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REGISTERED NUMBER: 10486991 (Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

MGR CONSTRUCTION & RENOVATION LTD

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MGR CONSTRUCTION & RENOVATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: M G Rowlands





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 10486991 (Wales)





ACCOUNTANTS: William Marshall & Co
Incorporated Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,363 17,225

CURRENT ASSETS
Stocks 5 2,875 833
Debtors 6 913 21,556
Cash at bank 53,646 16,086
57,434 38,475
CREDITORS
Amounts falling due within one year 7 26,771 21,857
NET CURRENT ASSETS 30,663 16,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,026

33,843

CAPITAL AND RESERVES
Called up share capital 8 125 125
Retained earnings 9 44,901 33,718
SHAREHOLDERS' FUNDS 45,026 33,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

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 26 August 2022 and were signed by:



M G Rowlands - Director


MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021


1. STATUTORY INFORMATION

MGR Construction & Renovation Ltd is a private company, limited by shares , registered in 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
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2020 - 1 ) .

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2020 1,800 19,302 21,102
Additions 1,475 - 1,475
At 30 November 2021 3,275 19,302 22,577
DEPRECIATION
At 1 December 2020 1,143 2,734 3,877
Charge for year 195 4,142 4,337
At 30 November 2021 1,338 6,876 8,214
NET BOOK VALUE
At 30 November 2021 1,937 12,426 14,363
At 30 November 2020 657 16,568 17,225

5. STOCKS
2021 2020
£    £   
Stocks 2,875 -
Work-in-progress - 833
2,875 833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 524 21,027
Prepayments 389 529
913 21,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 3,944 6,436
Corporation tax 6,579 2,575
VAT 4,166 2,591
Other creditors 743 686
Credit card 1,836 2,352
Directors' current accounts 5,045 5,792
Directors' loan accounts 2,908 365
Accrued expenses 1,550 1,060
26,771 21,857

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1.00 100 100
25 A ordinary £1.00 25 25
125 125

9. RESERVES
Retained
earnings
£   

At 1 December 2020 33,718
Profit for the year 25,183
Dividends (14,000 )
At 30 November 2021 44,901