MG&T (Hampshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09168154 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

MG&T (Hampshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K L Matchan

Mrs L F Place

REGISTERED OFFICE:

The Stables

Stansted Park

Rowlands Castle

Havant

Hampshire

PO9 6DX

REGISTERED NUMBER:

09168154 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

The Stables

Stansted Park

Rowlands Castle

Havant

Hampshire

PO9 6DX

FIXED ASSETS

Tangible assets

3

300

374

CURRENT ASSETS

Stocks

246,000

265,000

Debtors

4

31,487

34,135

Cash at bank

98,440

119,405

375,927

418,540

CREDITORS

Amounts falling due within one year

5

283,589

282,321

NET CURRENT ASSETS

92,338

136,219

TOTAL ASSETS LESS CURRENT LIABILITIES

92,638

136,593

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

92,536

136,491

SHAREHOLDERS' FUNDS

92,638

136,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2020 and were signed on its behalf by:

K L Matchan - Director

Mrs L F Place - Director

1.	STATUTORY INFORMATION

MG&T (Hampshire) Limited is a private company, limited by shares , registered in England and 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

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

Turnover

Turnover 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

and 31 August 2019

876

DEPRECIATION

At 1 September 2018

502

Charge for year

74

At 31 August 2019

576

NET BOOK VALUE

At 31 August 2019

300

At 31 August 2018

374

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

7,987

(876

)

Other debtors

23,500

35,011

31,487

34,135

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

525

-

Taxation and social security

1,032

309

Other creditors

282,032

282,012

283,589

282,321

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Peter Matchan by virtue of his shareholding.