Silverfin true 31/03/2023 01/04/2022 31/03/2023 D L Griggs 12/09/2005 15 October 2023 no description of principal activity 05560583 2023-03-31 05560583 bus:Director1 2023-03-31 05560583 2022-03-31 05560583 core:CurrentFinancialInstruments 2023-03-31 05560583 core:CurrentFinancialInstruments 2022-03-31 05560583 core:ShareCapital 2023-03-31 05560583 core:ShareCapital 2022-03-31 05560583 core:RetainedEarningsAccumulatedLosses 2023-03-31 05560583 core:RetainedEarningsAccumulatedLosses 2022-03-31 05560583 core:OtherPropertyPlantEquipment 2022-03-31 05560583 core:OtherPropertyPlantEquipment 2023-03-31 05560583 2022-04-01 2023-03-31 05560583 bus:FullAccounts 2022-04-01 2023-03-31 05560583 bus:SmallEntities 2022-04-01 2023-03-31 05560583 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05560583 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05560583 bus:Director1 2022-04-01 2023-03-31 05560583 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: 05560583 (England and Wales)

M G DECORATING (BOURNEMOUTH) LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

M G DECORATING (BOURNEMOUTH) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

M G DECORATING (BOURNEMOUTH) LTD

BALANCE SHEET

As at 31 March 2023
M G DECORATING (BOURNEMOUTH) LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 336 336
336 336
Current assets
Debtors 4 31,530 31,530
Cash at bank and in hand 10,431 10,431
41,961 41,961
Creditors: amounts falling due within one year 5 ( 41,786) ( 41,786)
Net current assets 175 175
Total assets less current liabilities 511 511
Net assets 511 511
Capital and reserves
Called-up share capital 2 2
Profit and loss account 509 509
Total shareholder's funds 511 511

M G Decorating (Bournemouth) Ltd (registered number: 05560583) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of M G Decorating (Bournemouth) Ltd (registered number: 05560583) were approved and authorised for issue by the Director on 15 October 2023. They were signed on its behalf by:

D L Griggs
Director
M G DECORATING (BOURNEMOUTH) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
M G DECORATING (BOURNEMOUTH) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M G Decorating (Bournemouth) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rose Cottage, 118 High Street, Sturminster Marshall, BH21 4AZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 7,318 7,318
At 31 March 2023 7,318 7,318
Accumulated depreciation
At 01 April 2022 6,982 6,982
At 31 March 2023 6,982 6,982
Net book value
At 31 March 2023 336 336
At 31 March 2022 336 336

4. Debtors

2023 2022
£ £
Trade debtors 7,173 7,173
Other debtors 24,357 24,357
31,530 31,530

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 843 843
Taxation and social security 37,327 37,327
Other creditors 3,616 3,616
41,786 41,786