Company Registration No. 10540828 (England and Wales)
MGU Logistics Ltd
Unaudited accounts
for the year ended 31 December 2022
MGU Logistics Ltd
Unaudited accounts
Contents
MGU Logistics Ltd
Company Information
for the year ended 31 December 2022
Director
Ghulam Mustafa Ijaz
Company Number
10540828 (England and Wales)
Registered Office
99-101 WOLSELEY ROAD
SOUTH YORKSHIRE
SHEFFIELD
S8 0ZT
UNITED KINGDOM
MGU Logistics Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
597,416
647,642
Cash at bank and in hand
48,500
1,765
Creditors: amounts falling due within one year
(23,533)
(51,186)
Net current assets
94,070
127,301
Total assets less current liabilities
691,486
774,943
Creditors: amounts falling due after more than one year
(550,122)
(642,368)
Net assets
141,364
132,575
Called up share capital
100
100
Profit and loss account
141,264
132,475
Shareholders' funds
141,364
132,575
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2023 and were signed on its behalf by
Ghulam Mustafa Ijaz
Director
Company Registration No. 10540828
MGU Logistics Ltd
Notes to the Accounts
for the year ended 31 December 2022
MGU Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10540828. The registered office is 99-101 WOLSELEY ROAD, SOUTH YORKSHIRE, SHEFFIELD, S8 0ZT, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Total
At 31 December 2022
781,309
Charge for the year
50,226
At 31 December 2022
183,893
At 31 December 2022
597,416
At 31 December 2021
647,642
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Average number of employees
During the year the average number of employees was 5 (2021: 5).