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REGISTERED NUMBER: 04822237 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

M. G. BUILDING SERVICES LIMITED

M. G. BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04822237)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


M. G. BUILDING SERVICES LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr M Gallagher





SECRETARY: Mrs H E Gallagher





REGISTERED OFFICE: 1, B Manor Road
Eastham
Wirral
Merseyside
CH62 8BW





REGISTERED NUMBER: 04822237 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

M. G. BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04822237)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 840 8

CURRENT ASSETS
Debtors 5 33,741 22,166
Cash in hand 50 50
33,791 22,216
CREDITORS
Amounts falling due within one year 6 59,764 27,520
NET CURRENT LIABILITIES (25,973 ) (5,304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,133

)

(5,296

)

CREDITORS
Amounts falling due after more than one
year

7

12,134

17,333
NET LIABILITIES (37,267 ) (22,629 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (37,367 ) (22,729 )
SHAREHOLDERS' FUNDS (37,267 ) (22,629 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2025 and were signed by:





Mr M Gallagher - Director


M. G. BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04822237)

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

1. STATUTORY INFORMATION

M. G. Building Services 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
The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's director.

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.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 10,876
Additions 1,248
At 31 July 2024 12,124
DEPRECIATION
At 1 August 2023 10,868
Charge for year 416
At 31 July 2024 11,284
NET BOOK VALUE
At 31 July 2024 840
At 31 July 2023 8

M. G. BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04822237)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 28,741 17,166
Other debtors 5,000 5,000
33,741 22,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,634 11,992
Trade creditors 15,602 7,845
Taxation and social security 5,018 4,260
Other creditors 29,510 3,423
59,764 27,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 12,134 17,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2023 (22,729 )
Deficit for the year (14,638 )
At 31 July 2024 (37,367 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

included within other creditors is an amount of £26,219 (2023 £786) relating to the directors loan account of Mr M Gallagher, director of the company.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Gallagher.