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Company Registration No. 07660217 (England and Wales)
MGWL LIMITED Unaudited accounts for the year ended 30 June 2024
MGWL LIMITED Unaudited accounts Contents
Page
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MGWL LIMITED Company Information for the year ended 30 June 2024
Director
Mohammed Shamsuddin Patwary
Secretary
ASTRIT DEMLEKA
Company Number
07660217 (England and Wales)
Registered Office
YARD 1 HARPER LANE RADLETT WD7 7HU ENGLAND
Accountants
Barking Accountants Ltd 2 Beal Road ILFORD ESSEX IG1 4QF
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MGWL LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,734 
21,835 
Current assets
Inventories
2,830 
2,524 
Debtors
800 
200 
Cash at bank and in hand
1,056 
598 
4,686 
3,322 
Creditors: amounts falling due within one year
(79,834)
(76,610)
Net current liabilities
(75,148)
(73,288)
Net liabilities
(54,414)
(51,453)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(54,415)
(51,454)
Shareholders' funds
(54,414)
(51,453)
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 20 March 2025 and were signed on its behalf by
Mohammed Shamsuddin Patwary Director Company Registration No. 07660217
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MGWL LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MGWL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07660217. The registered office is YARD 1, HARPER LANE, RADLETT, WD7 7HU, ENGLAND.
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.
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:
Plant & machinery
5%Reducing balance method
Computer equipment
25% Reducing balance method
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
35,191 
At 30 June 2024
35,191 
Depreciation
At 1 July 2023
13,356 
Charge for the year
1,101 
At 30 June 2024
14,457 
Net book value
At 30 June 2024
20,734 
At 30 June 2023
21,835 
5
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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