRITTEN LTD
Unaudited accounts
Contents
MG CRITTEN LTD
Company Information
for the year ended 28 February 2026
Director
Malcolm George Critten
Company Number
09455283 (England and Wales)
Registered Office
78 Linacre Avenue
Norwich
NR7 8JZ
ENGLAND
MG CRITTEN LTD
Statement of financial position
as at 28 February 2026
Tangible assets
15,902
14,123
Cash at bank and in hand
3,710
2,519
Creditors: amounts falling due within one year
(6,887)
(10,932)
Net current assets
10,775
7,269
Total assets less current liabilities
26,677
21,392
Creditors: amounts falling due after more than one year
-
(7,450)
Provisions for liabilities
Deferred tax
(3,021)
(2,683)
Called up share capital
2
2
Profit and loss account
23,654
11,257
Shareholders' funds
23,656
11,259
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2026 and were signed on its behalf by
Malcolm George Critten
Director
Company Registration No. 09455283
MG CRITTEN LTD
Notes to the Accounts
for the year ended 28 February 2026
MG CRITTEN LTD is a private company, limited by shares, registered in England and Wales, registration number 09455283. The registered office is 78 Linacre Avenue, Norwich, NR7 8JZ, ENGLAND.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
MG CRITTEN LTD
Notes to the Accounts
for the year ended 28 February 2026
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
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2025
2,168
22,895
3,408
1,888
30,359
Additions
251
-
4,782
-
5,033
At 28 February 2026
2,419
22,895
8,190
1,888
35,392
At 1 March 2025
1,013
12,149
1,809
1,265
16,236
Charge for the year
263
2,149
718
124
3,254
At 28 February 2026
1,276
14,298
2,527
1,389
19,490
At 28 February 2026
1,143
8,597
5,663
499
15,902
At 28 February 2025
1,155
10,746
1,599
623
14,123
Amounts falling due within one year
Other debtors
12,273
14,492
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
-
3,063
Taxes and social security
5,630
6,884
Loans from directors
197
59
MG CRITTEN LTD
Notes to the Accounts
for the year ended 28 February 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
-
7,450
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).