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REGISTERED NUMBER: 04296180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

FOR

M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED

M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED (REGISTERED NUMBER: 04296180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023







DIRECTORS: M Beddows
C Tatton





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 04296180 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED (REGISTERED NUMBER: 04296180)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,877 14,203

CURRENT ASSETS
Debtors 5 396,035 396,035
Cash at bank - 40,455
396,035 436,490
CREDITORS
Amounts falling due within one year 6 423,382 433,381
NET CURRENT (LIABILITIES)/ASSETS (27,347 ) 3,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,470

)

17,312

CREDITORS
Amounts falling due after more than one
year

7

-

(31,667

)

PROVISIONS FOR LIABILITIES 10 (2,219 ) (2,700 )
NET LIABILITIES (20,689 ) (17,055 )

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings (20,691 ) (17,057 )
SHAREHOLDERS' FUNDS (20,689 ) (17,055 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED (REGISTERED NUMBER: 04296180)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





C Tatton - Director


M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED (REGISTERED NUMBER: 04296180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

M & G Developments (Wolverhampton) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED (REGISTERED NUMBER: 04296180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022
and 31 December 2023 74,964 52,823 127,787
DEPRECIATION
At 1 July 2022 68,939 44,645 113,584
Charge for period 2,259 3,067 5,326
At 31 December 2023 71,198 47,712 118,910
NET BOOK VALUE
At 31 December 2023 3,766 5,111 8,877
At 30 June 2022 6,025 8,178 14,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 395,835 395,835
Other debtors 200 200
396,035 396,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) - 10,000
Trade creditors 6,846 6,845
Amounts owed to group undertakings 413,701 413,701
VAT 1,035 1,035
Accruals and deferred income 1,800 1,800
423,382 433,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) - 31,667

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 10,000

M & G DEVELOPMENTS (WOLVERHAMPTON)
LIMITED (REGISTERED NUMBER: 04296180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

8. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 21,667

9. SECURED DEBTS

Security is in the form of a charge over the fixed assets held by the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,219 2,700

Deferred
tax
£   
Balance at 1 July 2022 2,700
Provided during period (481 )
Balance at 31 December 2023 2,219