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
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
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
MRG AUTO REPAIR LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
91,127
48,141
Cash at bank and in hand
31,064
9,203
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)
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
MRG AUTO REPAIR LIMITED
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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:
Other tangible fixed assets
1459
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
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
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
Amounts falling due within one year
Accrued income and prepayments
2,935
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
21,750
27,817
Trade creditors
30,865
19,591
Taxes and social security
2,492
790
Loans from directors
25,341
49,174
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 5 (2023: 2).