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
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
MGW (NW) Limited
Statement of financial position
as at 30 September 2023
Tangible assets
4,195
4,198
Cash at bank and in hand
99,570
82,894
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
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
MGW (NW) Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 September 2023
663
1,733
1,799
4,195
At 30 September 2022
437
874
2,887
4,198
Amounts falling due within one year
Accrued income and prepayments
-
384
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
-
Taxes and social security
16,676
13,925
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).