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REGISTERED NUMBER: 07270555 (England and Wales)












Financial Statements

for the Year Ended 30th June 2023

for

MPG CONSTRUCTION LTD

MPG CONSTRUCTION LTD (REGISTERED NUMBER: 07270555)

Contents of the Financial Statements
for the year ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPG CONSTRUCTION LTD

Company Information
for the year ended 30th June 2023







DIRECTORS: M P Gallagher
Ms N O Grimes





SECRETARIES: M P Gallagher
Ms N O Grimes





REGISTERED OFFICE: 61 Pear Tree Walk
Cheshunt
Hertfordshire
EN7 6RG





REGISTERED NUMBER: 07270555 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

MPG CONSTRUCTION LTD (REGISTERED NUMBER: 07270555)

Balance Sheet
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,827 4,705

CURRENT ASSETS
Debtors 5 13,703 12,648
Cash at bank 6,153 34,719
19,856 47,367
CREDITORS
Amounts falling due within one year 6 21,982 25,110
NET CURRENT (LIABILITIES)/ASSETS (2,126 ) 22,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,701

26,962

PROVISIONS FOR LIABILITIES 1,543 894
NET ASSETS 158 26,068

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 58 25,968
SHAREHOLDERS' FUNDS 158 26,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MPG CONSTRUCTION LTD (REGISTERED NUMBER: 07270555)

Balance Sheet - continued
30th June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2023 and were signed on its behalf by:





M P Gallagher - Director


MPG CONSTRUCTION LTD (REGISTERED NUMBER: 07270555)

Notes to the Financial Statements
for the year ended 30th June 2023


1. STATUTORY INFORMATION

MPG CONSTRUCTION LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

MPG CONSTRUCTION LTD (REGISTERED NUMBER: 07270555)

Notes to the Financial Statements - continued
for the year ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 - 489 14,875 9,511 24,875
Additions 421 - - - 421
At 30th June 2023 421 489 14,875 9,511 25,296
DEPRECIATION
At 1st July 2022 - 271 11,568 8,331 20,170
Charge for year 105 73 826 295 1,299
At 30th June 2023 105 344 12,394 8,626 21,469
NET BOOK VALUE
At 30th June 2023 316 145 2,481 885 3,827
At 30th June 2022 - 218 3,307 1,180 4,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 6,751 12,263
Directors' current accounts 5,273 -
VAT 1,679 385
13,703 12,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 2,051 2,051
Tax 12,161 19,180
Social security and other taxes 6,413 2,497
Directors' current accounts - 80
Accrued expenses 1,357 1,302
21,982 25,110

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
100 Ordinary £1 100 100

MPG CONSTRUCTION LTD (REGISTERED NUMBER: 07270555)

Notes to the Financial Statements - continued
for the year ended 30th June 2023


8. ULTIMATE CONTROLLING PARTY

The controlling party is M P Gallagher.