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REGISTERED NUMBER: 06797524 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ADAPTATIONS MW LIMITED

ADAPTATIONS MW LIMITED (REGISTERED NUMBER: 06797524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ADAPTATIONS MW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: S E Searle
S J Searle





SECRETARY: S E Searle





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 06797524 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

ADAPTATIONS MW LIMITED (REGISTERED NUMBER: 06797524)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,558 38,195

CURRENT ASSETS
Stocks 34,005 20,000
Debtors 5 58,628 44,551
Cash at bank 5,221 7,382
97,854 71,933
CREDITORS
Amounts falling due within one year 6 84,592 71,615
NET CURRENT ASSETS 13,262 318
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,820

38,513

CREDITORS
Amounts falling due after more than one
year

7

(57,873

)

(58,227

)

PROVISIONS FOR LIABILITIES (2,021 ) -
NET ASSETS/(LIABILITIES) 20,926 (19,714 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,924 (19,716 )
SHAREHOLDERS' FUNDS 20,926 (19,714 )

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

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

The directors acknowledge their 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.

ADAPTATIONS MW LIMITED (REGISTERED NUMBER: 06797524)

BALANCE SHEET - continued
31 JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




S E Searle - Director



S J Searle - Director


ADAPTATIONS MW LIMITED (REGISTERED NUMBER: 06797524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Adaptations MW Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
In accordance with s24 of FRS 102 these are treated using the accruals model and so are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grants are intended to compensate.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

ADAPTATIONS MW LIMITED (REGISTERED NUMBER: 06797524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 24,205 49,499 2,709 76,413
Additions - 48,930 - 48,930
Disposals - (14,000 ) - (14,000 )
At 31 January 2023 24,205 84,429 2,709 111,343
DEPRECIATION
At 1 February 2022 20,033 15,984 2,201 38,218
Charge for year 1,043 10,481 168 11,692
Eliminated on disposal - (6,125 ) - (6,125 )
At 31 January 2023 21,076 20,340 2,369 43,785
NET BOOK VALUE
At 31 January 2023 3,129 64,089 340 67,558
At 31 January 2022 4,172 33,515 508 38,195

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 27,430
At 31 January 2023 27,430
DEPRECIATION
Charge for year 3,158
At 31 January 2023 3,158
NET BOOK VALUE
At 31 January 2023 24,272

ADAPTATIONS MW LIMITED (REGISTERED NUMBER: 06797524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 50,475 33,950
VAT 6,631 7,091
Deferred tax asset
Accelerated capital allowances - 949
Prepayments 1,522 2,561
58,628 44,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 8,915 8,852
Hire purchase contracts 11,714 4,367
Trade creditors 38,049 44,069
Tax 11,071 162
Social security and other taxes (1,826 ) (6,982 )
Directors' current accounts 13,222 18,122
Deferred income 1,025 676
Accrued expenses 2,422 2,349
84,592 71,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 8,915 8,852
Bank loans - 2-5 years 13,597 22,232
Hire purchase contracts 25,361 17,143
Directors' loan accounts 10,000 10,000
57,873 58,227

8. RELATED PARTY DISCLOSURES

At the year end the company owed £23,222 (2022 £28,122) to the directors. The loan is interest free and payable on demand.

The loan is split within the financial statements as £13,222 being due within one year (2022 £18,122) and the balance of £10,000 being due after more than one year (2022: £10,000).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ADAPTATIONS MW LIMITED

The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Adaptations MW Limited for the year ended 31 January 2023 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Adaptations MW Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adaptations MW Limited and state those matters that we have agreed to state to the Board of Directors of Adaptations MW Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adaptations MW Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Adaptations MW Limited 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 Adaptations MW Limited. You consider that Adaptations MW Limited 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 Adaptations MW Limited. 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


19 October 2023