Registered number
14786009
MGH Lift Installations Ltd
Filleted Accounts
30 April 2024
MGH Lift Installations Ltd
Registered number: 14786009
Balance Sheet
as at 30 April 2024
Notes 2024
£
Fixed assets
Tangible assets 3 13,417
Current assets
Debtors 4 18,202
Cash at bank and in hand 1,361
19,563
Creditors: amounts falling due within one year 5 (16,836)
Net current assets 2,727
Total assets less current liabilities 16,144
Creditors: amounts falling due after more than one year 6 (13,001)
Net assets 3,143
Capital and reserves
Called up share capital 1
Profit and loss account 3,142
Shareholders' funds 3,143
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Hawker
Director
Approved by the board on 20 June 2024
MGH Lift Installations Ltd
Notes to the Accounts
for the period from 5 April 2023 to 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 16,771
At 30 April 2024 16,771
Depreciation
Charge for the period 3,354
At 30 April 2024 3,354
Net book value
At 30 April 2024 13,417
4 Debtors 2024
£
Prepayments 705
PAYE 334
VAT 3,648
Other debtors 13,515
18,202
5 Creditors: amounts falling due within one year 2024
£
Obligations under finance lease and hire purchase contracts 3,714
Taxation and social security costs 3,063
Accruals 1,200
Director's account 8,859
16,836
6 Creditors: amounts falling due after one year 2024
£
Obligations under finance lease and hire purchase contracts 13,001
7 Other information
MGH Lift Installations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
234 Chaddock Lane
Worsley
Manchester
M28 1DP
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