IRIS Accounts Production v24.3.0.553 07243486 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072434862023-03-31072434862024-03-31072434862023-04-012024-03-31072434862022-03-31072434862022-04-012023-03-31072434862023-03-3107243486ns15:EnglandWales2023-04-012024-03-3107243486ns14:PoundSterling2023-04-012024-03-3107243486ns10:Director12023-04-012024-03-3107243486ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107243486ns10:SmallEntities2023-04-012024-03-3107243486ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3107243486ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107243486ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107243486ns10:FullAccounts2023-04-012024-03-3107243486ns10:RegisteredOffice2023-04-012024-03-3107243486ns5:CurrentFinancialInstruments2024-03-3107243486ns5:CurrentFinancialInstruments2023-03-3107243486ns5:ShareCapital2024-03-3107243486ns5:ShareCapital2023-03-3107243486ns5:RetainedEarningsAccumulatedLosses2024-03-3107243486ns5:RetainedEarningsAccumulatedLosses2023-03-3107243486ns5:PlantMachinery2023-04-012024-03-3107243486ns5:PlantMachinery2023-03-3107243486ns5:PlantMachinery2024-03-3107243486ns5:PlantMachinery2023-03-3107243486ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107243486ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31072434861ns10:Director12023-03-31072434861ns10:Director12022-03-31072434861ns10:Director12023-04-012024-03-31072434861ns10:Director12022-04-012023-03-31072434861ns10:Director12024-03-31072434861ns10:Director12023-03-31
REGISTERED NUMBER: 07243486 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MFW 66 Limited

MFW 66 Limited (Registered number: 07243486)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

MFW 66 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr M F Whitaker





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 07243486 (England and Wales)





ACCOUNTANTS: Asquith Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

MFW 66 Limited (Registered number: 07243486)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,653 11,501

CURRENT ASSETS
Stocks 70,049 33,750
Debtors 5 11,285 22,320
Cash at bank and in hand 444,427 430,662
525,761 486,732
CREDITORS
Amounts falling due within one year 6 60,650 65,889
NET CURRENT ASSETS 465,111 420,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,764

432,344

PROVISIONS FOR LIABILITIES 4,029 2,185
NET ASSETS 480,735 430,159

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 480,734 430,158
SHAREHOLDERS' FUNDS 480,735 430,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 October 2024 and were signed by:



Mr M F Whitaker - Director


MFW 66 Limited (Registered number: 07243486)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MFW 66 Limited 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, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

MFW 66 Limited (Registered number: 07243486)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,425
Additions 11,915
At 31 March 2024 47,340
DEPRECIATION
At 1 April 2023 23,924
Charge for year 3,763
At 31 March 2024 27,687
NET BOOK VALUE
At 31 March 2024 19,653
At 31 March 2023 11,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,178 17,858
Other debtors 5,107 4,462
11,285 22,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,855 7,788
Taxation and social security 17,278 25,636
Other creditors 30,517 32,465
60,650 65,889

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr M F Whitaker
Balance outstanding at start of year (27,751 ) (23,469 )
Amounts advanced 14,784 23,574
Amounts repaid (12,322 ) (27,856 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,289 ) (27,751 )

MFW 66 Limited

Report of the Accountants to the Director of
MFW 66 Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Asquith Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX


Date: .............................................