MCG RETAIL SERVICES LIMITED

Company Registration Number:
08123667 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

MCG RETAIL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MCG RETAIL SERVICES LIMITED

Company Information

for the Period Ended 31 December 2022




Director: Anthony Johnson
Registered office: 75
High Street
Gravesend
England
DA11 0BH
Company Registration Number: 08123667 (England and Wales)

MCG RETAIL SERVICES LIMITED

Directors' Report Period Ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal Activities

Online Garden Center selling gardenproducts to retail and trade

Directors

The directors shown below have held office during the whole of the period from 01 January 2022 to 31 December 2022
Anthony Johnson

This report was approved by the board of directors on 30 March 2023
And Signed On Behalf Of The Board By:

Name: Anthony Johnson
Status: Director

MCG RETAIL SERVICES LIMITED

Profit and Loss Account

for the Period Ended 31 December 2022


Notes

2022
£

2021
£
Turnover 1,553,247 1,962,485
Cost of sales ( 1,118,669 ) ( 1,569,979 )
Gross Profit or (Loss) 434,578 392,506
Distribution Costs ( 152,722 ) ( 173,777 )
Administrative Expenses ( 279,609 ) ( 216,177 )
Operating Profit or (Loss) 2,247 2,552
Profit or (Loss) Before Tax 2,247 2,552
Tax on Profit ( 427 ) ( 485 )
Profit or (Loss) for Period 1,820 2,067

The notes form part of these financial statements

MCG RETAIL SERVICES LIMITED

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Intangible assets: 4 551,241 494,171
Tangible assets: 5 202,446 201,093
Total fixed assets: 753,687 695,264
Current assets
Stocks: 116,472 66,556
Debtors: 6 0 0
Cash at bank and in hand: 306,538 352,349
Total current assets: 423,010 418,905
Creditors: amounts falling due within one year: 7 ( 20,569 ) ( 28,649 )
Net current assets (liabilities): 402,441 390,256
Total assets less current liabilities: 1,156,128 1,085,520
Creditors: amounts falling due after more than one year: 8 ( 200,000 ) ( 200,000 )
Total net assets (liabilities): 956,128 885,520

The notes form part of these financial statements

MCG RETAIL SERVICES LIMITED

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 9 954,208 883,352
Profit and loss account: 1,820 2,068
Shareholders funds: 956,128 885,520

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 March 2023
And Signed On Behalf Of The Board By:

Name: Anthony Johnson
Status: Director

The notes form part of these financial statements

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 15 15

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Intangible assets

Other Total
Cost £ £
At 01 January 2022 494,171 494,171
Additions 57,070 57,070
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2022 551,241 551,241
Amortisation
Amortisation at 01 January 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 December 2022 - -
Net book value
Net book value at 31 December 2022 551,241 551,241
Net book value at 31 December 2021 494,171 494,171

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 January 2022 54,104 2,200 55,292 157,259 268,855
Additions - 6,984 - - 6,984
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 31 December 2022 54,104 9,184 55,292 157,259 275,839
Depreciation
At 01 January 2022 19,954 681 9,689 37,438 67,762
Charge for year 868 739 81 3,943 5,631
On disposals - - - - -
Other adjustments - - - - -
At 31 December 2022 20,822 1,420 9,770 41,381 73,393
Net book value
At 31 December 2022 33,282 7,764 45,522 115,878 202,446
At 31 December 2021 34,150 1,519 45,603 119,821 201,093

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Debtors


2022
£

2021
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7.Creditors: amounts falling due within one year note


2022
£

2021
£
Trade creditors 20,569 28,649
Total 20,569 28,649

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 200,000 200,000
Total 200,000 200,000

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

9. Revaluation reserve


2022
£
Balance at 01 January 2022 883,352
Surplus or deficit after revaluation 70,856
Balance at 31 December 2022 954,208