Company Registration No. 11503442 (England and Wales)
M W Property Developments (Midlands) Ltd
Unaudited accounts
for the year ended 31 August 2023
M W Property Developments (Midlands) Ltd
Unaudited accounts
Contents
M W Property Developments (Midlands) Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
35,715
1,907
Cash at bank and in hand
157,403
120,935
Creditors: amounts falling due within one year
(67,805)
(42,655)
Net current assets
93,338
78,280
Called up share capital
100
100
Profit and loss account
128,953
80,087
Shareholders' funds
129,053
80,187
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 14 August 2024 and were signed on its behalf by
Mr M Wyatt
Director
Company Registration No. 11503442
M W Property Developments (Midlands) Ltd
Notes to the Accounts
for the year ended 31 August 2023
M W Property Developments (Midlands) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11503442. The registered office is 142 Lichfield Road, Bloxwich, Walsall, West Midlands, WS3 3BJ.
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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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2022
-
3,653
3,653
Additions
32,990
2,064
35,054
At 31 August 2023
32,990
5,717
38,707
At 1 September 2022
-
1,746
1,746
Charge for the year
687
559
1,246
At 31 August 2023
687
2,305
2,992
At 31 August 2023
32,303
3,412
35,715
At 31 August 2022
-
1,907
1,907
Amounts falling due within one year
M W Property Developments (Midlands) Ltd
Notes to the Accounts
for the year ended 31 August 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
42,665
9,871
Taxes and social security
3,450
10,636
Other creditors
9,261
7,886
Loans from directors
12,429
14,262
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Average number of employees
During the year the average number of employees was 1 (2022: 1).