IRIS Accounts Production v22.2.0.402 04300956 director 1.5.21 30.4.22 30.4.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043009562021-04-30043009562022-04-30043009562021-05-012022-04-30043009562020-04-30043009562020-05-012021-04-30043009562021-04-3004300956ns15:PoundSterling2021-05-012022-04-3004300956ns11:Director12021-05-012022-04-3004300956ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3004300956ns11:SmallEntities2021-05-012022-04-3004300956ns11:AuditExempt-NoAccountantsReport2021-05-012022-04-3004300956ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3004300956ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3004300956ns11:FullAccounts2021-05-012022-04-3004300956ns11:RegisteredOffice2021-05-012022-04-3004300956ns6:CurrentFinancialInstruments2022-04-3004300956ns6:CurrentFinancialInstruments2021-04-3004300956ns6:Non-currentFinancialInstruments2022-04-3004300956ns6:Non-currentFinancialInstruments2021-04-3004300956ns6:ShareCapital2022-04-3004300956ns6:ShareCapital2021-04-3004300956ns6:RetainedEarningsAccumulatedLosses2022-04-3004300956ns6:RetainedEarningsAccumulatedLosses2021-04-3004300956ns6:PlantMachinery2021-05-012022-04-3004300956ns6:PlantMachinery2021-04-3004300956ns6:FurnitureFittings2021-04-3004300956ns6:FurnitureFittings2021-05-012022-04-3004300956ns6:PlantMachinery2022-04-3004300956ns6:FurnitureFittings2022-04-3004300956ns6:PlantMachinery2021-04-3004300956ns6:FurnitureFittings2021-04-3004300956ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3004300956ns6:WithinOneYearns6:CurrentFinancialInstruments2021-04-3004300956ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-04-3004300956ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-04-30
REGISTERED NUMBER: 04300956















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

MG SITE FABRICATIONS LIMITED

MG SITE FABRICATIONS LIMITED (REGISTERED NUMBER: 04300956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MG SITE FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: Mr M J Graham





REGISTERED OFFICE: 21 Petersfield Road
Duxford
Cambridgeshire
CB22 4SF





REGISTERED NUMBER: 04300956





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Shenfield, Brentwood
Essex
CM13 1AB

MG SITE FABRICATIONS LIMITED (REGISTERED NUMBER: 04300956)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,955 22,187

CURRENT ASSETS
Debtors 5 84,395 -
Cash at bank and in hand 90,002 246,823
174,397 246,823
CREDITORS
Amounts falling due within one year 6 (21,251 ) 34,274
NET CURRENT ASSETS 195,648 212,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,603

234,736

CREDITORS
Amounts falling due after more than one
year

7

(161,371

)

(176,000

)

PROVISIONS FOR LIABILITIES (11,058 ) (11,058 )
NET ASSETS 51,174 47,678

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,074 47,578
SHAREHOLDERS' FUNDS 51,174 47,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

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

MG SITE FABRICATIONS LIMITED (REGISTERED NUMBER: 04300956)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





Mr M J Graham - Director


MG SITE FABRICATIONS LIMITED (REGISTERED NUMBER: 04300956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1. STATUTORY INFORMATION

MG Site Fabrications Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

MG SITE FABRICATIONS LIMITED (REGISTERED NUMBER: 04300956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2021 77,346 11,249 88,595
Additions 14,990 - 14,990
At 30 April 2022 92,336 11,249 103,585
DEPRECIATION
At 1 May 2021 55,879 10,529 66,408
Charge for year 9,114 108 9,222
At 30 April 2022 64,993 10,637 75,630
NET BOOK VALUE
At 30 April 2022 27,343 612 27,955
At 30 April 2021 21,467 720 22,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 50,794 -
VAT 33,601 -
84,395 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 2,313 -
Hire purchase contracts 5,729 8,448
Trade creditors - (1 )
Tax 32,954 70,776
Social security and other taxes (67,497 ) (88,037 )
VAT - 38,088
Accruals and deferred income 5,250 5,000
(21,251 ) 34,274

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other loans - 2-5 years 161,371 176,000