Company Registration No. SC683717 (Scotland)
MJG Commerce Ltd
Unaudited accounts
for the year ended 31 March 2024
MJG Commerce Ltd
Unaudited accounts
Contents
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
MJG Commerce Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
28,651
-
Tangible assets
7,282
8,414
Cash at bank and in hand
158,392
325,573
Creditors: amounts falling due within one year
(26,919)
(87,484)
Net current assets
131,473
238,613
Net assets
167,406
247,027
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
MJG Commerce Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
MJG Commerce Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(10,759)
53,895
Other creditors
27,928
6,038
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).