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Company Registration No. 10981738 (England and Wales)
MGW (NW) Limited Unaudited accounts for the year ended 30 September 2023
MGW (NW) Limited Unaudited accounts Contents
Page
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MGW (NW) Limited Company Information for the year ended 30 September 2023
Directors
Mark Williams Gemma Marie Williams
Company Number
10981738 (England and Wales)
Registered Office
50 MOOR ROAD ORRELL WIGAN LANCASHIRE WN5 8RR UNITED KINGDOM
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MGW (NW) Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,195 
4,198 
Current assets
Debtors
- 
384 
Cash at bank and in hand
99,570 
82,894 
99,570 
83,278 
Creditors: amounts falling due within one year
(24,479)
(37,854)
Net current assets
75,091 
45,424 
Total assets less current liabilities
79,286 
49,622 
Creditors: amounts falling due after more than one year
(34,107)
- 
Provisions for liabilities
Deferred tax
(858)
- 
Net assets
44,321 
49,622 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
44,221 
49,522 
Shareholders' funds
44,321 
49,622 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Mark Williams Director Company Registration No. 10981738
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MGW (NW) Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
MGW (NW) Limited is a private company, limited by shares, registered in England and Wales, registration number 10981738. The registered office is 50 MOOR ROAD, ORRELL, WIGAN, LANCASHIRE, WN5 8RR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
596 
1,498 
5,321 
7,415 
Additions
531 
1,321 
- 
1,852 
At 30 September 2023
1,127 
2,819 
5,321 
9,267 
Depreciation
At 1 October 2022
159 
624 
2,434 
3,217 
Charge for the year
305 
462 
1,088 
1,855 
At 30 September 2023
464 
1,086 
3,522 
5,072 
Net book value
At 30 September 2023
663 
1,733 
1,799 
4,195 
At 30 September 2022
437 
874 
2,887 
4,198 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
384 
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MGW (NW) Limited Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,495 
- 
VAT
2,241 
8,350 
Trade creditors
67 
15,579 
Taxes and social security
16,676 
13,925 
24,479 
37,854 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,107 
- 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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