REGISTERED NUMBER: 13706677 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MGC DEVELOPMENTS LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Report of the Accountants

8

DIRECTORS:

Mr M G Cole

Mrs M Cole

REGISTERED OFFICE:

Unit 4

The Swan Business Park Stephen Way

Warminster Business Park

Warminster

BA12 8GH

REGISTERED NUMBER:

13706677 (England and Wales)

ACCOUNTANTS:

SMH Taxation and Accountancy Ltd

16 Kipling Avenue

Bath

Somerset

BA2 4RB

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

Mr M G Cole

Mrs M Cole

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs M Cole - Director

18 September 2026

FIXED ASSETS

Tangible assets

4

257,564

174,743

Investments

5

7,000

3,000

264,564

177,743

CURRENT ASSETS

Debtors

6

316,861

182,363

Cash at bank

161,036

69,733

477,897

252,096

CREDITORS

Amounts falling due within one year

7

(308,822

)

(209,653

)

NET CURRENT ASSETS

169,075

42,443

TOTAL ASSETS LESS CURRENT LIABILITIES

433,639

220,186

CREDITORS

Amounts falling due after more than one year

8

(143,782

)

(107,023

)

NET ASSETS

289,857

113,163

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

289,755

113,061

289,857

113,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 18 September 2026 and were signed on its behalf by:

Mr M G Cole - Director

1.	STATUTORY INFORMATION

MGC Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

184,064

2,324

667

187,055

Additions

96,658

2,251

1,315

100,224

Disposals

(5,520

)

-

-

(5,520

)

At 31 March 2026

275,202

4,575

1,982

281,759

DEPRECIATION

At 1 April 2025

11,564

581

167

12,312

Charge for year

10,430

999

454

11,883

At 31 March 2026

21,994

1,580

621

24,195

NET BOOK VALUE

At 31 March 2026

253,208

2,995

1,361

257,564

At 31 March 2025

172,500

1,743

500

174,743

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 April 2025

and 31 March 2026

7,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

270,989

154,999

Directors' current accounts

37,576

-

VAT

-

17,818

Prepayments and accrued income

8,296

9,546

316,861

182,363

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

36,999

35,287

Trade creditors

65,952

37,279

Tax

56,571

-

Social security and other taxes

7,087

8,716

VAT

49,915

-

Directors' current accounts

-

96,871

Accruals and deferred income

92,298

31,500

308,822

209,653

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

143,782

107,023

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 Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

SMH Taxation and Accountancy Ltd

16 Kipling Avenue

Bath

Somerset

BA2 4RB

Date: .............................................