02838609falsethe supply and installation of windows and window fittings2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director22022-03-012023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-02-28http://www.companieshouse.gov.uk/cd:Director32022-03-012023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02838609

M & G Windows Ynys Mon Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

M & G Windows Ynys Mon Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
G A Jones
I M Jones
A Chambers
REGISTERED OFFICE
Unit 1
Gaerwen Industrial Estate
Gaerwen
Anglesey
LL60 6HR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02838609
ACCOUNTANTS
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

M & G Windows Ynys Mon Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

M & G Windows Ynys Mon Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets257,87450,228
CURRENT ASSETS
Stock55,90055,489
Debtors4296,657228,454
Cash at bank and in hand282,477249,876
635,034533,819
CREDITORS: Amounts falling due within one year5287,489300,825
NET CURRENT ASSETS347,545232,994
TOTAL ASSETS LESS CURRENT LIABILITIES405,419283,222
CREDITORS: Amounts falling due after more than one year647,24872,432
PROVISIONS FOR LIABILITIES AND CHARGES810,9969,543
NET ASSETS347,175201,247
CAPITAL AND RESERVES
Called up share capital91,0001,000
Profit and loss account346,175200,247
SHAREHOLDERS' FUNDS347,175201,247
For the year ending 28/02/2023 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/09/2023 and signed on their behalf by
.............................
I M Jones
Director

M & G Windows Ynys Mon Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

M & G Windows Ynys Mon Limited

2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/03/2022253,270185,15316,658455,081
Additions-26,995-26,995
At 28/02/2023253,270212,14816,658482,076
Depreciation
At 01/03/2022253,270134,92616,657404,853
For the year-19,349-19,349
At 28/02/2023253,270154,27516,657424,202
Net Book Amounts
At 28/02/2023-57,873157,874
At 28/02/2022-50,227150,228
The net book value of commercial vehicles includes £6,814 (2022 - £15,961) in respect of assets held under hire purchase agreements. The amount of depreciation charged on these assets was £2,271 (2022 - £5,319).
3. STOCK 20232022
££
Stock comprises:
Work in progress55,90055,489
55,90055,489
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors228,083159,004
VAT1,774-
Other debtors66,70069,300
Prepayments100150
296,657228,454

M & G Windows Ynys Mon Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax30,85235,439
VAT-22,129
PAYE control5,8847,834
Salaries and wages control5,4876,731
Directors current account200200
Bank Loan20,24920,249
Credit card3821,995
Hire purchase5,02510,710
Trade creditors74,70654,794
Other creditors142,604138,644
Accruals2,1002,100
287,489300,825
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr47,24867,497
Hire purchase >1yr-4,935
47,24872,432
7. EMPLOYEES
20232022
No.No.
Average number of employees1513
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation10,9969,543
10,9969,543

M & G Windows Ynys Mon Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Class 1 shares of £1.00 each10001000
1,0001,000
10. CONTROLLING PARTY
The company is a wholly owned subsidiary of MGC Ynys Mon Limited
11. RELATED PARTY TRANSACTIONS
Cybi Building Plastics Limited is a wholly owned subsidiary of MGC Ynys Mon Limited. During the year, the company made sales of £26,078 (2022 - £27,927) to Cybi Building Plastics Limited and purchases of £9,261 (2022 - £236,663) from Cybi Building Plastics Limited. At 28 February 2022, the balance due from Cybi Building Plastics Limited was £16,817 (2022 debtor - £829).
The company is a wholly owned subsidiary of MGC Ynys Mon Limited. During the year, the company paid management charges of £110,000 (2022- £1209,000) to MGC Ynys Mon Ltd. At 28 February 2022, the balance due from MGC Ynys Mon Ltd was £52,950 (2022 - £74,950).