Company registration number 04601474 (England and Wales)
MGPS SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
MGPS SERVICES LTD
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
13,583
13,396
Current assets
177,961
177,666
Prepayments and accrued income
5,375
5,575
Creditors: amounts falling due within one year
(138,138)
(122,832)
Net current assets
45,198
60,409
Total assets less current liabilities
58,781
73,805
Creditors: amounts falling due after more than one year
(52,413)
(72,318)
Net assets
6,368
1,487
Capital and reserves
6,368
1,487
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year, advances to a director amounting to £43,071 (2022: £68,648). During the year £64.953 (2022: £28,300) was repaid to the company. The total outstanding at the year-end was £41,103 (2022: £62,985). Interest was charged at HMRC rates. The loan is repayable on demand.
2
Financial commitments, guarantees and contingencies
At the year end the company had outstanding commitments for future minimum lease payments under non-cancellable leases totaling £194,583 (2022: £62,831)
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
5
5
MGPS Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 9 Bank Road, Kingswood, Bristol, BS15 8LS.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
MGPS SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 9 October 2023 and are signed on its behalf by:
..............................................
Mr SJ Goddard
Director
Company registration number 04601474 (England and Wales)