Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-312023-11-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08490863 2023-11-01 2024-10-31 08490863 2022-11-01 2023-10-31 08490863 2024-10-31 08490863 2023-10-31 08490863 c:Director1 2023-11-01 2024-10-31 08490863 c:RegisteredOffice 2023-11-01 2024-10-31 08490863 d:ComputerEquipment 2023-11-01 2024-10-31 08490863 d:ComputerEquipment 2024-10-31 08490863 d:ComputerEquipment 2023-10-31 08490863 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08490863 d:CurrentFinancialInstruments 2024-10-31 08490863 d:CurrentFinancialInstruments 2023-10-31 08490863 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 08490863 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08490863 d:ShareCapital 2024-10-31 08490863 d:ShareCapital 2023-10-31 08490863 d:RetainedEarningsAccumulatedLosses 2024-10-31 08490863 d:RetainedEarningsAccumulatedLosses 2023-10-31 08490863 c:FRS102 2023-11-01 2024-10-31 08490863 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08490863 c:FullAccounts 2023-11-01 2024-10-31 08490863 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08490863 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company registration number: 08490863







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024


MGD PROJECT MANAGEMENT LIMITED






































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MGD PROJECT MANAGEMENT LIMITED
 


 
COMPANY INFORMATION


Director
M G Oliver 




Registered number
08490863



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


MGD PROJECT MANAGEMENT LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


MGD PROJECT MANAGEMENT LIMITED
REGISTERED NUMBER:08490863



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,435
-

  
1,435
-

Current assets
  

Debtors: amounts falling due within one year
 5 
7,098
59,266

Cash at bank and in hand
  
182,546
146,207

  
189,644
205,473

Creditors: amounts falling due within one year
 6 
(15,011)
(38,434)

Net current assets
  
 
 
174,633
 
 
167,039

Total assets less current liabilities
  
176,068
167,039

  

Net assets
  
176,068
167,039


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
175,968
166,939

  
176,068
167,039


Page 1

 


MGD PROJECT MANAGEMENT LIMITED
REGISTERED NUMBER:08490863


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M G Oliver
Director

Date: 9 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MGD PROJECT MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

MGD Project Management 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.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


MGD PROJECT MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 


MGD PROJECT MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2023
5,985


Additions
1,565



At 31 October 2024

7,550



Depreciation


At 1 November 2023
5,985


Charge for the year on owned assets
130



At 31 October 2024

6,115



Net book value



At 31 October 2024
1,435



At 31 October 2023
-


5.


Debtors

2024
2023
£
£


Trade debtors
-
26,107

Other debtors
167
20,068

Tax recoverable
6,931
13,091

7,098
59,266



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
8,812
26,992

Other taxation and social security
4,352
10,272

Other creditors
597
-

Accruals and deferred income
1,250
1,170

15,011
38,434


Page 5

 


MGD PROJECT MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Related party transactions

At the balance sheet date the company owed £597 to the director (2023: £19,868 owed from the director to the company and found within debtors). The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6