M.G. INTERNATIONAL LIMITED


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Company Registration No. 07263702 (England and Wales)
M.G. INTERNATIONAL LIMITED Unaudited accounts for the year ended 31 May 2023
M.G. INTERNATIONAL LIMITED Unaudited accounts Contents
Page
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M.G. INTERNATIONAL LIMITED Company Information for the year ended 31 May 2023
Director
Elena Mihaela Constantin
Company Number
07263702 (England and Wales)
Registered Office
OFFICE ME-123 1 ST KATHARINE'S WAY LONDON E1W 1YL ENGLAND
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M.G. INTERNATIONAL LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,184 
6,184 
Current assets
Debtors
- 
4,691 
Cash at bank and in hand
99 
799 
99 
5,490 
Creditors: amounts falling due within one year
(6,026)
(10,717)
Net current liabilities
(5,927)
(5,227)
Net assets
257 
957 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
256 
956 
Shareholders' funds
257 
957 
For the year ending 31 May 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 her 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 20 February 2024 and were signed on its behalf by
Elena Mihaela Constantin Director Company Registration No. 07263702
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M.G. INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
M.G. INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07263702. The registered office is OFFICE ME-123, 1 ST KATHARINE'S WAY, LONDON, E1W 1YL, 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 year, 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.
Livestock - Horses
Animals used for racing
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
6,184 
At 31 May 2023
6,184 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
6,184 
At 31 May 2022
6,184 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,691 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
2,985 
Loans from directors
6,026 
7,732 
6,026 
10,717 
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M.G. INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 May 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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