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Company Registration No. 3323933 (England and Wales)
MGF CONSULTING LIMITED Unaudited accounts for the year ended 31 March 2024
MGF CONSULTING LIMITED Unaudited accounts Contents
Page
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MGF CONSULTING LIMITED Company Information for the year ended 31 March 2024
Directors
Michael Carl Froggatt Gail Froggatt
Secretary
Michael Carl Froggatt
Company Number
3323933 (England and Wales)
Registered Office
36 CHESTERFIELD ROAD MARKET STREET CHESTERFIELD S43 3UT UNITED KINGDOM
Accountants
Hammond & Co 36 Chesterfield Road Market Street Staveley Derbyshire S43 3UT
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MGF CONSULTING LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
757 
1,009 
Current assets
Debtors
46,244 
51,205 
Cash at bank and in hand
17,137 
19,040 
63,381 
70,245 
Creditors: amounts falling due within one year
(31,579)
(30,464)
Net current assets
31,802 
39,781 
Net assets
32,559 
40,790 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
32,557 
40,788 
Shareholders' funds
32,559 
40,790 
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Michael Carl Froggatt Director Company Registration No. 3323933
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MGF CONSULTING LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MGF CONSULTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3323933. The registered office is 36 CHESTERFIELD ROAD, MARKET STREET, CHESTERFIELD, S43 3UT, UNITED KINGDOM.
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.
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:
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
6,400 
30,356 
36,756 
At 31 March 2024
6,400 
30,356 
36,756 
Depreciation
At 1 April 2023
6,400 
29,347 
35,747 
Charge for the year
- 
252 
252 
At 31 March 2024
6,400 
29,599 
35,999 
Net book value
At 31 March 2024
- 
757 
757 
At 31 March 2023
- 
1,009 
1,009 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,277 
12,045 
Other debtors
40,967 
39,160 
46,244 
51,205 
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MGF CONSULTING LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,201 
14,378 
VAT
851 
2,066 
Trade creditors
12,243 
5,927 
Taxes and social security
7,284 
8,093 
31,579 
30,464 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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