Registered number: 06959623 | ||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||
Prepared By: | ||||||||
M E Strom Limited | ||||||||
CPAA | ||||||||
333-335 | ||||||||
High Street | ||||||||
Bangor | ||||||||
Gwynedd | ||||||||
LL57 1YA |
MGC Ynys Mon Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
W Bayley- Williams | ||||||||
REGISTERED OFFICE | ||||||||
Anglesey | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06959623 | ||||||||
ACCOUNTANTS | ||||||||
M E Strom Limited | ||||||||
CPAA | ||||||||
333-335 | ||||||||
High Street | ||||||||
Bangor | ||||||||
Gwynedd | ||||||||
LL57 1YA |
MGC Ynys Mon Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28/02/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
MGC Ynys Mon Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Investment Assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
62,652 | 29,012 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (155,412) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | 309,986 | 263,687 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
MGC 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. 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. |
1c. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/03/2022 | 419,111 | 419,111 | |||||||
At 28/02/2023 | 419,111 | 419,111 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 28/02/2023 | 419,111 | 419,111 | |||||||
At 28/02/2022 | 419,111 | 419,111 | |||||||
The company's investment in its subsidiary companies represents the purchase of 100% of the issued share capital of M&G Windows Ynys Mon Limited, which supplies and installs windows and fittings, and 100% of the issued share capital of Cybi Building Plastics Limited, which supplies double glazing units etc. | |||||||||
At 28 February 2022, the aggregate of the share capital and reserves of M&G Windows Ynys Mon Limited was £201,247 (2021 £50,343), and its profit for the year then ended was £150,904 (2021 loss £62,212). | |||||||||
At 28 February 2022 the aggregate of the share capital and reserves of Cybi Building Plastics Limited was £389,100 (2021 £2306,500), and its profit for the year then ended was £82,600 (2021 profit £51,177). |
MGC Ynys Mon Limited | ||||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 15,000 | 20,000 | ||||||
Other debtors | 12 | 9,012 | ||||||
Directors current account | 153 | - | ||||||
15,165 | 29,012 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 28,808 | 27,230 | ||||||
VAT | 145 | 145 | ||||||
Directors current account | - | 192 | ||||||
Directors current account | 76 | 422 | ||||||
Directors current account | - | 2,309 | ||||||
Bank loans and overdrafts | - | 11,390 | ||||||
Accruals | 525 | 525 | ||||||
Amounts due to group companies | 142,211 | 142,211 | ||||||
171,765 | 184,424 | |||||||
5. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
6. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
12 | 12 | |||||||
12 | 12 | |||||||
MGC Ynys Mon Limited | ||||||||
7. CONTROLLING PARTY | ||||||||
The company is controlled by the directors, by virtue of their holding 100% of the company's issued share capital. | ||||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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