Company Registration No. 05414173 (England and Wales)
MG TRAINING SOLUTIONS LTD
Unaudited accounts
for the year ended 31 August 2024
MG TRAINING SOLUTIONS LTD
Unaudited accounts
Contents
MG TRAINING SOLUTIONS LTD
Company Information
for the year ended 31 August 2024
Secretary
Mark John Gallen
Company Number
05414173 (England and Wales)
Registered Office
WATERLOO HOUSE BRADFORD ROAD
COMBE DOWN
BATH
BA2 5BP
ENGLAND
MG TRAINING SOLUTIONS LTD
Statement of financial position
as at 31 August 2024
Tangible assets
1,060
1,155
Cash at bank and in hand
66,715
278,367
Creditors: amounts falling due within one year
13,903
(106,544)
Net current assets
118,588
255,278
Total assets less current liabilities
119,648
256,433
Creditors: amounts falling due after more than one year
(31,945)
(37,500)
Called up share capital
105
105
Profit and loss account
87,598
218,828
Shareholders' funds
87,703
218,933
For the year ending 31 August 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 27 November 2024 and were signed on its behalf by
Mark John Gallen
Director
Company Registration No. 05414173
MG TRAINING SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
MG TRAINING SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 05414173. The registered office is WATERLOO HOUSE BRADFORD ROAD, COMBE DOWN, BATH, BA2 5BP, ENGLAND.
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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:
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Tangible fixed assets
Computer equipment
At 1 September 2023
27,056
At 1 September 2023
25,901
Amounts falling due within one year
Trade debtors
37,970
81,205
Accrued income and prepayments
-
2,250
MG TRAINING SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,280
9,268
Taxes and social security
13,747
79,938
Other creditors
8,365
(171)
Loans from directors
(50,494)
(712)
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Creditors: amounts falling due after more than one year
2024
2023
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Average number of employees
During the year the average number of employees was 2 (2023: 2).