MGS Investments Limited - Period Ending 2013-12-31

MGS Investments Limited - Period Ending 2013-12-31

MGS INVESTMENTS LIMITED - Company Information

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MGS Investments Limited 06711922 false true 2013-01-01 2013-12-31 2013-12-31 06711922 2013-01-01 2013-12-31 06711922 2013-12-31 06711922 uk-bus:Director3 2013-01-01 2013-12-31 06711922 uk-bus:EntityAccountantsOrAuditors 2013-01-01 2013-12-31 06711922 2012-12-31 06711922 2012-12-31 iso4217:GBP

Registration number: 06711922

MGS Investments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Charter Tax Consulting Limited
11 St James's Place
London
England
SW1A 1NP

 

MGS Investments Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

MGS Investments Limited
(Registration number: 06711922)
Abbreviated Balance Sheet at 31 December 2013

   

Note

    

2013
£

    

2012
£

  

Current assets

  

             

Cash at bank and in hand

  

   

2

   

2

 

Capital and reserves

  

             

Called up share capital

 

2

   

2

   

2

 

Shareholders' funds

  

   

2

   

2

 

For the year ending 31 December 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 August 2014 and signed on its behalf by:


Miss JT Paterson
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

 

MGS Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

                         

3

Control

The company is controlled by the shareholders. However, the directors are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the Standard in respect of confidentiality.

Page 2