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REGISTERED NUMBER: 06362938 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MGS GAS HEATING LIMITED

MGS GAS HEATING LIMITED (REGISTERED NUMBER: 06362938)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MGS GAS HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M Guerrieri





SECRETARY: Ms S E Eruohwo





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
Kent
BR3 3PP





REGISTERED NUMBER: 06362938 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

MGS GAS HEATING LIMITED (REGISTERED NUMBER: 06362938)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,647 8,474

CURRENT ASSETS
Debtors 5 129,537 35,120
Cash at bank 125,481 146,874
255,018 181,994
CREDITORS
Amounts falling due within one year 6 100,623 80,879
NET CURRENT ASSETS 154,395 101,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,042

109,589

PROVISIONS FOR LIABILITIES 2,661 1,610
NET ASSETS 162,381 107,979

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 162,380 107,978
SHAREHOLDERS' FUNDS 162,381 107,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:



M Guerrieri - Director


MGS GAS HEATING LIMITED (REGISTERED NUMBER: 06362938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

MGS Gas Heating 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MGS GAS HEATING LIMITED (REGISTERED NUMBER: 06362938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 20,180 12,750 32,930
Additions 4,979 - 4,979
Disposals (1,022 ) - (1,022 )
At 30 September 2024 24,137 12,750 36,887
DEPRECIATION
At 1 October 2023 12,334 12,122 24,456
Charge for year 2,649 157 2,806
Eliminated on disposal (1,022 ) - (1,022 )
At 30 September 2024 13,961 12,279 26,240
NET BOOK VALUE
At 30 September 2024 10,176 471 10,647
At 30 September 2023 7,846 628 8,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,641 -
Other debtors 127,896 35,120
129,537 35,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,720
Taxation and social security 99,773 78,309
Other creditors 850 850
100,623 80,879

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £87,400 were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Guerrieri.