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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
Page
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MG TRAINING SOLUTIONS LTD Company Information for the year ended 31 August 2024
Director
Mark John Gallen
Secretary
Mark John Gallen
Company Number
05414173 (England and Wales)
Registered Office
WATERLOO HOUSE BRADFORD ROAD COMBE DOWN BATH BA2 5BP ENGLAND
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MG TRAINING SOLUTIONS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,060 
1,155 
Current assets
Debtors
37,970 
83,455 
Cash at bank and in hand
66,715 
278,367 
104,685 
361,822 
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)
Net assets
87,703 
218,933 
Capital and reserves
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
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MG TRAINING SOLUTIONS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
27,056 
Additions
1,415 
At 31 August 2024
28,471 
Depreciation
At 1 September 2023
25,901 
Charge for the year
1,510 
At 31 August 2024
27,411 
Net book value
At 31 August 2024
1,060 
At 31 August 2023
1,155 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,970 
81,205 
Accrued income and prepayments
- 
2,250 
37,970 
83,455 
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MG TRAINING SOLUTIONS LTD Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,199 
18,221 
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)
(13,903)
106,544 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,945 
37,500 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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