REGISTERED NUMBER: 05530547 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

M G ELECTRICAL SERVICES (BOLTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M D Guffogg

Ms D L McCue

SECRETARY:

Ms D L McCue

REGISTERED OFFICE:

2 Broad Meadow

Bromley Cross

Bolton

Lancashire

BL7 9AY

REGISTERED NUMBER:

05530547 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

BANKERS:

Lloyds TSB Bank plc

Hotel Street

Bolton

Lancashire

BL1 1DB

FIXED ASSETS

Tangible assets

5

51,775

54,575

CURRENT ASSETS

Debtors

6

120,128

246,982

Cash at bank

395,685

295,573

515,813

542,555

CREDITORS

Amounts falling due within one year

7

93,916

137,469

NET CURRENT ASSETS

421,897

405,086

TOTAL ASSETS LESS CURRENT LIABILITIES

473,672

459,661

CREDITORS

Amounts falling due after more than one year

8

-

(15,498

)

PROVISIONS FOR LIABILITIES

(9,837

)

(10,369

)

NET ASSETS

463,835

433,794

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

463,735

433,694

SHAREHOLDERS' FUNDS

463,835

433,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 October 2026 and were signed on its behalf by:

M D Guffogg - Director

Ms D L McCue - Director

1.	STATUTORY INFORMATION

M G Electrical Services (Bolton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

28,836

109,978

138,814

Additions

1,966

11,250

13,216

Disposals

-

(11,562

)

(11,562

)

At 31 December 2025

30,802

109,666

140,468

DEPRECIATION

At 1 January 2025

19,434

64,805

84,239

Charge for year

1,705

14,036

15,741

Eliminated on disposal

-

(11,287

)

(11,287

)

At 31 December 2025

21,139

67,554

88,693

NET BOOK VALUE

At 31 December 2025

9,663

42,112

51,775

At 31 December 2024

9,402

45,173

54,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

30,350

145,290

Other debtors

65,418

90,000

Directors current account

-

8,583

VAT

19,840

-

Prepayments

4,520

3,109

120,128

246,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other loans

5,000

14,972

Hire purchase contracts

15,498

3,925

Trade creditors

5,280

10,767

Tax

58,432

46,182

Social security and other taxes

1,443

2,208

VAT

-

21,727

Directors current account

463

30,288

Accrued expenses

7,800

7,400

93,916

137,469

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

15,498

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £144,000 (2024 - £161,000) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M D Guffogg.