Company registration number SC384613 (Scotland)
MWE WELLSERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
MWE WELLSERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
2,310
3,708
Current assets
116,921
88,220
Prepayments and accrued income
347
399
Creditors: amounts falling due within one year
(60,452)
(44,971)
Net current assets
56,816
43,648
Total assets less current liabilities
59,126
47,356
Creditors: amounts falling due after more than one year
(13,600)
(18,400)
Accruals and deferred income
(1,320)
(1,200)
Net assets
44,206
27,756
Equity
44,206
27,756
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year the directors withdrew £148,421 from the company and received dividends of £109,000. At the year end date, the balance due to the company from the directors was £69,638 (2022 - £30,217).
2
Employees
The average number of persons (including directors) employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
MWE Wellservices Limited is a private company limited by shares incorporated in Scotland. The registered office is 46 Renny Crescent, Montrose, Angus, DD10 9BN.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
MWE WELLSERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
(e) the company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and we confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true
The financial statements were approved by the board of directors and authorised for issue on 16 October 2023 and are signed on its behalf by:
Mr M W Emslie
Director
Company registration number SC384613 (Scotland)