MG Building Limited Filleted Accounts Cover
MG Building Limited
Company No. 14095453
Information for Filing with The Registrar
31 May 2023
MG Building Limited Directors Report Registrar
The Director presents his report and the accounts for the period ended 31 May 2023.
Principal activities
The principal activity of the company during the period under review was General Construction.
Director
The Director who served at any time during the period was as follows:
M. Grigorita
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M. Grigorita
Director
31 May 2023
MG Building Limited Balance Sheet Registrar
at
31 May 2023
Company No.
14095453
Notes
2023
£
Current assets
Cash at bank and in hand
95
95
Creditors: Amount falling due within one year
4
(18)
Net current assets
77
Total assets less current liabilities
77
Net assets
77
Capital and reserves
Called up share capital
1
Profit and loss account
5
76
Total equity
77
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 May 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 May 2023 and signed on its behalf by:
M. Grigorita
Director
31 May 2023
MG Building Limited Notes to the Accounts Registrar
for the period ended 31 May 2023
1
General information
MG Building Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14095453
Its registered office is:
2 Longhayes Avenue
Romford
RM6 5HD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
3
Employees
2023
Number
The average monthly number of employees (including directors) during the period:
1
4
Creditors:
amounts falling due within one year
2023
£
Taxes and social security
18
18
5
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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