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REGISTERED NUMBER: 10577587 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31st January 2024

for

MWM (Anglia) Ltd

MWM (Anglia) Ltd (Registered number: 10577587)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MWM (Anglia) Ltd

Company Information
for the year ended 31st January 2024







DIRECTORS: Mr M Martin
Mrs J L Martin





REGISTERED OFFICE: 58 Wilton Road
Feltwell
Thetford
Norfolk
IP26 4AY





REGISTERED NUMBER: 10577587 (England and Wales)





ACCOUNTANTS: TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU

MWM (Anglia) Ltd (Registered number: 10577587)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,784 15,145

CURRENT ASSETS
Stocks 13,308 -
Debtors 5 2,971 1,347
Cash at bank 4,622 1,994
20,901 3,341
CREDITORS
Amounts falling due within one year 6 18,105 21,146
NET CURRENT ASSETS/(LIABILITIES) 2,796 (17,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,580 (2,660 )

CREDITORS
Amounts falling due after more than one
year

7

18,339

20,412
NET ASSETS/(LIABILITIES) 8,241 (23,072 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8 8,041 (23,272 )
8,241 (23,072 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

MWM (Anglia) Ltd (Registered number: 10577587)

Balance Sheet - continued
31st January 2024


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 17th October 2024 and were signed on its behalf by:





Mr M Martin - Director


MWM (Anglia) Ltd (Registered number: 10577587)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

MWM (Anglia) 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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its directors. The financial statements do not include any adjustments that would result if such support is not continuing.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MWM (Anglia) Ltd (Registered number: 10577587)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st February 2023 1,997 18,990 20,987
Additions - 30,750 30,750
Disposals - (18,990 ) (18,990 )
At 31st January 2024 1,997 30,750 32,747
DEPRECIATION
At 1st February 2023 1,095 4,747 5,842
Charge for year 180 7,688 7,868
Eliminated on disposal - (4,747 ) (4,747 )
At 31st January 2024 1,275 7,688 8,963
NET BOOK VALUE
At 31st January 2024 722 23,062 23,784
At 31st January 2023 902 14,243 15,145

MWM (Anglia) Ltd (Registered number: 10577587)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st February 2023 18,990
Additions 30,750
Disposals (18,990 )
At 31st January 2024 30,750
DEPRECIATION
At 1st February 2023 4,747
Charge for year 7,688
Eliminated on disposal (4,747 )
At 31st January 2024 7,688
NET BOOK VALUE
At 31st January 2024 23,062
At 31st January 2023 14,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,754 598
Tax 101 101
Prepayments 1,116 648
2,971 1,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,300 3,900
Hire purchase contracts 2,444 2,336
Trade creditors 74 980
Tax 3,205 -
Social security and other taxes 123 -
VAT 3,135 742
Directors' loan accounts 3,989 12,463
Accrued expenses 835 725
18,105 21,146

MWM (Anglia) Ltd (Registered number: 10577587)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,033 9,396
Hire purchase contracts 13,306 11,016
18,339 20,412

8. RESERVES
Retained
earnings
£   

At 1st February 2023 (23,272 )
Profit for the year 56,313
Dividends (25,000 )
At 31st January 2024 8,041

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No interest has been charged on this balance.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Martin.