Company Registration No. 11046582 (England and Wales)
MGUN1987 LTD
Unaudited accounts
for the year ended 30 November 2024
MGUN1987 LTD
Unaudited accounts
Contents
MGUN1987 LTD
Company Information
for the year ended 30 November 2024
Company Number
11046582 (England and Wales)
Registered Office
112 Eastgate Street
Gloucester
GL1 1QT
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
MGUN1987 LTD
Statement of financial position
as at 30 November 2024
Tangible assets
27,691
32,055
Cash at bank and in hand
12,318
5,309
Creditors: amounts falling due within one year
(20,550)
(18,342)
Net current assets
36,167
17,840
Called up share capital
100
100
Profit and loss account
63,758
49,795
Shareholders' funds
63,858
49,895
For the year ending 30 November 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 7 August 2025 and were signed on its behalf by
Mr O Gun
Director
Company Registration No. 11046582
MGUN1987 LTD
Notes to the Accounts
for the year ended 30 November 2024
MGUN1987 LTD is a private company, limited by shares, registered in England and Wales, registration number 11046582. The registered office is 112 Eastgate Street, Gloucester, GL1 1QT, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
18% - reducing line method
Fixtures & fittings
18% - reducing line method
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.
MGUN1987 LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2023
18,656
37,040
55,696
At 30 November 2024
18,656
38,754
57,410
At 1 December 2023
7,924
15,717
23,641
Charge for the year
1,932
4,146
6,078
At 30 November 2024
9,856
19,863
29,719
At 30 November 2024
8,800
18,891
27,691
At 30 November 2023
10,732
21,323
32,055
Amounts falling due within one year
Other debtors
31,000
18,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,551
11,902
Loans from directors
715
1,320
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within other creditors is an amount of £715 (2023;£1,320) due to its director. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).