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REGISTERED NUMBER: 11546394 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

MPG PROPERTY RENOVATIONS LTD

MPG PROPERTY RENOVATIONS LTD (Registered number: 11546394)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MPG PROPERTY RENOVATIONS LTD

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M P PEREIRA





SECRETARY: M P PEREIRA





REGISTERED OFFICE: 35 Cumberland Close
EPSOM
Surrey
KT19 9JP





REGISTERED NUMBER: 11546394 (England and Wales)





ACCOUNTANTS: A.B.K ACCOUNTANCY SERVICES
59 ASHEN GROVE
WIMBLEDON PARK
London
SW19 8BL

MPG PROPERTY RENOVATIONS LTD (Registered number: 11546394)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Stocks 2,963 10,401
Debtors 5 12,703 8,911
Cash at bank and in hand 5,540 29,475
21,206 48,787
CREDITORS
Amounts falling due within one year 6 5,189 25,889
NET CURRENT ASSETS 16,017 22,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,017

22,898

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,917 22,798
SHAREHOLDERS' FUNDS 16,017 22,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12 February 2024 and were signed by:





M P PEREIRA - Director


MPG PROPERTY RENOVATIONS LTD (Registered number: 11546394)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

MPG PROPERTY RENOVATIONS 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 19,730
DEPRECIATION
At 1 September 2022
and 31 August 2023 19,730
NET BOOK VALUE
At 31 August 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 12,703 8,911

MPG PROPERTY RENOVATIONS LTD (Registered number: 11546394)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 786 1,840
Tax - 1,430
Social security and other taxes 970 -
VAT - 96
Directors' current accounts 2,183 21,265
Accrued expenses 1,250 1,258
5,189 25,889