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REGISTERED NUMBER: 08273403 (England and Wales)









Unaudited Financial Statements

for the Period 1 November 2022 to 26 October 2023

for

MW Builders Ltd

MW Builders Ltd (Registered number: 08273403)






Contents of the Financial Statements
for the Period 1 November 2022 to 26 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MW Builders Ltd

Company Information
for the Period 1 November 2022 to 26 October 2023







DIRECTOR: Mr M J Wilcox





REGISTERED OFFICE: Unit 15
Waterside Mill
Waterside
Macclesfield
Cheshire
SK11 7HG





REGISTERED NUMBER: 08273403 (England and Wales)





ACCOUNTANTS: Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

MW Builders Ltd (Registered number: 08273403)

Balance Sheet
26 October 2023

26.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 55,622 67,342

CURRENT ASSETS
Stocks 19,000 -
Debtors 5 5,618 18,391
Cash at bank 63,320 86,813
87,938 105,204
CREDITORS
Amounts falling due within one year 6 (82,554 ) (73,029 )
NET CURRENT ASSETS 5,384 32,175
TOTAL ASSETS LESS CURRENT LIABILITIES 61,006 99,517

CREDITORS
Amounts falling due after more than one
year

7

(47,964

)

(97,862

)

PROVISIONS FOR LIABILITIES (10,489 ) -
NET ASSETS 2,553 1,655

CAPITAL AND RESERVES
Called up share capital 25 25
Retained earnings 2,528 1,630
2,553 1,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 October 2023 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.

MW Builders Ltd (Registered number: 08273403)

Balance Sheet - continued
26 October 2023


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 23 October 2024 and were signed by:





Mr M J Wilcox - Director


MW Builders Ltd (Registered number: 08273403)

Notes to the Financial Statements
for the Period 1 November 2022 to 26 October 2023

1. STATUTORY INFORMATION

MW Builders 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 period 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 period 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 period was 7 (2022 - 5 ) .

MW Builders Ltd (Registered number: 08273403)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 26 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 36,850 8,095 105,817 150,762
Additions 3,585 488 15,500 19,573
Disposals - - (13,535 ) (13,535 )
At 26 October 2023 40,435 8,583 107,782 156,800
DEPRECIATION
At 1 November 2022 24,698 5,761 52,961 83,420
Charge for period 3,935 706 13,902 18,543
Eliminated on disposal - - (785 ) (785 )
At 26 October 2023 28,633 6,467 66,078 101,178
NET BOOK VALUE
At 26 October 2023 11,802 2,116 41,704 55,622
At 31 October 2022 12,152 2,334 52,856 67,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.10.23 31.10.22
£    £   
Trade debtors 5,618 18,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.10.23 31.10.22
£    £   
Bank loans and overdrafts 28,609 -
Trade creditors 19,734 34,283
Taxation and social security 29,431 25,999
Other creditors 4,780 12,747
82,554 73,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
26.10.23 31.10.22
£    £   
Bank loans 47,964 97,862