MGA ENCOMPASS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 9633411

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		764		-

			764		-
CURRENT ASSETS
Debtors	5	1,333,548		1,390,535
Cash at bank and in hand		574,997		282,254

		1,908,545		1,672,789
Creditors: Amounts Falling Due Within One Year	6	(1,519,062 )		(1,449,876 )

NET CURRENT ASSETS (LIABILITIES)			389,483		222,913

TOTAL ASSETS LESS CURRENT LIABILITIES			390,247		222,913

Creditors: Amounts Falling Due After More Than One Year	7		(26,694 )		(32,320 )

NET ASSETS			363,553		190,593

CAPITAL AND RESERVES
Called up share capital	8		10,000		10,000
Profit and Loss Account			353,553		180,593

SHAREHOLDERS' FUNDS			363,553		190,593

Page 1

Page 2

MGA ENCOMPASS LIMITED

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Keith Julian

Director

16/04/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

MGA ENCOMPASS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 9633411 . The registered office is Room 875, Gallery B, Lloyds 1986 Building, One Lime Street,, One Lime Street, London, EC3M 7HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is brokerage and fees received from the placement of insurance risks

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% per annum on a straight line basis

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	-
Additions	1,019

As at 31 December 2024	1,019

Depreciation
As at 1 January 2024	-
Provided during the period	255

As at 31 December 2024	255

Net Book Value
As at 31 December 2024	764

As at 1 January 2024	-

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,333,529	1,388,913
Net wages	19	-

	1,333,548	1,388,913
Due after more than one year
Other debtors (1)	-	1,622

	1,333,548	1,390,535

Page 3

Page 4

MGA ENCOMPASS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,449,379	1,398,010
Corporation tax	57,141	33,500
Other taxes and social security	6,542	11,116
Other creditors	-	1,250
Accruals and deferred income	6,000	6,000

	1,519,062	1,449,876

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	10,694	16,320
Directors loan account	16,000	16,000

	26,694	32,320

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10,000	10,000

9. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	-	9,900