MGS AUTOMOTIVE LTD


1 February 2022 false No description of principal activity Taxfiler 2023.11 13126181business:PrivateLimitedCompanyLtd2022-02-012023-03-31 131261812022-01-31 131261812022-02-012023-03-31 13126181business:AuditExemptWithAccountantsReport2022-02-012023-03-31 13126181business:FilletedAccounts2022-02-012023-03-31 131261812023-03-31 13126181business:Director22022-02-012023-03-31 13126181business:RegisteredOffice2022-02-012023-03-31 131261812022-01-31 13126181core:WithinOneYear2023-03-31 13126181core:WithinOneYear2022-01-31 13126181core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13126181core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 13126181core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13126181core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 13126181core:PreviouslyStatedAmount2023-03-31 13126181core:PreviouslyStatedAmount2022-01-31 13126181business:SmallEntities2022-02-012023-03-31 13126181countries:EnglandWales2022-02-012023-03-31 131261812021-01-112022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13126181 (England and Wales)
MGS AUTOMOTIVE LTD Unaudited accounts for the period from 1 February 2022 to 31 March 2023
MGS AUTOMOTIVE LTD Unaudited accounts Contents
Page
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MGS AUTOMOTIVE LTD Company Information for the period from 1 February 2022 to 31 March 2023
Director
Alexander Paredes
Company Number
13126181 (England and Wales)
Registered Office
UNIT 4 MELVILLE HOUSE QUEENS AVENUE MACCLESFIELD SK10 2BN ENGLAND
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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MGS AUTOMOTIVE LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
100 
Current assets
Inventories
20,000 
- 
Debtors
3,068 
- 
23,068 
- 
Creditors: amounts falling due within one year
(15,083)
- 
Net current assets
7,985 
- 
Net assets
7,985 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,885 
- 
Shareholders' funds
7,985 
100 
For the period ending 31 March 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 18 December 2023 and were signed on its behalf by
Alexander Paredes Director Company Registration No. 13126181
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MGS AUTOMOTIVE LTD Notes to the Accounts for the period from 1 February 2022 to 31 March 2023
1
Statutory information
MGS AUTOMOTIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 13126181. The registered office is UNIT 4 MELVILLE HOUSE, QUEENS AVENUE, MACCLESFIELD, SK10 2BN, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,068 
- 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,620 
- 
Trade creditors
1,212 
- 
Taxes and social security
1,849 
- 
Loans from directors
2,402 
- 
15,083 
- 
6
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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