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Company Registration No. 10889205 (England and Wales)
MGJ DECORATING LTD Unaudited accounts for the year ended 5 April 2023
MGJ DECORATING LTD Unaudited accounts Contents
Page
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MGJ DECORATING LTD Company Information for the year ended 5 April 2023
Director
Eduardo ALMEIDA DOS SANTOS ROSA
Company Number
10889205 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU UNITED KINGDOM
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MGJ DECORATING LTD Statement of financial position as at 5 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,932 
3,574 
Current assets
Cash at bank and in hand
1,255 
4,595 
Creditors: amounts falling due within one year
(675)
(4,699)
Net current assets/(liabilities)
580 
(104)
Net assets
3,512 
3,470 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,511 
3,469 
Shareholders' funds
3,512 
3,470 
For the year ending 5 April 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 1 December 2023 and were signed on its behalf by
Eduardo ALMEIDA DOS SANTOS ROSA Director Company Registration No. 10889205
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MGJ DECORATING LTD Notes to the Accounts for the year ended 5 April 2023
1
Statutory information
MGJ DECORATING LTD is a private company, limited by shares, registered in England and Wales, registration number 10889205. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, UNITED KINGDOM.
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
Motor vehicles 
£ 
Cost or valuation
At cost 
At 6 April 2022
5,500 
At 5 April 2023
5,500 
Depreciation
At 6 April 2022
1,926 
Charge for the year
642 
At 5 April 2023
2,568 
Net book value
At 5 April 2023
2,932 
At 5 April 2022
3,574 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
160 
- 
Loans from directors
515 
4,699 
675 
4,699 
6
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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