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REGISTERED NUMBER: 08649174 (England and Wales)














Financial Statements for the Year Ended 31 August 2023

for

MGM PD Limited

MGM PD Limited (Registered number: 08649174)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MGM PD Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr M Norden





REGISTERED OFFICE: Retreat House
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08649174 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

MGM PD Limited (Registered number: 08649174)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Stocks 22,000 31,000
Debtors 4 2,181 315
Cash at bank 667 1,291
24,848 32,606
CREDITORS
Amounts falling due within one year 5 9,246 10,352
NET CURRENT ASSETS 15,602 22,254
TOTAL ASSETS LESS CURRENT LIABILITIES 15,602 22,254

CREDITORS
Amounts falling due after more than one
year

6

12,559

19,636
NET ASSETS 3,043 2,618

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 3,031 2,606
SHAREHOLDERS' FUNDS 3,043 2,618

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.

MGM PD Limited (Registered number: 08649174)

Balance Sheet - continued
31 August 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 director and authorised for issue on 4 March 2024 and were signed by:





Mr M Norden - Director


MGM PD Limited (Registered number: 08649174)

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

1. STATUTORY INFORMATION

MGM PD Limited 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,996 -
Other debtors 185 315
2,181 315

MGM PD Limited (Registered number: 08649174)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 7,241 7,364
Trade creditors 349 -
Taxation and social security 47 153
Other creditors 1,609 2,835
9,246 10,352

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 12,559 19,636

7. RELATED PARTY DISCLOSURES

The director Mr M Norden is considered to be the key management personnel.

During the year the company conducted normal business activity with Just a Perfect Day Limited to which, Mr M Norden, is a director.