2023-01-012023-12-312023-12-31false12374804MGBOTEA LTD2024-08-2243220iso4217:GBPxbrli:pure123748042023-01-01123748042023-12-31123748042023-01-012023-12-31123748042022-01-01123748042022-12-31123748042022-01-012022-12-3112374804bus:SmallEntities2023-01-012023-12-3112374804bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112374804bus:FullAccounts2023-01-012023-12-3112374804bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112374804core:WithinOneYear2023-12-3112374804core:AfterOneYear2023-12-3112374804core:WithinOneYear2022-12-3112374804core:AfterOneYear2022-12-3112374804core:ShareCapital2023-12-3112374804core:SharePremium2023-12-3112374804core:RevaluationReserve2023-12-3112374804core:OtherReservesSubtotal2023-12-3112374804core:RetainedEarningsAccumulatedLosses2023-12-3112374804core:ShareCapital2022-12-3112374804core:SharePremium2022-12-3112374804core:RevaluationReserve2022-12-3112374804core:OtherReservesSubtotal2022-12-3112374804core:RetainedEarningsAccumulatedLosses2022-12-3112374804core:LandBuildings2023-12-3112374804core:PlantMachinery2023-12-3112374804core:Vehicles2023-12-3112374804core:FurnitureFittings2023-12-3112374804core:OfficeEquipment2023-12-3112374804core:NetGoodwill2023-12-3112374804core:IntangibleAssetsOtherThanGoodwill2023-12-3112374804core:ListedExchangeTraded2023-12-3112374804core:UnlistedNon-exchangeTraded2023-12-3112374804core:LandBuildings2022-12-3112374804core:PlantMachinery2022-12-3112374804core:Vehicles2022-12-3112374804core:FurnitureFittings2022-12-3112374804core:OfficeEquipment2022-12-3112374804core:NetGoodwill2022-12-3112374804core:IntangibleAssetsOtherThanGoodwill2022-12-3112374804core:ListedExchangeTraded2022-12-3112374804core:UnlistedNon-exchangeTraded2022-12-3112374804core:LandBuildings2023-01-012023-12-3112374804core:PlantMachinery2023-01-012023-12-3112374804core:Vehicles2023-01-012023-12-3112374804core:FurnitureFittings2023-01-012023-12-3112374804core:OfficeEquipment2023-01-012023-12-3112374804core:NetGoodwill2023-01-012023-12-3112374804core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112374804core:ListedExchangeTraded2023-01-012023-12-3112374804core:UnlistedNon-exchangeTraded2023-01-012023-12-3112374804core:MoreThanFiveYears2023-01-012023-12-3112374804core:Non-currentFinancialInstruments2023-12-3112374804core:Non-currentFinancialInstruments2022-12-3112374804dpl:CostSales2023-01-012023-12-3112374804dpl:DistributionCosts2023-01-012023-12-3112374804core:LandBuildings2023-01-012023-12-3112374804core:PlantMachinery2023-01-012023-12-3112374804core:Vehicles2023-01-012023-12-3112374804core:FurnitureFittings2023-01-012023-12-3112374804core:OfficeEquipment2023-01-012023-12-3112374804dpl:AdministrativeExpenses2023-01-012023-12-3112374804core:NetGoodwill2023-01-012023-12-3112374804core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112374804dpl:GroupUndertakings2023-01-012023-12-3112374804dpl:ParticipatingInterests2023-01-012023-12-3112374804dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112374804core:ListedExchangeTraded2023-01-012023-12-3112374804dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112374804core:UnlistedNon-exchangeTraded2023-01-012023-12-3112374804dpl:CostSales2022-01-012022-12-3112374804dpl:DistributionCosts2022-01-012022-12-3112374804core:LandBuildings2022-01-012022-12-3112374804core:PlantMachinery2022-01-012022-12-3112374804core:Vehicles2022-01-012022-12-3112374804core:FurnitureFittings2022-01-012022-12-3112374804core:OfficeEquipment2022-01-012022-12-3112374804dpl:AdministrativeExpenses2022-01-012022-12-3112374804core:NetGoodwill2022-01-012022-12-3112374804core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112374804dpl:GroupUndertakings2022-01-012022-12-3112374804dpl:ParticipatingInterests2022-01-012022-12-3112374804dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112374804core:ListedExchangeTraded2022-01-012022-12-3112374804dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112374804core:UnlistedNon-exchangeTraded2022-01-012022-12-3112374804core:NetGoodwill2023-12-3112374804core:IntangibleAssetsOtherThanGoodwill2023-12-3112374804core:LandBuildings2023-12-3112374804core:PlantMachinery2023-12-3112374804core:Vehicles2023-12-3112374804core:FurnitureFittings2023-12-3112374804core:OfficeEquipment2023-12-3112374804core:AfterOneYear2023-12-3112374804core:WithinOneYear2023-12-3112374804core:ListedExchangeTraded2023-12-3112374804core:UnlistedNon-exchangeTraded2023-12-3112374804core:ShareCapital2023-12-3112374804core:SharePremium2023-12-3112374804core:RevaluationReserve2023-12-3112374804core:OtherReservesSubtotal2023-12-3112374804core:RetainedEarningsAccumulatedLosses2023-12-3112374804core:NetGoodwill2022-12-3112374804core:IntangibleAssetsOtherThanGoodwill2022-12-3112374804core:LandBuildings2022-12-3112374804core:PlantMachinery2022-12-3112374804core:Vehicles2022-12-3112374804core:FurnitureFittings2022-12-3112374804core:OfficeEquipment2022-12-3112374804core:AfterOneYear2022-12-3112374804core:WithinOneYear2022-12-3112374804core:ListedExchangeTraded2022-12-3112374804core:UnlistedNon-exchangeTraded2022-12-3112374804core:ShareCapital2022-12-3112374804core:SharePremium2022-12-3112374804core:RevaluationReserve2022-12-3112374804core:OtherReservesSubtotal2022-12-3112374804core:RetainedEarningsAccumulatedLosses2022-12-3112374804core:NetGoodwill2022-01-0112374804core:IntangibleAssetsOtherThanGoodwill2022-01-0112374804core:LandBuildings2022-01-0112374804core:PlantMachinery2022-01-0112374804core:Vehicles2022-01-0112374804core:FurnitureFittings2022-01-0112374804core:OfficeEquipment2022-01-0112374804core:AfterOneYear2022-01-0112374804core:WithinOneYear2022-01-0112374804core:ListedExchangeTraded2022-01-0112374804core:UnlistedNon-exchangeTraded2022-01-0112374804core:ShareCapital2022-01-0112374804core:SharePremium2022-01-0112374804core:RevaluationReserve2022-01-0112374804core:OtherReservesSubtotal2022-01-0112374804core:RetainedEarningsAccumulatedLosses2022-01-0112374804core:AfterOneYear2023-01-012023-12-3112374804core:WithinOneYear2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112374804core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112374804core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112374804core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3112374804core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3112374804core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3112374804bus:Director12023-01-012023-12-31

MGBOTEA LTD

Registered Number
12374804
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MGBOTEA LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

BOTEA, Marius-George

Registered Address

43a The Chase
Watford
WD18 7JQ

Registered Number

12374804 (England and Wales)
MGBOTEA LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,628-
1,628-
Current assets
Debtors6,15929,227
Cash at bank and on hand8,0653,172
14,22432,399
Creditors amounts falling due within one year4(4,217)(7,884)
Net current assets (liabilities)10,00724,515
Total assets less current liabilities11,63524,515
Creditors amounts falling due after one year5(19,962)(23,939)
Net assets(8,327)576
Capital and reserves
Called up share capital11
Profit and loss account(8,328)575
Shareholders' funds(8,327)576
The financial statements were approved and authorised for issue by the Director on 22 August 2024, and are signed on its behalf by:
BOTEA, Marius-George
Director
Registered Company No. 12374804
MGBOTEA LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year02
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,6991,699
At 31 December 231,6991,699
Depreciation and impairment
Charge for year7171
At 31 December 237171
Net book value
At 31 December 231,6281,628
At 31 December 22--
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables879
Taxation and social security4,1307,875
Total4,2177,884
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts19,96223,939
Total19,96223,939