Company Registration No. 08858826 (England and Wales)
M & G Garage Limited
Unaudited accounts
for the year ended 31 January 2023
M & G Garage Limited
Unaudited accounts
Contents
M & G Garage Limited
Company Information
for the year ended 31 January 2023
Director
Mr Gileno Bertoldo De Melo
Company Number
08858826 (England and Wales)
Registered Office
Railway Arches
458 Andre Street, Hackney
London
E8 2AA
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
M & G Garage Limited
Accountants' report
Accountants' report to the director of M & G Garage Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
M & G Garage Limited for the year ended
31 January 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M & G Garage Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M & G Garage Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & G Garage 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 Garage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M & G Garage Limited. You consider that M & G Garage Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M & G Garage 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 accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
23 October 2023
M & G Garage Limited
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
422
1,771
Creditors: amounts falling due within one year
(424)
(1,388)
Net current assets
6,504
10,526
Total assets less current liabilities
6,504
10,526
Creditors: amounts falling due after more than one year
(17,083)
(22,083)
Net liabilities
(10,579)
(11,557)
Called up share capital
1
1
Profit and loss account
(10,580)
(11,558)
Shareholders' funds
(10,579)
(11,557)
For the year ending 31 January 2023 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 23 October 2023 and were signed on its behalf by
Mr Gileno Bertoldo De Melo
Director
Company Registration No. 08858826
M & G Garage Limited
Notes to the Accounts
for the year ended 31 January 2023
M & G Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 08858826. The registered office is Railway Arches, 458 Andre Street, Hackney, London, E8 2AA.
2
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Amounts falling due within one year
Other debtors
6,506
10,143
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
388
116
M & G Garage Limited
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
