Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC598863 Mr Andrew MacEwan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC598863 2023-06-30 SC598863 2024-06-30 SC598863 2023-07-01 2024-06-30 SC598863 frs-core:CurrentFinancialInstruments 2024-06-30 SC598863 frs-core:Non-currentFinancialInstruments 2024-06-30 SC598863 frs-core:MotorVehicles 2024-06-30 SC598863 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC598863 frs-core:MotorVehicles 2023-06-30 SC598863 frs-core:ShareCapital 2024-06-30 SC598863 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC598863 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC598863 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC598863 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC598863 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC598863 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC598863 frs-bus:Director1 2023-07-01 2024-06-30 SC598863 frs-core:CurrentFinancialInstruments 1 2024-06-30 SC598863 frs-countries:Scotland 2023-07-01 2024-06-30 SC598863 2022-06-30 SC598863 2023-06-30 SC598863 2022-07-01 2023-06-30 SC598863 frs-core:CurrentFinancialInstruments 2023-06-30 SC598863 frs-core:Non-currentFinancialInstruments 2023-06-30 SC598863 frs-core:ShareCapital 2023-06-30 SC598863 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC598863 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: SC598863
MGM Plumbing & Heating Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Kerr Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC598863
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,148 2,864
2,148 2,864
CURRENT ASSETS
Debtors 5 (1,218 ) (1,218 )
Cash at bank and in hand 1,211 8,622
(7 ) 7,404
Creditors: Amounts Falling Due Within One Year 6 (6,000 ) (6,500 )
NET CURRENT ASSETS (LIABILITIES) (6,007 ) 904
TOTAL ASSETS LESS CURRENT LIABILITIES (3,859 ) 3,768
Creditors: Amounts Falling Due After More Than One Year 7 (4,620 ) (10,620 )
NET LIABILITIES (8,479 ) (6,852 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (8,481 ) (6,854 )
SHAREHOLDERS' FUNDS (8,479) (6,852)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew MacEwan
Director
8th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MGM Plumbing & Heating Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC598863 . The registered office is 32 Southhill Avenue, Glasgow, G73 3TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 July 2023 12,064
As at 30 June 2024 12,064
Depreciation
As at 1 July 2023 9,200
Provided during the period 716
As at 30 June 2024 9,916
Net Book Value
As at 30 June 2024 2,148
As at 1 July 2023 2,864
5. Debtors
2024 2023
£ £
Due within one year
Loan to directors (1,218 ) (1,218 )
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,000 6,500
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,500 10,500
Accruals and deferred income 120 120
4,620 10,620
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4