IRIS Accounts Production v24.1.4.33 10486991 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 A ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104869912022-11-30104869912023-11-30104869912022-12-012023-11-30104869912021-11-30104869912021-12-012022-11-30104869912022-11-3010486991ns15:Wales2022-12-012023-11-3010486991ns14:PoundSterling2022-12-012023-11-3010486991ns10:Director12022-12-012023-11-3010486991ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3010486991ns10:SmallEntities2022-12-012023-11-3010486991ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3010486991ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3010486991ns10:FullAccounts2022-12-012023-11-3010486991ns10:OrdinaryShareClass12022-12-012023-11-3010486991ns10:OrdinaryShareClass22022-12-012023-11-3010486991ns10:CompanySecretary12022-12-012023-11-3010486991ns10:RegisteredOffice2022-12-012023-11-3010486991ns5:CurrentFinancialInstruments2023-11-3010486991ns5:CurrentFinancialInstruments2022-11-3010486991ns5:ShareCapital2023-11-3010486991ns5:ShareCapital2022-11-3010486991ns5:RetainedEarningsAccumulatedLosses2023-11-3010486991ns5:RetainedEarningsAccumulatedLosses2022-11-3010486991ns5:PlantMachinery2022-12-012023-11-3010486991ns5:MotorVehicles2022-12-012023-11-3010486991ns5:LandBuildings2022-11-3010486991ns5:PlantMachinery2022-11-3010486991ns5:MotorVehicles2022-11-3010486991ns5:LandBuildings2022-12-012023-11-3010486991ns5:LandBuildings2023-11-3010486991ns5:PlantMachinery2023-11-3010486991ns5:MotorVehicles2023-11-3010486991ns5:LandBuildings2022-11-3010486991ns5:PlantMachinery2022-11-3010486991ns5:MotorVehicles2022-11-3010486991ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3010486991ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3010486991ns10:OrdinaryShareClass12023-11-3010486991ns10:OrdinaryShareClass22023-11-3010486991ns5:RetainedEarningsAccumulatedLosses2022-11-3010486991ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 10486991 (Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MGR CONSTRUCTION & RENOVATION LTD

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MGR CONSTRUCTION & RENOVATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M G Rowlands





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 10486991 (Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,387 10,771

CURRENT ASSETS
Stocks 5 1,000 1,037
Debtors 6 4,256 26,204
Cash at bank 65,720 27,479
70,976 54,720
CREDITORS
Amounts falling due within one year 7 29,347 21,477
NET CURRENT ASSETS 41,629 33,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,016

44,014

CAPITAL AND RESERVES
Called up share capital 8 125 125
Retained earnings 9 85,891 43,889
SHAREHOLDERS' FUNDS 86,016 44,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:



M G Rowlands - Director


MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

MGR Construction & Renovation Ltd is a private company, limited by shares , registered in 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 - 3,275 19,302 22,577
Additions 35,808 600 - 36,408
At 30 November 2023 35,808 3,875 19,302 58,985
DEPRECIATION
At 1 December 2022 - 1,823 9,983 11,806
Charge for year - 463 2,329 2,792
At 30 November 2023 - 2,286 12,312 14,598
NET BOOK VALUE
At 30 November 2023 35,808 1,589 6,990 44,387
At 30 November 2022 - 1,452 9,319 10,771

MGR CONSTRUCTION & RENOVATION LTD (REGISTERED NUMBER: 10486991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. STOCKS
2023 2022
£    £   
Stocks 1,000 1,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,798 25,800
VAT 18 -
Prepayments 440 404
4,256 26,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 909 -
Corporation tax 16,681 4,827
Construction industry scheme - 916
VAT - 4,931
Other creditors 217 -
Credit card 177 2,454
Directors' current accounts 2,315 4,532
Directors' loan accounts 7,267 2,167
Accrued expenses 1,781 1,650
29,347 21,477

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100
25 A ordinary £1.00 25 25
125 125

9. RESERVES
Retained
earnings
£   

At 1 December 2022 43,889
Profit for the year 61,002
Dividends (19,000 )
At 30 November 2023 85,891