Company registration number 12239728 (England and Wales)
MGS Global Services Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2023
PAGES FOR FILING WITH REGISTRAR
MGS Global Services Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
MGS Global Services Limited
Statement Of Financial Position
as at 31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
964
3,510
Creditors: amounts falling due within one year
4
(480)
(2,725)
Net current assets
484
785
Capital and reserves
Called up share capital
Profit and loss reserves
484
785
Total equity
484
785
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 July 2024
M G Stock
Director
Company registration number 12239728 (England and Wales)
MGS Global Services Limited
Notes to the financial statements
for the year ended 31 October 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, the principal accounting policies are set out below.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
964
3,510
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,005
Accruals and deferred income
480
720
480
2,725
5
Company information
MGS Global Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Raths-Ryg, Shepherds Thorn Lane, Brighouse, West Yorkshire, HD6 3TT.