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REGISTERED NUMBER: 04995740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M G & A Engineering Limited

M G & A Engineering Limited (Registered number: 04995740)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M G & A Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Gardner
Mrs K Gardner





SECRETARY: Mr A Gardner





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 04995740 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

M G & A Engineering Limited (Registered number: 04995740)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,507 4,676

CURRENT ASSETS
Debtors 5 27,727 26,508
Cash at bank 28,303 18,136
56,030 44,644
CREDITORS
Amounts falling due within one year 6 33,030 32,807
NET CURRENT ASSETS 23,000 11,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,507

16,513

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,505 16,511
26,507 16,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 3 December 2024 and were signed on its behalf by:





Mr A Gardner - Director


M G & A Engineering Limited (Registered number: 04995740)

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

1. STATUTORY INFORMATION

M G & A Engineering 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.
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

M G & A Engineering Limited (Registered number: 04995740)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 88,799 3,584 974 93,357
DEPRECIATION
At 1 April 2023 84,280 3,435 966 88,681
Charge for year 1,130 37 2 1,169
At 31 March 2024 85,410 3,472 968 89,850
NET BOOK VALUE
At 31 March 2024 3,389 112 6 3,507
At 31 March 2023 4,519 149 8 4,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,991 17,703
Other debtors 5,500 5,500
Prepayments and accrued income 4,236 3,305
27,727 26,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 13,322 8,264
Tax 7,273 6,879
Social security and other taxes 462 294
Pensions 65 62
VAT 8,408 7,408
Directors' current accounts 1,000 7,500
Accrued expenses 2,500 2,400
33,030 32,807