Company Registration No. 11995335 (England and Wales)
MGR2019 LTD
Unaudited accounts
for the year ended 31 May 2024
MGR2019 LTD
Unaudited accounts
Contents
MGR2019 LTD
Company Information
for the year ended 31 May 2024
Director
GANESH, Ritesh Muthy, Dr
Company Number
11995335 (England and Wales)
Registered Office
ARC COURT, FLAT 19
MAXWELL ROAD
ROMFORD
ESSEX
RM7 0FH
UNITED KINGDOM
Accountants
Pro Tax Plus Accountants
MITRE HOUSE
2 BOND STREET
Ipswich
Suffolk
IP4 1JE
MGR2019 LTD
Statement of financial position
as at 31 May 2024
Tangible assets
348,214
348,214
Cash at bank and in hand
119,322
3,183
Creditors: amounts falling due within one year
(53,097)
(333,801)
Net current assets/(liabilities)
103,293
(294,618)
Total assets less current liabilities
481,507
83,596
Creditors: amounts falling due after more than one year
(335,728)
-
Called up share capital
1
1
Profit and loss account
145,778
83,595
Shareholders' funds
145,779
83,596
For the year ending 31 May 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 9 December 2024 and were signed on its behalf by
GANESH, Ritesh Muthy, Dr
Director
Company Registration No. 11995335
MGR2019 LTD
Notes to the Accounts
for the year ended 31 May 2024
MGR2019 LTD is a private company, limited by shares, registered in England and Wales, registration number 11995335. The registered office is ARC COURT, FLAT 19, MAXWELL ROAD, ROMFORD, ESSEX, RM7 0FH, 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.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
346,300
1,914
348,214
At 31 May 2024
346,300
1,914
348,214
At 31 May 2024
346,300
1,914
348,214
At 31 May 2023
346,300
1,914
348,214
5
Investments
Other investments
Valuation at 1 June 2023
30,000
Valuation at 31 May 2024
30,000
MGR2019 LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
36,500
36,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
22,207
8,501
Loans from directors
29,024
309,729
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
335,728
-
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).