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Company Registration No. 12484771 (England and Wales)
MGM BATHROOMS LTD Unaudited accounts for the year ended 28 February 2023
MGM BATHROOMS LTD Unaudited accounts Contents
Page
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MGM BATHROOMS LTD Company Information for the year ended 28 February 2023
Director
Mark Mcauley
Company Number
12484771 (England and Wales)
Registered Office
UNIT 19 CUNLIFFE DRIVE INDUSTRIAL ESTATE CUNLIFFE DRIVE KETTERING NORTHAMPTONSHIRE NN16 8LD ENGLAND
Accountants
Nineteen Accountants Limited 207 Rockingham Road Kettering United Kingdom NN16 9JA
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MGM BATHROOMS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,593 
6,521 
Current assets
Inventories
25,000 
10,000 
Debtors
5,200 
7,784 
Cash at bank and in hand
55,473 
37,177 
85,673 
54,961 
Creditors: amounts falling due within one year
(85,476)
(81,430)
Net current assets/(liabilities)
197 
(26,469)
Net assets/(liabilities)
5,790 
(19,948)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,690 
(20,048)
Shareholders' funds
5,790 
(19,948)
For the year ending 28 February 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 28 November 2023 and were signed on its behalf by
Mark Mcauley Director Company Registration No. 12484771
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MGM BATHROOMS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
MGM BATHROOMS LTD is a private company, limited by shares, registered in England and Wales, registration number 12484771. The registered office is UNIT 19 CUNLIFFE DRIVE INDUSTRIAL ESTATE, CUNLIFFE DRIVE, KETTERING, NORTHAMPTONSHIRE, NN16 8LD, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
7,434 
1,220 
29 
8,683 
At 28 February 2023
7,434 
1,220 
29 
8,683 
Depreciation
At 1 March 2022
1,933 
221 
8 
2,162 
Charge for the year
825 
100 
3 
928 
At 28 February 2023
2,758 
321 
11 
3,090 
Net book value
At 28 February 2023
4,676 
899 
18 
5,593 
At 28 February 2022
5,501 
999 
21 
6,521 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
325 
2,909 
Other debtors
4,875 
4,875 
5,200 
7,784 
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MGM BATHROOMS LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
10,109 
10,109 
Taxes and social security
23 
- 
Loans from directors
74,764 
70,741 
Accruals
580 
580 
85,476 
81,430 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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