Company Registration No. 13253331 (England and Wales)
MGB Developments MK Ltd
Unaudited accounts
for the year ended 31 March 2024
MGB Developments MK Ltd
Unaudited accounts
Contents
MGB Developments MK Ltd
Company Information
for the year ended 31 March 2024
Company Number
13253331 (England and Wales)
Registered Office
Unit 4
Cross Roads Garage
Little Horwood
Buckinghamshire
MK17 0PX
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
MGB Developments MK Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
31,160
29,047
Cash at bank and in hand
2,221
105
Creditors: amounts falling due within one year
(54,804)
(43,078)
Net current assets
45,611
47,111
Total assets less current liabilities
78,192
76,158
Provisions for liabilities
Deferred tax
(5,921)
(5,520)
Called up share capital
1
1
Profit and loss account
72,270
70,637
Shareholders' funds
72,271
70,638
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 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 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 and authorised for issue on 24 October 2024 and were signed on its behalf by
Mr G Rawlings
Director
Company Registration No. 13253331
MGB Developments MK Ltd
Notes to the Accounts
for the year ended 31 March 2024
MGB Developments MK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13253331. The registered office is Unit 4, Cross Roads Garage, Little Horwood, Buckinghamshire, MK17 0PX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
MGB Developments MK Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
18,267
26,000
296
44,563
Additions
12,500
-
-
12,500
At 31 March 2024
30,767
26,000
296
57,063
At 1 April 2023
5,174
10,250
92
15,516
Charge for the year
6,398
3,938
51
10,387
At 31 March 2024
11,572
14,188
143
25,903
At 31 March 2024
19,195
11,812
153
31,160
At 31 March 2023
13,093
15,750
204
29,047
Amounts falling due within one year
Accrued income and prepayments
3,530
2,547
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
30,853
24,187
Taxes and social security
14,000
12,530
Loans from directors
8,351
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).