Company registration number 01703570 (England and Wales)
FAVOURSTATE LTD
T/A MW FLOORING
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
FAVOURSTATE LTD
T/A MW FLOORING
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
2,364
4,302
Current assets
88,673
81,518
Prepayments and accrued income
1,283
1,237
Creditors: amounts falling due within one year
(29,091)
(20,948)
Net current assets
60,865
61,807
Total assets less current liabilities
63,229
66,109
Net assets
63,229
66,109
Capital and reserves
63,229
66,109
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

Advances or credits have been granted by the company to its directors as follows:

 

 

Int rate

Opening balance

Amounts advanced

Amounts repaid

Closing balance

Mr T Murphy

0%

27612

24564

(27000)

25176

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
3
3

Favourstate Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Shore Street, Barrow in Furness, Cumbria, LA14 2UB.

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 director acknowledges his 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.

FAVOURSTATE LTD
T/A MW FLOORING
BALANCE SHEET (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.

The financial statements were approved and signed by the director and authorised for issue on 22 September 2023
Terence Murphy
Director
Company registration number 01703570 (England and Wales)
2023-03-312022-04-01falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr T Murphyfalse017035702022-04-012023-03-31017035702023-03-31017035702022-03-3101703570core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3101703570core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-31017035702021-04-012022-03-3101703570bus:Director12022-04-012023-03-3101703570bus:PrivateLimitedCompanyLtd2022-04-012023-03-3101703570bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101703570bus:Micro-entities2022-04-012023-03-3101703570bus:AuditExemptWithAccountantsReport2022-04-012023-03-3101703570bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP