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REGISTERED NUMBER: 07853473 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MW FINANCIAL SERVICES (PRESTON) LTD

MW FINANCIAL SERVICES (PRESTON) LTD (REGISTERED NUMBER: 07853473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MW FINANCIAL SERVICES (PRESTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M A Worrall
Mrs R Worrall





REGISTERED OFFICE: 12 Kirkhead
Much Hoole
Preston
Lancashire
PR4 4GP





REGISTERED NUMBER: 07853473 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
PRESTON
Lancashire
PR2 2YH

MW FINANCIAL SERVICES (PRESTON) LTD (REGISTERED NUMBER: 07853473)

BALANCE SHEET
30 SEPTEMBER 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 479 -

CURRENT ASSETS
Debtors 5 13,409 13,622
Cash at bank 1,293 8,708
14,702 22,330
CREDITORS
Amounts falling due within one year 6 12,338 20,249
NET CURRENT ASSETS 2,364 2,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,843

2,081

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,743 1,981
SHAREHOLDERS' FUNDS 2,843 2,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 24 July 2024 and were signed on its behalf by:





M A Worrall - Director


MW FINANCIAL SERVICES (PRESTON) LTD (REGISTERED NUMBER: 07853473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

MW Financial Services (Preston) Ltd 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 etc - 33% on cost

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.

Going concern
The Directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

MW FINANCIAL SERVICES (PRESTON) LTD (REGISTERED NUMBER: 07853473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 715
At 30 September 2023 715
DEPRECIATION
Charge for year 236
At 30 September 2023 236
NET BOOK VALUE
At 30 September 2023 479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 4,500 4,500
Directors' current accounts 8,909 9,122
13,409 13,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Tax 11,231 12,147
Other creditors 387 -
Accrued expenses 720 8,102
12,338 20,249

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/23 30/9/22
value: £    £   
100 Ordinary 1 100 100

MW FINANCIAL SERVICES (PRESTON) LTD (REGISTERED NUMBER: 07853473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30/9/23 30/9/22
£    £   
M A Worrall and Mrs R Worrall
Balance outstanding at start of year 9,122 482
Amounts advanced 44,787 47,640
Amounts repaid (45,000 ) (39,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,909 9,122