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Registration number: 13694095

MRW Plumbing Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

MRW Plumbing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

MRW Plumbing Ltd

Company Information

Director

Michael Williams

Registered office

5 The Sidings
Nancegollan
Helston
TR13 0FE

Accountants

Julia Evans Accountants Ltd
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

 

MRW Plumbing Ltd

(Registration number: 13694095)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

32,729

37,817

Current assets

 

Debtors

5

10,012

12,805

Cash at bank and in hand

 

30,097

10,803

 

40,109

23,608

Creditors: Amounts falling due within one year

6

(25,453)

(33,791)

Net current assets/(liabilities)

 

14,656

(10,183)

Total assets less current liabilities

 

47,385

27,634

Provisions for liabilities

(4,524)

(5,120)

Net assets

 

42,861

22,514

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

42,860

22,513

Shareholders' funds

 

42,861

22,514

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

MRW Plumbing Ltd

(Registration number: 13694095)
Balance Sheet as at 31 October 2023

Approved and authorised by the director on 30 July 2024
 

.........................................
Michael Williams
Director

 

MRW Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5 The Sidings
Nancegollan
Helston
TR13 0FE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

MRW Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

20% reducing balance

Office equipment

25% reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

 

MRW Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2022

2,100

31,915

14,280

48,295

Additions

875

3,243

-

4,118

At 31 October 2023

2,975

35,158

14,280

52,413

Depreciation

At 1 November 2022

525

6,383

3,570

10,478

Charge for the year

612

5,106

3,488

9,206

At 31 October 2023

1,137

11,489

7,058

19,684

Carrying amount

At 31 October 2023

1,838

23,669

7,222

32,729

At 31 October 2022

1,575

25,532

10,710

37,817

5

Debtors

Current

2023
£

2022
£

Trade debtors

796

4,048

Prepayments

553

661

Other debtors

8,663

8,096

 

10,012

12,805

 

MRW Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

6,903

4,599

Taxation and social security

7,040

540

Accruals and deferred income

1,277

1,156

Other creditors

10,233

27,496

25,453

33,791

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1