MPG Maintenance Property Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

MPG Maintenance Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08892673 . The registered office is Unit E56 Parliament Business Park, Commerce Way, Liverpool, Merseyside, L8 7BA.

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 and machinery	15% straight line
Motor vehicles	33% straight line
Computer equipment	33% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

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MPG Maintenance Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

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

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2025: 7)

4. Tangible Assets

	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
As at 1 August 2025	55,961	89,937	1,500	147,398
Additions	-	4,500	-	4,500
Disposals	(43,987 )	(4,250 )	(1,500 )	(49,737 )

As at 31 July 2026	11,974	90,187	-	102,161

...CONTINUED

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MPG Maintenance Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

Depreciation
As at 1 August 2025	12,419	44,103	1,500	58,022
Provided during the period	1,421	25,307	-	26,728
Disposals	(8,056 )	(4,208 )	(1,500 )	(13,764 )

As at 31 July 2026	5,784	65,202	-	70,986

Net Book Value
As at 31 July 2026	6,190	24,985	-	31,175

As at 1 August 2025	43,542	45,834	-	89,376

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor vehicles	19,341	38,114

5. Stocks

	2026	2025
	£	£
Stock	1,824	3,225

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	53,762	99,757
Prepayments and accrued income	1,475	1,138
Amounts owed by group undertakings	73,534	21,384

	128,771	122,279

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,176	6,576
Bank loans and overdrafts	3,812	3,819
Corporation tax	23,189	30,536
Other taxes and social security	3,544	5,831
VAT	33,586	42,457
Other creditors	3,621	3,103
Accruals and deferred income	1,311	765
Directors' loan accounts	1,139	1,511

	74,378	94,598

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MPG Maintenance Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	31,056	35,750
Bank loans	22,599	26,402

	53,655	62,152

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,176	6,576
Later than one year and not later than five years	16,705	17,223
Later than five years	14,351	18,527

	35,232	42,326

	35,232	42,326

10. Share Capital

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

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	3,300	6,000
Later than one year and not later than five years	6,600	-

	9,900	6,000

12. Related Party Transactions

The following related party transactions were undertaken during the year:

Dividends were paid to the directors in respect of their shareholdings totalling £65,700 (2025: £64,000).

The aggregate remuneration paid to key management personnel for the year was £44,528 (2025: £39,372 ).

During the period a director withdrew £50,800 and introduced capital of £50,078 (2025: withdrew £3,364 and introduced capital of £58,606). At the balance sheet date the amounts owed to the director from the company totalled £340 (2025: £1,062).

During the period a director withdrew £36,700 and introduced capital of £37,090 (2025: withdrew £5,000 and introduced capital of £22,306). At the balance sheet date the amounts owed to the director from the company totalled £619 (2025: £229).

During the period a director withdrew £5,260 and introduced capital of £5,220 (2025: withdrew £4,600 and introduced capital of £4,820). At the balance sheet date the amounts owed to the director from the company totalled £180 (2025: £220).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,175		89,376

			31,175		89,376
CURRENT ASSETS
Stocks	5	1,824		3,225
Debtors	6	128,771		122,279
Cash at bank and in hand		95,897		93,359

		226,492		218,863
Creditors: Amounts Falling Due Within One Year	7	(74,378 )		(94,598 )

NET CURRENT ASSETS (LIABILITIES)			152,114		124,265

TOTAL ASSETS LESS CURRENT LIABILITIES			183,289		213,641

Creditors: Amounts Falling Due After More Than One Year	8		(53,655 )		(62,152 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,081 )		(19,631 )

NET ASSETS			124,553		131,858

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			124,543		131,848

SHAREHOLDERS' FUNDS			124,553		131,858