5 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 08468229 2024-04-01 2025-03-31 08468229 2025-03-31 08468229 2024-03-31 08468229 2023-04-01 2024-03-31 08468229 2024-03-31 08468229 2023-03-31 08468229 bus:Director3 2024-04-01 2025-03-31 08468229 bus:Director4 2024-04-01 2025-03-31 08468229 core:WithinOneYear 2025-03-31 08468229 core:WithinOneYear 2024-03-31 08468229 core:AfterOneYear 2024-03-31 08468229 bus:Director1 2024-04-01 2025-03-31 08468229 bus:Director2 2024-04-01 2025-03-31 08468229 bus:Micro-entities 2024-04-01 2025-03-31 08468229 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08468229 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08468229 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08468229 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 08468229
MGV Auto Spares Limited
Filleted unaudited financial statements
31 March 2025
MGV Auto Spares Limited
Statement of financial position
31 March 2025
2025
2024
£
£
£
£
Fixed assets
19,923
21,566
--------
--------
Current assets
126,155
148,970
Prepayments and accrued income
2,418
2,157
---------
---------
128,573
151,127
Creditors: amounts falling due within one year
22,294
16,102
---------
---------
Net current assets
106,279
135,025
---------
---------
Total assets less current liabilities
126,202
156,591
Creditors: amounts falling due after more than one year
545
Accruals and deferred income
2,703
2,819
---------
---------
123,499
153,227
---------
---------
Capital and reserves
123,499
153,227
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
2. Directors' advances, credits and guarantees
Two Director's loan accounts became overdrawn by a combined total of £162 in August 2024 before being repaid in December 2024. No interest was charged on the overdrawn balances.
3. Other financial commitments
The Company occupies premises owned by the Directors for which rent of £9,600 (2024 - £9,600) was charged and paid for the year. The minimum rent due for payment in the next twelve months will be £9,600.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
Mrs L Williamson
Mr A Williamson
Director
Director
Company registration number: 08468229
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2-3, Maltkiln Lane, Castleford, WF10 4LF.