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Company Registration No. 13253331 (England and Wales)
MGB Developments MK Ltd Unaudited accounts for the year ended 31 March 2023
MGB Developments MK Ltd Unaudited accounts Contents
Page
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MGB Developments MK Ltd Company Information for the year ended 31 March 2023
Director
Mr G Rawlings
Company Number
13253331 (England and Wales)
Registered Office
Unit 4 Cross Roads Garage Little Horwood Buckinghamshire MK17 0PX
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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MGB Developments MK Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,047 
17,495 
Current assets
Inventories
25,000 
25,000 
Debtors
65,084 
30,216 
Cash at bank and in hand
105 
3,838 
90,189 
59,054 
Creditors: amounts falling due within one year
(43,078)
(53,613)
Net current assets
47,111 
5,441 
Total assets less current liabilities
76,158 
22,936 
Provisions for liabilities
Deferred tax
(5,520)
(3,329)
Net assets
70,638 
19,607 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
70,637 
19,606 
Shareholders' funds
70,638 
19,607 
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
Mr G Rawlings Director Company Registration No. 13253331
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MGB Developments MK Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MGB Developments MK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13253331. The registered office is Unit 4, Cross Roads Garage, Little Horwood, Buckinghamshire, MK17 0PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
3,238 
20,000 
90 
23,328 
Additions
15,029 
6,000 
206 
21,235 
At 31 March 2023
18,267 
26,000 
296 
44,563 
Depreciation
At 1 April 2022
810 
5,000 
23 
5,833 
Charge for the year
4,364 
5,250 
69 
9,683 
At 31 March 2023
5,174 
10,250 
92 
15,516 
Net book value
At 31 March 2023
13,093 
15,750 
204 
29,047 
At 31 March 2022
2,428 
15,000 
67 
17,495 
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MGB Developments MK Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,537 
24,247 
Accrued income and prepayments
2,547 
547 
Other debtors
- 
5,422 
65,084 
30,216 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
24,187 
36,324 
Taxes and social security
12,530 
15,789 
Other creditors
4,761 
- 
Accruals
1,600 
1,500 
43,078 
53,613 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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