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
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
MG & ASP LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
4,746
2,464
Cash at bank and in hand
797
1,008
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
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
MG & ASP LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Amounts falling due within one year
Trade debtors
26,611
7,764
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
-
7
Average number of employees
During the year the average number of employees was 21 (2022: 14).