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REGISTERED NUMBER: 04680781 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M and G Metal Finishers Limited

M and G Metal Finishers Limited (Registered number: 04680781)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M and G Metal Finishers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D P Gee





SECRETARY: A Gee





REGISTERED OFFICE: Hillcrest Works
Burnley Road
Halifax
West Yorkshire
HX6 2TL





REGISTERED NUMBER: 04680781 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

M and G Metal Finishers Limited (Registered number: 04680781)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 7,500
Tangible assets 5 1,823 903
9,323 8,403

CURRENT ASSETS
Debtors 6 3,856 4,279
Cash at bank 2,725 5,769
6,581 10,048
CREDITORS
Amounts falling due within one year 7 2,666 4,830
NET CURRENT ASSETS 3,915 5,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,238

13,621

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,138 13,521
SHAREHOLDERS' FUNDS 13,238 13,621

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 director acknowledges his 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.

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 director and authorised for issue on 9 September 2024 and were signed by:





D P Gee - Director


M and G Metal Finishers Limited (Registered number: 04680781)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

M and G Metal Finishers 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.

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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,500
NET BOOK VALUE
At 31 March 2024 7,500
At 31 March 2023 7,500

M and G Metal Finishers Limited (Registered number: 04680781)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 12,476
Additions 1,242
At 31 March 2024 13,718
DEPRECIATION
At 1 April 2023 11,573
Charge for year 322
At 31 March 2024 11,895
NET BOOK VALUE
At 31 March 2024 1,823
At 31 March 2023 903

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,792 4,279
Tax 64 -
3,856 4,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 392 456
Tax 1,109 2,961
Social security and other taxes 138 -
Directors' loan accounts 297 384
Accrued expenses 730 1,029
2,666 4,830

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.
.