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REGISTERED NUMBER: 10513276 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MGD Building Services Ltd

MGD Building Services Ltd (Registered number: 10513276)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MGD Building Services Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: M G Dobson
Mrs D I Dobson





REGISTERED OFFICE: 51 Greenlands
Tattenhall
Chester
Cheshire
CH3 9QX





REGISTERED NUMBER: 10513276 (England and Wales)





ACCOUNTANTS: Hatcher Hughes Limited
Cassidy House
Station Road
Chester
Cheshire
CH1 3DW

MGD Building Services Ltd (Registered number: 10513276)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,847 106,455

CURRENT ASSETS
Debtors 2,646 6,504
Cash at bank 10,284 12,374
12,930 18,878
CREDITORS
Amounts falling due within one year 30,597 8,588
NET CURRENT (LIABILITIES)/ASSETS (17,667 ) 10,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,180

116,745

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 97,176 116,741
SHAREHOLDERS' FUNDS 97,180 116,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MGD Building Services Ltd (Registered number: 10513276)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 September 2024 and were signed on its behalf by:




M G Dobson - Director



Mrs D I Dobson - Director


MGD Building Services Ltd (Registered number: 10513276)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

MGD Building Services Ltd 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.

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.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 25% on cost

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.

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 2 (2023 - 2 ) .

MGD Building Services Ltd (Registered number: 10513276)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 130,556
Additions 14,875
At 31 March 2024 145,431
DEPRECIATION
At 1 April 2023 24,101
Charge for year 6,483
At 31 March 2024 30,584
NET BOOK VALUE
At 31 March 2024 114,847
At 31 March 2023 106,455