02838609falsethe supply and installation of windows and window fittings2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/cd:Director22023-03-012024-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-02-28http://www.companieshouse.gov.uk/cd:Director32023-03-012024-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02838609

M & G Windows Ynys Mon Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

M & G Windows Ynys Mon Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
G A Jones
I M Jones
A Chambers
REGISTERED OFFICE
Unit 1
Gaerwen Industrial Estate
Gaerwen
Anglesey
LL60 6HR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02838609
ACCOUNTANTS
M E Strom Limited
CPAA
333-335
High Street
Bangor
Gwynedd
LL57 1YA

M & G Windows Ynys Mon Limited

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

M & G Windows Ynys Mon Limited

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets269,64457,874
CURRENT ASSETS
Stock80,36655,900
Debtors4268,706296,657
Cash at bank and in hand332,580282,477
681,652635,034
CREDITORS: Amounts falling due within one year5259,829287,489
NET CURRENT ASSETS421,823347,545
TOTAL ASSETS LESS CURRENT LIABILITIES491,467405,419
CREDITORS: Amounts falling due after more than one year626,99947,248
PROVISIONS FOR LIABILITIES AND CHARGES817,89310,996
NET ASSETS446,575347,175
CAPITAL AND RESERVES
Called up share capital91,0001,000
Profit and loss account445,575346,175
SHAREHOLDERS' FUNDS446,575347,175
For the year ending 28/02/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/11/2024 and signed on their behalf by
.............................
I M Jones
Director

M & G Windows Ynys Mon Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

M & G Windows Ynys Mon Limited

2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/03/2023253,270212,14916,658482,077
Additions-28,222-28,222
Disposals-(41,815)-(41,815)
At 28/02/2024253,270198,55616,658468,484
Depreciation
At 01/03/2023253,270154,27616,657424,203
Disposals-(39,249)-(39,249)
For the year-13,886-13,886
At 28/02/2024253,270128,91316,657398,840
Net Book Amounts
At 28/02/2024-69,643169,644
At 28/02/2023-57,873157,874
The net book value of commercial vehicles includes £nil (2023 - £6814) in respect of assets held under hire purchase agreements. The amount of depreciation charged on these assets was £nil (2023 - £2271).
3. STOCK 20242023
££
Stock comprises:
Work in progress80,36655,900
80,36655,900
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors195,619228,083
VAT-1,774
PAYE control6,917-
Other debtors66,07066,700
Prepayments100100
268,706296,657

M & G Windows Ynys Mon Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax30,65830,852
VAT7,807-
PAYE control-5,884
Salaries and wages control-5,487
Directors current account200200
Bank Loan20,24920,249
Credit card314382
Hire purchase-5,025
Trade creditors62,76174,706
Other creditors135,740142,604
Accruals2,1002,100
259,829287,489
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr26,99947,248
26,99947,248
7. EMPLOYEES
20242023
No.No.
Average number of employees1315
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation17,89310,996
17,89310,996

M & G Windows Ynys Mon Limited

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Class 1 shares of £1.00 each10001000
1,0001,000
10. CONTROLLING PARTY
The company is a wholly owned subsidiary of MGC Ynys Mon Limited
11. RELATED PARTY TRANSACTIONS
Cybi Building Plastics Limited is a wholly owned subsidiary of MGC Ynys Mon Limited. During the year, the company made sales of £19113 (2023 - £3305) to Cybi Building Plastics Limited and purchases of £13628 (2023 - £13268) from Cybi Building Plastics Limited. At 28 February 2024, the balance due to Cybi Building Plastics Limited was £65046 (2023 - £68890).
The company is a wholly owned subsidiary of MGC Ynys Mon Limited. During the year, the company paid management charges of £171000 (2023- £132000) to MGC Ynys Mon Ltd. At 28 February 2024, the balance due from MGC Ynys Mon Ltd was £20000 (2023 - £nil).