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Company Registration No. 13920874 (England and Wales)
MRG Joinery Limited Unaudited accounts for the year ended 29 February 2024
MRG Joinery Limited Unaudited accounts Contents
Page
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MRG Joinery Limited Company Information for the year ended 29 February 2024
Director
Mr B Jones
Company Number
13920874 (England and Wales)
Registered Office
20 Grimscott Close Bransholme Hull East Riding Of Yorkshire HU7 4ET England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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MRG Joinery Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,600 
8,800 
Tangible assets
1,420 
- 
8,020 
8,800 
Current assets
Debtors
11,128 
14,297 
Cash at bank and in hand
30,110 
32,478 
41,238 
46,775 
Creditors: amounts falling due within one year
(44,719)
(41,729)
Net current (liabilities)/assets
(3,481)
5,046 
Total assets less current liabilities
4,539 
13,846 
Provisions for liabilities
Deferred tax
(270)
- 
Net assets
4,269 
13,846 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,169 
13,746 
Shareholders' funds
4,269 
13,846 
For the year ending 29 February 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 19 September 2024 and were signed on its behalf by
Mr B Jones Director Company Registration No. 13920874
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MRG Joinery Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MRG Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 13920874. The registered office is 20 Grimscott Close, Bransholme, Hull, East Riding Of Yorkshire, HU7 4ET, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
11,000 
At 29 February 2024
11,000 
Amortisation
At 1 March 2023
2,200 
Charge for the year
2,200 
At 29 February 2024
4,400 
Net book value
At 29 February 2024
6,600 
At 28 February 2023
8,800 
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MRG Joinery Limited Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
1,512 
At 29 February 2024
1,512 
Depreciation
Charge for the year
92 
At 29 February 2024
92 
Net book value
At 29 February 2024
1,420 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
11,128 
14,297 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
34 
24 
Taxes and social security
7,027 
13,422 
Loans from directors
37,658 
28,283 
44,719 
41,729 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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