Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11834534 Mr DOMINIC ODURO-DONKOR iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11834534 2023-02-28 11834534 2024-02-28 11834534 2023-03-01 2024-02-28 11834534 frs-core:CurrentFinancialInstruments 2024-02-28 11834534 frs-core:ComputerEquipment 2024-02-28 11834534 frs-core:ComputerEquipment 2023-03-01 2024-02-28 11834534 frs-core:ComputerEquipment 2023-02-28 11834534 frs-core:FurnitureFittings 2024-02-28 11834534 frs-core:FurnitureFittings 2023-03-01 2024-02-28 11834534 frs-core:FurnitureFittings 2023-02-28 11834534 frs-core:ShareCapital 2024-02-28 11834534 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11834534 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11834534 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11834534 frs-bus:SmallEntities 2023-03-01 2024-02-28 11834534 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11834534 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11834534 frs-bus:Director1 2023-03-01 2024-02-28 11834534 frs-countries:EnglandWales 2023-03-01 2024-02-28 11834534 2022-02-28 11834534 2023-02-28 11834534 2022-03-01 2023-02-28 11834534 frs-core:CurrentFinancialInstruments 2023-02-28 11834534 frs-core:ShareCapital 2023-02-28 11834534 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11834534
MG PETRONIA LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33a Crook Log
Bexleyheath
Kent
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11834534
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,425 1,900
1,425 1,900
CURRENT ASSETS
Cash at bank and in hand 76 64
76 64
Creditors: Amounts Falling Due Within One Year 5 (28,632 ) (28,420 )
NET CURRENT ASSETS (LIABILITIES) (28,556 ) (28,356 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,131 ) (26,456 )
NET LIABILITIES (27,131 ) (26,456 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (27,231 ) (26,556 )
SHAREHOLDERS' FUNDS (27,131) (26,456)
Page 1
Page 2
For the year ending 28 February 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 DOMINIC ODURO-DONKOR
Director
10/09/2024
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
MG PETRONIA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11834534 . The registered office is 33A CROOK LOG, BEXLEYHEATH, KENT, DA6 8EB.
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:
Fixtures & Fittings 25%
Computer Equipment 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 3,500 2,500 6,000
As at 28 February 2024 3,500 2,500 6,000
Depreciation
As at 1 March 2023 2,392 1,708 4,100
Provided during the period 277 198 475
As at 28 February 2024 2,669 1,906 4,575
Net Book Value
As at 28 February 2024 831 594 1,425
As at 1 March 2023 1,108 792 1,900
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 550 400
Director's loan account 28,082 28,020
28,632 28,420
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4