MG Partitions & Ceilings Limited - Accounts to registrar (filleted) - small 18.2
MG Partitions & Ceilings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 28 February 2019 |
| for |
| MG Partitions & Ceilings Limited |
| MG Partitions & Ceilings Limited (Registered number: 07495968) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| MG Partitions & Ceilings Limited |
| Company Information |
| for the Year Ended 28 February 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bridge House |
| 9-13 Holbrook Lane |
| Coventry |
| CV6 4AD |
| MG Partitions & Ceilings Limited (Registered number: 07495968) |
| Statement of Financial Position |
| 28 February 2019 |
| 28.2.19 | 28.2.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| MG Partitions & Ceilings Limited (Registered number: 07495968) |
| Statement of Financial Position - continued |
| 28 February 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| MG Partitions & Ceilings Limited (Registered number: 07495968) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2019 |
| 1. | STATUTORY INFORMATION |
| MG Partitions & Ceilings Limited is a |
| 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 |
| Turnover |
| Revenue 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2018 |
| and 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| MG Partitions & Ceilings Limited (Registered number: 07495968) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 5. | INVENTORIES |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Trade Debtors |
| Loan to Inter Company | - | 116 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Bank loans and overdrafts |
| Trade Creditors |
| Wages Payable | 5,127 | 782 |
| Other Creditors | 107,492 | - |
| CIS Account | 15,213 | 14,875 |
| Sundry Creditors | - | 116 |
| Corporation Tax |
| Social security and other taxes |
| Deferred VAT | 47,201 | 9,297 |
| Value Added Tax | 207 | 1,720 |
| Directors' current accounts | 29,583 | 18,500 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Other loans - 1-2 years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.19 | 28.2.18 |
| value: | £ | £ |
| Ordinary Shares | 1 | 100 | 100 |
| MG Partitions & Ceilings Limited (Registered number: 07495968) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 March 2018 |
| Profit for the year |
| Dividends | ( |
) |
| At 28 February 2019 |
| MG Partitions & Ceilings Limited |
| Report of the Accountants to the Director of |
| MG Partitions & Ceilings Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's |
| annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Statement of Financial Position. Readers are cautioned that the Income |
| Statement and certain other primary statements and the Report of the Director are not required to be |
| filed with the Registrar of Companies. |
| As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 28 February 2019 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Bridge House |
| 9-13 Holbrook Lane |
| Coventry |
| CV6 4AD |
| Date: ............................................. |