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REGISTERED NUMBER: 09168154 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

MG&T (Hampshire) Limited

MG&T (Hampshire) Limited (Registered number: 09168154)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MG&T (Hampshire) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K L Matchan
Mrs L F Place





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 09168154 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

MG&T (Hampshire) Limited (Registered number: 09168154)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99 123

CURRENT ASSETS
Stocks 217,500 234,500
Debtors 5 500 2,500
Cash at bank 35,692 51,632
253,692 288,632
CREDITORS
Amounts falling due within one year 6 185,679 217,340
NET CURRENT ASSETS 68,013 71,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,112

71,415

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 68,010 71,313
SHAREHOLDERS' FUNDS 68,112 71,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MG&T (Hampshire) Limited (Registered number: 09168154)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:




K L Matchan - Director



Mrs L F Place - Director


MG&T (Hampshire) Limited (Registered number: 09168154)

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

1. STATUTORY INFORMATION

MG&T (Hampshire) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 876
DEPRECIATION
At 1 September 2023 753
Charge for year 24
At 31 August 2024 777
NET BOOK VALUE
At 31 August 2024 99
At 31 August 2023 123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 500 2,500

MG&T (Hampshire) Limited (Registered number: 09168154)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,214 106
Taxation and social security 2,215 1,284
Other creditors 182,250 215,950
185,679 217,340