M.G.Caravan Company Limited - Accounts to registrar (filleted) - small 18.2

M.G.Caravan Company Limited - Accounts to registrar (filleted) - small 18.2

M.G.CARAVAN COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00415841 (England and Wales)














Unaudited Financial Statements

for the Period 1 February 2019 to 31 July 2020

for

M.G.Caravan Company Limited
M.G.Caravan Company Limited (Registered number: 00415841)

Contents of the Financial Statements
for the Period 1 February 2019 to 31 July 2020










Page

Chartered accountants' report 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M.G.Caravan Company Limited


The following reproduces the text of the report prepared for the directors 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 directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of M.G.Caravan Company Limited for the period ended 31 July 2020 which comprise the Income
statement, Statement of financial position and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M.G.Caravan Company Limited, as a body, in accordance with the terms of our engagement letter dated 10 September 2019. Our work has been undertaken solely to prepare for your approval the financial statements of M.G.Caravan Company Limited and state those matters that we have agreed to state to the Board of Directors of M.G.Caravan Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.G.Caravan Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M.G.Caravan Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.G.Caravan Company Limited. You consider that M.G.Caravan Company Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of M.G.Caravan Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank Chambers
27a Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


15 September 2020

This page does not form part of the statutory financial statements

Page 1
M.G.Caravan Company Limited (Registered number: 00415841)

Statement of Financial Position
31 July 2020

2020 2019
Notes £    £    £    £   
Fixed assets
Tangible assets 5 30,569 15,530

Current assets
Stocks 257,324 659,564
Debtors 6 171,282 9,120
Cash at bank and in hand 118,038 282,659
546,644 951,343
Creditors
Amounts falling due within one year 7 53,285 578,665
Net current assets 493,359 372,678
Total assets less current liabilities 523,928 388,208

Creditors
Amounts falling due after more than one
year
8
(28,546
)
-

Provisions for liabilities (5,808 ) (3,106 )

Accruals and deferred income (20,604 ) (12,753 )
Net assets 468,970 372,349

Capital and reserves
Called up share capital 2,510 2,510
Capital redemption reserve (180,690 ) (180,690 )
Retained earnings 647,150 550,529
468,970 372,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2020 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 notes form part of these financial statements

Page 2 continued...
M.G.Caravan Company Limited (Registered number: 00415841)

Statement of Financial Position - continued
31 July 2020


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 and authorised for issue on 15 September 2020 and
were signed on its behalf by:




M Greenwood - Director



J Greenwood - Director


The notes form part of these financial statements

Page 3
M.G.Caravan Company Limited (Registered number: 00415841)

Notes to the Financial Statements
for the Period 1 February 2019 to 31 July 2020


1. Statutory information

M.G.Caravan Company Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 00415841

Registered office: Glenroyd
Burnley Road
Todmorden
Lancashire
OL14 7DJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 - 25% on reducing balance and 15% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.


Page 4 continued...
M.G.Caravan Company Limited (Registered number: 00415841)

Notes to the Financial Statements - continued
for the Period 1 February 2019 to 31 July 2020


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. Employees and directors

The average number of employees during the period was 6 (2019 - 6 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2019 99,502
Additions 39,740
At 31 July 2020 139,242
Depreciation
At 1 February 2019 83,972
Charge for period 24,701
At 31 July 2020 108,673
Net book value
At 31 July 2020 30,569
At 31 January 2019 15,530

6. Debtors: amounts falling due within one year
2020 2019
£    £   
Trade debtors 1,282 1,109
Other debtors 170,000 8,011
171,282 9,120

Page 5 continued...
M.G.Caravan Company Limited (Registered number: 00415841)

Notes to the Financial Statements - continued
for the Period 1 February 2019 to 31 July 2020


7. Creditors: amounts falling due within one year
2020 2019
£    £   
Hire purchase contracts 5,921 1,667
Trade creditors 1,757 121,039
Taxation and social security 24,144 24,405
Other creditors 21,463 431,554
53,285 578,665

8. Creditors: amounts falling due after more than one year
2020 2019
£    £   
Hire purchase contracts 28,546 -

Page 6