Company Registration No. 09466636 (England and Wales)
MGJB Signs Limited
Unaudited accounts
for the year ended 31 March 2025
MGJB Signs Limited
Unaudited accounts
Contents
MGJB Signs Limited
Company Information
for the year ended 31 March 2025
Director
Mark Richard Glover
Company Number
09466636 (England and Wales)
Registered Office
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
MGJB Signs Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,589
2,536
Cash at bank and in hand
59,457
22,540
Creditors: amounts falling due within one year
(40,580)
(16,144)
Net current assets
57,591
29,455
Total assets less current liabilities
60,180
34,517
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
60,001
34,433
Shareholders' funds
60,011
34,443
For the year ending 31 March 2025 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 25 June 2025 and were signed on its behalf by
Mark Richard Glover
Director
Company Registration No. 09466636
MGJB Signs Limited
Notes to the Accounts
for the year ended 31 March 2025
MGJB Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 09466636. The registered office is 51 Wilmslow Road, Cheadle, Stockport, Cheshire, SK8 1HG, England. The principal place of business is Unit 9 Alpha Court, Windmill Lane Industrial Estate, Denton, Manchester, M34 3RB, 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.
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 which is the functional currency of the company.
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 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
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MGJB Signs Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
14,000
11,269
25,269
At 31 March 2025
14,000
11,269
25,269
At 1 April 2024
12,600
10,143
22,743
Charge for the year
1,400
1,126
2,526
At 31 March 2025
14,000
11,269
25,269
At 31 March 2024
1,400
1,126
2,526
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
15,190
250
2,520
17,960
At 31 March 2025
15,904
250
3,105
19,259
At 1 April 2024
13,796
63
1,565
15,424
Charge for the year
527
47
672
1,246
At 31 March 2025
14,323
110
2,237
16,670
At 31 March 2025
1,581
140
868
2,589
At 31 March 2024
1,394
187
955
2,536
Amounts falling due within one year
Trade debtors
31,301
18,577
Accrued income and prepayments
4,563
1,843
MGJB Signs Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,968
3,725
Taxes and social security
13,869
4,161
Loans from directors
55
485
9
Deferred taxation
2025
2024
Accelerated capital allowances
169
74
Provision at start of year
74
-
Charged to the profit and loss account
95
74
Provision at end of year
169
74
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
11
Average number of employees
During the year the average number of employees was 5 (2024: 5).