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Company Registration No. 10790079 (England and Wales)
MGI & MI LTD Unaudited accounts for the year ended 5 April 2024
MGI & MI LTD Unaudited accounts Contents
Page
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MGI & MI LTD Company Information for the year ended 5 April 2024
Director
Mariyan Iliev
Company Number
10790079 (England and Wales)
Registered Office
FLAT 5 108 STATION ROAD LONDON N11 1QE UNITED KINGDOM
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MGI & MI LTD Statement of financial position as at 5 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
32,367 
18,474 
Cash at bank and in hand
2,509 
19,451 
34,876 
37,925 
Creditors: amounts falling due within one year
(1,746)
(4,422)
Net current assets
33,130 
33,503 
Total assets less current liabilities
33,130 
33,503 
Creditors: amounts falling due after more than one year
(4,520)
(7,336)
Net assets
28,610 
26,167 
Capital and reserves
Profit and loss account
28,610 
26,167 
Shareholders' funds
28,610 
26,167 
For the year ending 5 April 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 3 January 2024 and were signed on its behalf by
Mariyan Iliev Director Company Registration No. 10790079
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MGI & MI LTD Notes to the Accounts for the year ended 5 April 2024
1
Statutory information
MGI & MI LTD is a private company, limited by shares, registered in England and Wales, registration number 10790079. The registered office is FLAT 5, 108 STATION ROAD, LONDON, N11 1QE, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
32,367 
18,474 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,746 
4,422 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,520 
7,336 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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