MCG RETAIL SERVICES LIMITED

Company Registration Number:
08123667 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MCG RETAIL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MCG RETAIL SERVICES LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Anthony Johnson
Registered office: 75
High Street
Gravesend
England
DA11 0BH
Company Registration Number: 08123667 (England and Wales)

MCG RETAIL SERVICES LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

Online Garden Centre selling garden products to retail and trade

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Anthony Johnson

This report was approved by the board of directors on 31 March 2024
And Signed On Behalf Of The Board By:

Name: Anthony Johnson
Status: Director

MCG RETAIL SERVICES LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 1,513,887 1,553,247
Cost of sales ( 1,045,358 ) ( 1,118,669 )
Gross Profit or (Loss) 468,529 434,578
Distribution Costs ( 170,403 ) ( 152,722 )
Administrative Expenses ( 296,063 ) ( 279,609 )
Operating Profit or (Loss) 2,063 2,247
Profit or (Loss) Before Tax 2,063 2,247
Tax on Profit ( 392 ) ( 427 )
Profit or (Loss) for Period 1,671 1,820

The notes form part of these financial statements

MCG RETAIL SERVICES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 611,765 551,241
Tangible assets: 5 241,062 202,446
Total fixed assets: 852,827 753,687
Current assets
Stocks: 125,564 116,472
Cash at bank and in hand: 330,196 306,538
Total current assets: 455,760 423,010
Creditors: amounts falling due within one year: 6 ( 78,753 ) ( 20,569 )
Net current assets (liabilities): 377,007 402,441
Total assets less current liabilities: 1,229,834 1,156,128
Creditors: amounts falling due after more than one year: 7 ( 200,000 ) ( 200,000 )
Total net assets (liabilities): 1,029,834 956,128

The notes form part of these financial statements

MCG RETAIL SERVICES LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 8 1,028,063 954,208
Profit and loss account: 1,671 1,820
Shareholders funds: 1,029,834 956,128

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 March 2024
And Signed On Behalf Of The Board By:

Name: Anthony Johnson
Status: Director

The notes form part of these financial statements

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 15 15

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Intangible assets

Other Total
Cost £ £
At 01 January 2023 551,241 551,241
Additions 60,524 60,524
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 611,765 611,765
Amortisation
Amortisation at 01 January 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 December 2023 - -
Net book value
Net book value at 31 December 2023 611,765 611,765
Net book value at 31 December 2022 551,241 551,241

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 January 2023 54,104 9,184 55,292 157,259 275,839
Additions - 16,578 - 31,400 47,978
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 31 December 2023 54,104 25,762 55,292 188,659 323,817
Depreciation
At 01 January 2023 20,822 1,420 9,770 41,381 73,393
Charge for year 1,008 1,624 81 6,649 9,362
On disposals - - - - -
Other adjustments - - - - -
At 31 December 2023 21,830 3,044 9,851 48,030 82,755
Net book value
At 31 December 2023 32,274 22,718 45,441 140,629 241,062
At 31 December 2022 33,282 7,764 45,522 115,878 202,446

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 78,753 20,569
Total 78,753 20,569

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 200,000 200,000
Total 200,000 200,000

MCG RETAIL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Revaluation reserve


2023
£
Balance at 01 January 2023 954,208
Surplus or deficit after revaluation 73,855
Balance at 31 December 2023 1,028,063