MG Financial Services Ltd - Period Ending 2013-12-31

MG Financial Services Ltd - Period Ending 2013-12-31

MG FINANCIAL SERVICES LTD - Company Information

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MG Financial Services Ltd 06123962 false true 2013-01-01 2013-12-31 2013-12-31 06123962 2013-01-01 2013-12-31 06123962 2013-12-31 06123962 uk-bus:OrdinaryShareClass1 2013-12-31 06123962 uk-bus:Director1 2013-01-01 2013-12-31 06123962 uk-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 06123962 uk-bus:EntityAccountantsOrAuditors 2013-01-01 2013-12-31 06123962 2012-12-31 06123962 2012-12-31 06123962 uk-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP xbrli:shares

Registration number: 06123962

MG Financial Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

 

MG Financial Services Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

MG Financial Services Ltd
(Registration number: 06123962)
Abbreviated Balance Sheet at 31 December 2013

   

Note

    

2013
£

    

2012
£

  

Current assets

  

             

Debtors

  

   

3,100

   

3,100

 

Cash at bank and in hand

  

   

301

   

445

 
   

   

3,401

   

3,545

 

Creditors: Amounts falling due within one year

  

   

(1,545)

   

(1,544)

 

Net assets

  

   

1,856

   

2,001

 

Capital and reserves

  

             

Called up share capital

 

2

   

100

   

100

 

Profit and loss account

  

   

1,756

   

1,901

 

Shareholders' funds

  

   

1,856

   

2,001

 

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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 30 September 2014

.........................................
Gavin Fernandes
Director

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

 

MG Financial Services Ltd
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).

2

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

3

Related party transactions

During the year the company made the following related party transactions:

Gavin Fernandes
 (Director)
During the year Gavin Fernandes received loans from the company. The maximum amount owed to the company during the year was £3,000. At the balance sheet date the amount due from Gavin Fernandes was £3,000 (2012 - £3,000).

Page 2