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REGISTERED NUMBER: 09981779 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mw-We Contractors London Ltd

Mw-We Contractors London Ltd (Registered number: 09981779)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Mw-We Contractors London Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K Kovar





SECRETARY:





REGISTERED OFFICE: 20a Lansdowne Road
London
N3 1ES





REGISTERED NUMBER: 09981779 (England and Wales)





ACCOUNTANTS: Arcoiris Associates
Chartered Certified Accountants
30 Barnfield
Iver
Buckinghamshire
SL0 0AL

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Mw-We Contractors London Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mw-We Contractors London Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Mw-We Contractors London Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mw-We Contractors London Ltd and state those matters that we have agreed to state to the director of Mw-We Contractors London Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mw-We Contractors London Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mw-We Contractors London Ltd. You consider that Mw-We Contractors London Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mw-We Contractors London 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 financial statements.






Arcoiris Associates
Chartered Certified Accountants
30 Barnfield
Iver
Buckinghamshire
SL0 0AL


22 September 2023

Mw-We Contractors London Ltd (Registered number: 09981779)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,228 36,717

CURRENT ASSETS
Stocks 5,687 2,800
Debtors 5 32,506 9,898
Cash in hand - 366
38,193 13,064
CREDITORS
Amounts falling due within one year 6 49,460 29,090
NET CURRENT LIABILITIES (11,267 ) (16,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,961

20,691

CREDITORS
Amounts falling due after more than one year 7 13,751 20,242
NET ASSETS 4,210 449

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,209 448
SHAREHOLDERS' FUNDS 4,210 449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2023 and were signed by:





K Kovar - Director


Mw-We Contractors London Ltd (Registered number: 09981779)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mw-We Contractors London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Mw-We Contractors London Ltd (Registered number: 09981779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 71,570
Additions 3,255
At 31 March 2023 74,825
DEPRECIATION
At 1 April 2022 34,853
Charge for year 10,744
At 31 March 2023 45,597
NET BOOK VALUE
At 31 March 2023 29,228
At 31 March 2022 36,717

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 24,400
DEPRECIATION
At 1 April 2022 3,117
Charge for year 3,672
At 31 March 2023 6,789
NET BOOK VALUE
At 31 March 2023 17,611
At 31 March 2022 21,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 30,590 8,293
Other debtors 1,916 1,605
32,506 9,898

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,368 4,275
Hire purchase contracts and finance leases (see note 8)
6,092

7,588
Trade creditors 1,235 567
Taxation and social security 25,688 13,279
Other creditors 6,077 3,381
49,460 29,090

Mw-We Contractors London Ltd (Registered number: 09981779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases (see note 8)
13,751

20,242

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Net obligations repayable:
Within one year 2,232 3,916 3,860 3,672
Between one and five years - 2,631 13,751 17,611
2,232 6,547 17,611 21,283

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases 19,843 27,830

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Kovar.