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Company Registration No. 11858790 (England and Wales)
MRG AUTO REPAIR LIMITED Unaudited accounts for the year ended 30 April 2024
MRG AUTO REPAIR LIMITED Unaudited accounts Contents
Page
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MRG AUTO REPAIR LIMITED Company Information for the year ended 30 April 2024
Director
GIGLIOLI, Marcos Rogerio
Company Number
11858790 (England and Wales)
Registered Office
54A Balena Close Creekmoor POOLE BH17 7DY ENGLAND
Accountants
Accurate Complete Accounting Ltd Upper Ground Floor Streate Place, St Peters Road Bournemouth Dorset BH1 2LT
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MRG AUTO REPAIR LIMITED Accountants' report
Accountants' report to the director of MRG AUTO REPAIR LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MRG AUTO REPAIR LIMITED for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MRG AUTO REPAIR LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MRG AUTO REPAIR LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MRG AUTO REPAIR LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MRG AUTO REPAIR LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MRG AUTO REPAIR LIMITED. You consider that MRG AUTO REPAIR LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MRG AUTO REPAIR LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accurate Complete Accounting Ltd Upper Ground Floor Streate Place, St Peters Road Bournemouth Dorset BH1 2LT 2 May 2024
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MRG AUTO REPAIR LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
91,127 
48,141 
Current assets
Inventories
25,000 
55,000 
Debtors
8,936 
5,131 
Cash at bank and in hand
31,064 
9,203 
65,000 
69,334 
Creditors: amounts falling due within one year
(95,272)
(100,583)
Net current liabilities
(30,272)
(31,249)
Total assets less current liabilities
60,855 
16,892 
Creditors: amounts falling due after more than one year
(15,000)
(3,153)
Net assets
45,855 
13,739 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
45,854 
13,738 
Shareholders' funds
45,855 
13,739 
For the year ending 30 April 2024 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 his 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 6 August 2024 and were signed on its behalf by
GIGLIOLI, Marcos Rogerio Director Company Registration No. 11858790
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MRG AUTO REPAIR LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MRG AUTO REPAIR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11858790. The registered office is 54A Balena Close, Creekmoor, POOLE, BH17 7DY, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
4500
Plant & machinery
12350
Motor vehicles
1500
Fixtures & fittings
1860
Other tangible fixed assets
1459
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MRG AUTO REPAIR LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
4,500 
19,710 
42,945 
12,018 
79,173 
Additions
- 
10,000 
- 
45,029 
55,029 
At 30 April 2024
4,500 
29,710 
42,945 
57,047 
134,202 
Depreciation
At 1 May 2023
2,602 
12,325 
11,094 
5,011 
31,032 
Charge for the year
475 
1,896 
7,963 
1,709 
12,043 
At 30 April 2024
3,077 
14,221 
19,057 
6,720 
43,075 
Net book value
At 30 April 2024
1,423 
15,489 
23,888 
50,327 
91,127 
At 30 April 2023
1,898 
7,385 
31,851 
7,007 
48,141 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
131 
Trade debtors
1,001 
- 
Accrued income and prepayments
2,935 
- 
Other debtors
5,000 
5,000 
8,936 
5,131 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21,750 
27,817 
VAT
5,491 
3,211 
Trade creditors
30,865 
19,591 
Taxes and social security
2,492 
790 
Loans from directors
25,341 
49,174 
Accruals
9,333 
- 
95,272 
100,583 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
3,153 
8
Average number of employees
During the year the average number of employees was 5 (2023: 2).
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