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Company Registration No. SC683717 (Scotland)
MJG Commerce Ltd Unaudited accounts for the year ended 31 March 2024
MJG Commerce Ltd Unaudited accounts Contents
Page
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MJG Commerce Ltd Company Information for the year ended 31 March 2024
Director
Mr Mark John Garrity
Company Number
SC683717 (Scotland)
Registered Office
272 Bath Street Glasgow G2 4JR Scotland
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
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MJG Commerce Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,651 
- 
Tangible assets
7,282 
8,414 
35,933 
8,414 
Current assets
Debtors
- 
524 
Cash at bank and in hand
158,392 
325,573 
158,392 
326,097 
Creditors: amounts falling due within one year
(26,919)
(87,484)
Net current assets
131,473 
238,613 
Net assets
167,406 
247,027 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
167,396 
247,017 
Shareholders' funds
167,406 
247,027 
For the year ending 31 March 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 29 August 2024 and were signed on its behalf by
Mr Mark John Garrity Director Company Registration No. SC683717
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MJG Commerce Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MJG Commerce Ltd is a private company, limited by shares, registered in Scotland, registration number SC683717. The registered office is 272 Bath Street, Glasgow, G2 4JR, Scotland.
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.
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:
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
- 
Additions
31,834 
At 31 March 2024
31,834 
Amortisation
At 1 April 2023
- 
Charge for the year
3,183 
At 31 March 2024
3,183 
Net book value
At 31 March 2024
28,651 
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MJG Commerce Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
11,862 
Additions
689 
At 31 March 2024
12,551 
Depreciation
At 1 April 2023
3,448 
Charge for the year
1,821 
At 31 March 2024
5,269 
Net book value
At 31 March 2024
7,282 
At 31 March 2023
8,414 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
524 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,750 
27,551 
Taxes and social security
(10,759)
53,895 
Other creditors
27,928 
6,038 
26,919 
87,484 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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