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Company Registration No. 11887664 (England and Wales)
MG & ASP LIMITED Unaudited accounts for the year ended 31 March 2023
MG & ASP LIMITED Unaudited accounts Contents
Page
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MG & ASP LIMITED Company Information for the year ended 31 March 2023
Director
Malvina Afonso ARAGAO
Company Number
11887664 (England and Wales)
Registered Office
COLLENT HOUSE COLLENT STREET FLAT 5 LONDON E9 6SQ UNITED KINGDOM
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MG & ASP LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,746 
2,464 
Current assets
Debtors
31,917 
13,070 
Cash at bank and in hand
797 
1,008 
32,714 
14,078 
Creditors: amounts falling due within one year
(76,180)
(8,656)
Net current (liabilities)/assets
(43,466)
5,422 
Net (liabilities)/assets
(38,720)
7,886 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(38,820)
7,786 
Shareholders' funds
(38,720)
7,886 
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 her 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 31 January 2024 and were signed on its behalf by
Malvina Afonso ARAGAO Director Company Registration No. 11887664
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MG & ASP LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MG & ASP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11887664. The registered office is COLLENT HOUSE COLLENT STREET, FLAT 5, LONDON, E9 6SQ, 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:
Plant & machinery
33% of Net Book Value
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
11,946 
Additions
4,620 
At 31 March 2023
16,566 
Depreciation
At 1 April 2022
9,482 
Charge for the year
2,338 
At 31 March 2023
11,820 
Net book value
At 31 March 2023
4,746 
At 31 March 2022
2,464 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,611 
7,764 
Other debtors
5,306 
5,306 
31,917 
13,070 
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MG & ASP LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,493 
6,493 
Taxes and social security
1,161 
1,161 
Loans from directors
67,426 
- 
Accruals
1,100 
1,002 
76,180 
8,656 
7
Average number of employees
During the year the average number of employees was 21 (2022: 14).
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