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Company Registration No. NI687281 (Northern Ireland)
MWD Haulage Ltd Unaudited accounts for the period from 6 April 2022 to 30 April 2023
MWD Haulage Ltd Unaudited accounts Contents
Page
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MWD Haulage Ltd Company Information for the period from 6 April 2022 to 30 April 2023
Director
Mark William Dobbin
Company Number
NI687281 (Northern Ireland)
Registered Office
7 GREENVALE PARK GLEN ANTRIM BT41 1SP NORTHERN IRELAND
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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MWD Haulage Ltd Accountants' report
Accountants' report to the director of MWD Haulage Ltd on the preparation of the unaudited statutory accounts for the period from 6 April 2022 to 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MWD Haulage Ltd for the period from 6 April 2022 to 30 April 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 MWD Haulage Ltd, as a body, in accordance with the terms of our engagement letter dated 1 May 2021. Our work has been undertaken solely to prepare for your approval the accounts of MWD Haulage Ltd 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 MWD Haulage Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MWD Haulage Ltd 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 MWD Haulage Ltd. You consider that MWD Haulage Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of MWD Haulage Ltd. 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.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 1 October 2023
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MWD Haulage Ltd Statement of financial position as at 30 April 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
28,664 
Current assets
Debtors
(947)
Cash at bank and in hand
52,696 
51,749 
Creditors: amounts falling due within one year
(41,947)
Net current assets
9,802 
Total assets less current liabilities
38,466 
Creditors: amounts falling due after more than one year
(33,553)
Net assets
4,913 
Capital and reserves
Called up share capital
1 
Profit and loss account
4,912 
Shareholders' funds
4,913 
For the period ending 30 April 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 1 October 2023 and were signed on its behalf by
Mark William Dobbin Director Company Registration No. NI687281
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MWD Haulage Ltd Notes to the Accounts for the period from 6 April 2022 to 30 April 2023
1
Statutory information
MWD Haulage Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI687281. The registered office is 7 GREENVALE PARK GLEN, ANTRIM, BT41 1SP, NORTHERN IRELAND.
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 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.
Turnover
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director shall continue to adopt the going concern basis of accounting in preparing the financial statements.
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MWD Haulage Ltd Notes to the Accounts for the period from 6 April 2022 to 30 April 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 6 April 2022
- 
Additions
35,830 
At 30 April 2023
35,830 
Depreciation
Charge for the period
7,166 
At 30 April 2023
7,166 
Net book value
At 30 April 2023
28,664 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
(76)
Other debtors
(871)
(947)
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
13,938 
Trade creditors
410 
Taxes and social security
4,551 
Other creditors
6,399 
Loans from directors
16,649 
41,947 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Obligations under finance leases and hire purchase contracts
33,553 
8
Average number of employees
During the period the average number of employees was 0.
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