MGM Brickwork Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06742828 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

MGM BRICKWORK CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M A Spice

V Spice

M J Spice

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

06742828 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

19,730

3,671

CURRENT ASSETS

Debtors

5

54,241

73,018

Cash at bank

31,864

49,284

86,105

122,302

CREDITORS

Amounts falling due within one year

6

69,385

84,356

NET CURRENT ASSETS

16,720

37,946

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,450

41,617

CREDITORS

Amounts falling due after more than one year

7

-

(21,863

)

PROVISIONS FOR LIABILITIES

(3,732

)

(918

)

NET ASSETS

32,718

18,836

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

32,618

18,736

SHAREHOLDERS' FUNDS

32,718

18,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

M A Spice - Director

1.	STATUTORY INFORMATION

MGM Brickwork Contractors 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

Basis of preparing the 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of good, excluding value added tax and is recognised on completion of work as stages of work are completed and approved.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 December 2024

37,048

39,517

771

77,336

Additions

9,727

-

454

10,181

Reclassification/transfer

39,517

(39,517

)

-

At 30 November 2025

86,292

-

1,225

87,517

DEPRECIATION

At 1 December 2024

33,377

39,517

771

73,665

Charge for year

(6,028

)

-

150

(5,878

)

Reclassification/transfer

39,517

(39,517

)

-

At 30 November 2025

66,866

-

921

67,787

NET BOOK VALUE

At 30 November 2025

19,426

-

304

19,730

At 30 November 2024

3,671

-

3,671

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

and 30 November 2025

39,517

DEPRECIATION

At 1 December 2024

and 30 November 2025

39,517

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

41,817

53,401

Amounts recoverable on contract

10,081

15,051

Other debtors

560

2,560

VAT

1,783

2,006

54,241

73,018

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

4,997

7,392

Hire purchase contracts

-

2,977

Trade creditors

2,351

1,049

Tax

31,662

22,975

Social security and other taxes

5,847

10,688

Other creditors

541

281

Directors' current accounts

2,992

8,216

Accrued expenses

20,995

30,778

69,385

84,356

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

Bank loans - 1-2 years

-

4,605

Hire purchase contracts

-

17,258

-

21,863

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £2,992 (2024: £8,216). This loan is interest free, with no terms attached.

The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 MGM Brickwork Contractors Limited for the year ended 30 November 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of MGM Brickwork Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MGM Brickwork Contractors Limited and state those matters that we have agreed to state to the Board of Directors of MGM Brickwork Contractors Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MGM Brickwork Contractors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MGM Brickwork Contractors Limited 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 MGM Brickwork Contractors Limited. You consider that MGM Brickwork Contractors Limited 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 MGM Brickwork Contractors Limited. 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

17 July 2026