Company Registration No. 10714583 (England and Wales)
Mg Gas Consultants Ltd
Unaudited accounts
for the year ended 30 April 2025
Mg Gas Consultants Ltd
Unaudited accounts
Contents
Mg Gas Consultants Ltd
Company Information
for the year ended 30 April 2025
Company Number
10714583 (England and Wales)
Registered Office
60 Elder Avenue
Wickford
Essex
SS12 0LU
England
Accountants
Beckett Taylor Limited
63-66 Hatton Garden
London
EC1N 8LE
Mg Gas Consultants Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
6,313
9,614
Cash at bank and in hand
-
238
Creditors: amounts falling due within one year
(13,368)
(24,658)
Net current (liabilities)/assets
(3,743)
314
Total assets less current liabilities
2,570
9,928
Provisions for liabilities
Deferred tax
(1,579)
(2,403)
Called up share capital
20
20
Profit and loss account
971
7,505
Shareholders' funds
991
7,525
For the year ending 30 April 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 15 July 2025 and were signed on its behalf by
Mr M Gray
Director
Company Registration No. 10714583
Mg Gas Consultants Ltd
Notes to the Accounts
for the year ended 30 April 2025
Mg Gas Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 10714583. The registered office is 60 Elder Avenue, Wickford, Essex, SS12 0LU, England.
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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.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
Over 5 years
Motor vehicles
Over 4 years
Fixtures & fittings
Over 5 years
Computer equipment
Over 5 years
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.
Mg Gas Consultants Ltd
Notes to the Accounts
for the year ended 30 April 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
8,273
17,712
6,186
32,171
At 30 April 2025
8,273
17,712
7,688
33,673
At 1 May 2024
3,965
12,658
5,934
22,557
Charge for the year
1,655
2,853
295
4,803
At 30 April 2025
5,620
15,511
6,229
27,360
At 30 April 2025
2,653
2,201
1,459
6,313
At 30 April 2024
4,308
5,054
252
9,614
Amounts falling due within one year
Trade debtors
5,300
12,453
Accrued income and prepayments
2,165
2,860
Mg Gas Consultants Ltd
Notes to the Accounts
for the year ended 30 April 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,230
-
Taxes and social security
6,327
16,298
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
9,370
51,028
57,238
3,160
9,370
51,028
57,238
3,160
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Average number of employees
During the year the average number of employees was 1 (2024: 1).