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REGISTERED NUMBER: 05092884 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

MW Scaffolding UK Limited

MW Scaffolding UK Limited (Registered number: 05092884)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MW Scaffolding UK Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Wasiel
T Wasiel





REGISTERED OFFICE: Centre House
St Leonards Road
London
NW10 6ST





REGISTERED NUMBER: 05092884 (England and Wales)





ACCOUNTANTS: Ace Associates (UK) Limited T/A Ace Accountants
44 Hartford Avenue
Kenton
Middlesex
HA3 8SY

MW Scaffolding UK Limited (Registered number: 05092884)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,652,238 3,701,028
Investments 5 100 100
3,652,338 3,701,128

CURRENT ASSETS
Stocks 6 5,158 17,449
Debtors 7 1,029,491 889,441
Cash at bank and in hand 122,941 162,607
1,157,590 1,069,497
CREDITORS
Amounts falling due within one year 8 620,416 675,867
NET CURRENT ASSETS 537,174 393,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,189,512

4,094,758

CREDITORS
Amounts falling due after more than one
year

9

1,620,846

1,730,895
NET ASSETS 2,568,666 2,363,863

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 233,667 233,667
Retained earnings 2,334,899 2,130,096
SHAREHOLDERS' FUNDS 2,568,666 2,363,863

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 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.

MW Scaffolding UK Limited (Registered number: 05092884)

Balance Sheet - continued
31 March 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 23 November 2023 and were signed on its behalf by:





M Wasiel - Director


MW Scaffolding UK Limited (Registered number: 05092884)

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

1. STATUTORY INFORMATION

MW Scaffolding UK 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
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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 10 ).

MW Scaffolding UK Limited (Registered number: 05092884)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 3,443,600 874,585 306,955 4,625,140
Additions - 14,589 24,000 38,589
At 31 March 2023 3,443,600 889,174 330,955 4,663,729
DEPRECIATION
At 1 April 2022 - 810,038 114,074 924,112
Charge for year - 22,888 64,491 87,379
At 31 March 2023 - 832,926 178,565 1,011,491
NET BOOK VALUE
At 31 March 2023 3,443,600 56,248 152,390 3,652,238
At 31 March 2022 3,443,600 64,547 192,881 3,701,028

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 5,158 17,449

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Debtors and prepayments 286,564 138,716
Other debtors 742,927 750,725
1,029,491 889,441

MW Scaffolding UK Limited (Registered number: 05092884)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 131,477 131,477
Trade creditors 160,107 206,255
Tax 67,715 114,711
Social security and other taxes 4,482 15,075
VAT 19,671 12,075
Directors Current Account (3,776 ) 619
Other Creditors 72,847 52,892
Accrued expenses 167,893 142,763
620,416 675,867

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 1,620,846 1,730,895

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 233,667

11. RELATED PARTY DISCLOSURES

The Other Debtors includes amount £735,523 due from MW UK Investments Ltd, a wholly owned subsidiary company.