10108042falsephotography services2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-04-30http://www.companieshouse.gov.uk/2024-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10108042

MG AG Ltd

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

MG AG Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
DIRECTORS
A Gill
REGISTERED OFFICE
25 Church Road
Heston
Hounslow
TW5 0LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10108042
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

MG AG Ltd

ACCOUNTS
FOR THEYEARENDED30 APRIL 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-

MG AG Ltd

BALANCE SHEET AT 30 April 2024
20242023
Notes££
FIXED ASSETS
Tangible assets2676901
CURRENT ASSETS
Cash at bank and in hand1,2861,655
1,2861,655
CREDITORS: Amounts falling due within one year39,0168,319
NET CURRENT LIABILITIES(7,730)(6,664)
TOTAL ASSETS LESS CURRENT LIABILITIES(7,054)(5,763)
CAPITAL AND RESERVES
Called up share capital5100100
Profit and loss account(7,154)(5,863)
SHAREHOLDERS' FUNDS(7,054)(5,763)
For the year ending 30 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 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 16 January 2025 and signed on their behalf by
.............................
A Gill
Director

MG AG Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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. Going Concern
The company had net liabilities of £7,054 at the balance sheet date. However, included in other creditors was £8,734 owed to the director. With the continued support of the director, the director believes the company to be a going concern.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1d. Statutory Information
MG AG Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 10108042 and registered office address is 25 Church Road, Heston, Hounslow, United Kingdom, TW5 0LU.
1e. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.

MG AG Ltd

2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 1 May 20233,5703,570
At 30 April 20243,5703,570
Depreciation
At 1 May 20232,6692,669
For the year225225
At 30 April 20242,8942,894
Net Book Amounts
At 30 April 2024676676
At 30 April 2023901901
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account8,7347,923
Accruals282396
9,0168,319
4. EMPLOYEES
20242023
No.No.
Average number of employees--
5. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100