IRIS Accounts Production v24.2.0.383 06287454 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062874542023-06-30062874542024-06-30062874542023-07-012024-06-30062874542022-06-30062874542022-07-012023-06-30062874542023-06-3006287454ns15:EnglandWales2023-07-012024-06-3006287454ns14:PoundSterling2023-07-012024-06-3006287454ns10:Director12023-07-012024-06-3006287454ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006287454ns10:SmallEntities2023-07-012024-06-3006287454ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006287454ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006287454ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006287454ns10:FullAccounts2023-07-012024-06-3006287454ns10:Director22023-07-012024-06-3006287454ns10:CompanySecretary12023-07-012024-06-3006287454ns10:RegisteredOffice2023-07-012024-06-3006287454ns5:CurrentFinancialInstruments2024-06-3006287454ns5:CurrentFinancialInstruments2023-06-3006287454ns5:ShareCapital2024-06-3006287454ns5:ShareCapital2023-06-3006287454ns5:RetainedEarningsAccumulatedLosses2024-06-3006287454ns5:RetainedEarningsAccumulatedLosses2023-06-3006287454ns5:PlantMachinery2023-07-012024-06-3006287454ns5:PlantMachinery2023-06-3006287454ns5:MotorVehicles2023-06-3006287454ns5:ComputerEquipment2023-06-3006287454ns5:MotorVehicles2023-07-012024-06-3006287454ns5:ComputerEquipment2023-07-012024-06-3006287454ns5:PlantMachinery2024-06-3006287454ns5:MotorVehicles2024-06-3006287454ns5:ComputerEquipment2024-06-3006287454ns5:PlantMachinery2023-06-3006287454ns5:MotorVehicles2023-06-3006287454ns5:ComputerEquipment2023-06-3006287454ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3006287454ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 06287454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED

M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 06287454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M R Gunn
Mrs V Gunn





SECRETARY: Mrs V Gunn





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 06287454 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 06287454)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,124 2,611

CURRENT ASSETS
Debtors 5 42,034 25,210
Cash at bank 199,197 235,266
241,231 260,476
CREDITORS
Amounts falling due within one year 6 118,791 142,664
NET CURRENT ASSETS 122,440 117,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,564

120,423

PROVISIONS FOR LIABILITIES 467 496
NET ASSETS 124,097 119,927

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 124,095 119,925
SHAREHOLDERS' FUNDS 124,097 119,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 06287454)

BALANCE SHEET - continued
30TH JUNE 2024


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 Board of Directors and authorised for issue on 20th August 2024 and were signed on its behalf by:





M R Gunn - Director


M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 06287454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

M.R.G Decorating & Property Maintenance 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements

Turnover
Turnover represents net invoiced sales of goods and services,excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 06287454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 1,270 11,000 4,808 17,078
Additions - - 249 249
At 30th June 2024 1,270 11,000 5,057 17,327
DEPRECIATION
At 1st July 2023 1,269 8,390 4,808 14,467
Charge for year - 653 83 736
At 30th June 2024 1,269 9,043 4,891 15,203
NET BOOK VALUE
At 30th June 2024 1 1,957 166 2,124
At 30th June 2023 1 2,610 - 2,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,784 19,960
Other debtors 5,250 5,250
42,034 25,210

M.R.G DECORATING & PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 06287454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,529 2,183
Taxation and social security 103,182 77,748
Other creditors 3,080 62,733
118,791 142,664