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REGISTERED NUMBER: 12458802 (England and Wales)














MGR Traditional Metal Roofing Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2022






MGR Traditional Metal Roofing Ltd (Registered number: 12458802)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MGR Traditional Metal Roofing Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTOR: M G Roach





SECRETARY:





REGISTERED OFFICE: 105 Hewett Road
Portsmouth
Hampshire
PO2 0QT





REGISTERED NUMBER: 12458802 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

MGR Traditional Metal Roofing Ltd (Registered number: 12458802)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,357 -

CURRENT ASSETS
Debtors 5 32,696 13,236
Cash at bank 1,095 -
33,791 13,236
CREDITORS
Amounts falling due within one year 6 15,350 9,173
NET CURRENT ASSETS 18,441 4,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,798

4,063

CREDITORS
Amounts falling due after more than one
year

7

2,917

-
NET ASSETS 21,881 4,063

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,880 4,062
SHAREHOLDERS' FUNDS 21,881 4,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MGR Traditional Metal Roofing Ltd (Registered number: 12458802)

Balance Sheet - continued
28 February 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





M G Roach - Director


MGR Traditional Metal Roofing Ltd (Registered number: 12458802)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

MGR Traditional Metal Roofing Ltd 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

MGR Traditional Metal Roofing Ltd (Registered number: 12458802)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 7,950 417 8,367
At 28 February 2022 7,950 417 8,367
DEPRECIATION
Charge for year 1,988 22 2,010
At 28 February 2022 1,988 22 2,010
NET BOOK VALUE
At 28 February 2022 5,962 395 6,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 9,736 -
Taxation recoverable 20,859 13,236
VAT 2,101 -
32,696 13,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 1,132
Hire purchase contracts 1,400 -
Trade creditors (1 ) (1 )
Taxation 12,540 3,240
Social security and other taxes - 3,729
Directors' current accounts 451 113
Accrued expenses 960 960
15,350 9,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 2,917 -