MG Hayward Limited

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

1. General Information

MG Hayward Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14175934 . The registered office is 42 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, PE2 6LR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery	25% Reducing Balance
Fixtures & fittings	25% Reducing Balance

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are showin within borrowings in current liabilities.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 in full.

Basic financial assets, including trade and other debtors, cash and bank balances, and investments in ordinary shares that are not publicly traded, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Such assets are subsequently carried at amortised cost using the effective interest method, less impairment where applicable.

Basic financial liabilities, including trade and other creditors, bank loans, director loans, and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets are derecognised when the contractual rights to the cash flows expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

Impairment losses are recognised where there is objective evidence that a financial asset is impaired.

Page 3

Page 4

MG Hayward Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.8. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method

2.9. Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.10. Interest income

Interest income is recognised in the profit and loss using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

Page 4

Page 5

MG Hayward Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

4. Tangible Assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost
As at 1 July 2025	-	1,820	1,820
Additions	9,225	-	9,225

As at 30 June 2026	9,225	1,820	11,045

Depreciation
As at 1 July 2025	-	564	564
Provided during the period	961	314	1,275

As at 30 June 2026	961	878	1,839

Net Book Value
As at 30 June 2026	8,264	942	9,206

As at 1 July 2025	-	1,256	1,256

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	13,615
Other debtors	43,325	4,869

	43,325	18,484

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	81
Other creditors	2,458	1,980
Taxation and social security	(16,501 )	38,637

	(14,043 )	40,698

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

8. Directors Advances, Credits and Guarantees

During the year, advances were made to director totalling £23,838 (2024: £1,021) and repayments totalled £4,825 (2024: £1,021). The amount owed by a director at the year end totalled £24,039 (2024: £4,805), which is shown within other debtors. Interest of £221 has been charged to this loan. The loan is repayable on demand.

Page 5

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,206		1,256

			9,206		1,256
CURRENT ASSETS
Debtors	5	43,325		18,484
Cash at bank and in hand		240,884		374,794

		284,209		393,278
Creditors: Amounts Falling Due Within One Year	6	14,043		(40,698 )

NET CURRENT ASSETS (LIABILITIES)			298,252		352,580

TOTAL ASSETS LESS CURRENT LIABILITIES			307,458		353,836

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,302 )		(271 )

NET ASSETS			305,156		353,565

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			305,146		353,555

SHAREHOLDERS' FUNDS			305,156		353,565