MGT Motorsport Limited - Period Ending 2016-03-31

Registration number: 08972672

MGT Motorsport Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2016

MGT Motorsport Limited

Contents

Company Information	1
Balance Sheet	2 to 4
Notes to the Financial Statements	3

MGT Motorsport Limited

Company Information

Directors

Mr Mark Anthony Biggers Mr Garth Wong

Registered office

Enterprise House Tenlons Road Nuneaton Warwickshire CV10 7HR

Page 1

MGT Motorsport Limited

(Registration number: 08972672)
Balance Sheet as at 31 March 2016

	Note	2016  £	2015  £
Fixed assets		166,388	148,515
Current assets		76,989	78,791
Creditors: Amounts falling due within one year		(133,195)	(138,704)
Net current liabilities		(56,206)	(59,913)
Total assets less current liabilities		110,182	88,602
Creditors: Amounts falling due after more than one year		(72,069)	(82,672)
Accruals and deferred income		(36,521)	(5,342)
		1,592	588
Capital and reserves		1,592	588

The notes on page 3 form an integral part of these financial statements.
Page 2

MGT Motorsport Limited

(Registration number: 08972672)
Balance Sheet as at 31 March 2016

Notes to the Financial Statements for the Year Ended 31 March 2016

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Enterprise House
Tenlons Road
Nuneaton
Warwickshire
CV10 7HR

The principal place of business is:
Unit 3 Colbeck Court
Haunchwood Park Ind Est
Galley Common
Nuneaton
CV10 9SP

These financial statements were authorised for issue by the Board on 21 December 2016.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Page 3

MGT Motorsport Limited

(Registration number: 08972672)
Balance Sheet as at 31 March 2016

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 21 December 2016 and signed on its behalf by:
 

.........................................

Mr Mark Anthony Biggers

Director

.........................................

Mr Garth Wong

Director

The notes on page 3 form an integral part of these financial statements.
Page 4