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REGISTERED NUMBER: 11485553 (England and Wales)















MWP Trading Limited

Unaudited Financial Statements

for the Year Ended 26 January 2024






MWP Trading Limited (Registered number: 11485553)






Contents of the Financial Statements
for the Year Ended 26 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MWP Trading Limited

Company Information
for the Year Ended 26 January 2024







DIRECTOR: M W Parker





REGISTERED OFFICE: Hillcrest
2 The Avenue
New Inn
NP4 0QH





REGISTERED NUMBER: 11485553 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

MWP Trading Limited (Registered number: 11485553)

Balance Sheet
26 January 2024

26.1.24 26.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,354 38,333
Tangible assets 5 17,043 19,042
50,397 57,375

CURRENT ASSETS
Stocks 20,000 18,980
Debtors 6 25,169 27,702
Cash at bank 4,921 9,849
50,090 56,531
CREDITORS
Amounts falling due within one year 7 60,536 74,473
NET CURRENT LIABILITIES (10,446 ) (17,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,951

39,433

CREDITORS
Amounts falling due after more than one year 8 33,084 41,451
NET ASSETS/(LIABILITIES) 6,867 (2,018 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,866 (2,019 )
6,867 (2,018 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 January 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.

MWP Trading Limited (Registered number: 11485553)

Balance Sheet - continued
26 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 director and authorised for issue on 23 October 2024 and were signed by:





M W Parker - Director


MWP Trading Limited (Registered number: 11485553)

Notes to the Financial Statements
for the Year Ended 26 January 2024

1. STATUTORY INFORMATION

MWP Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 company meets its working capital requirements through the ongoing support of its directors. If this support is removed, it may not be appropriate for the financial statements to be prepared on a going concern basis and as such the company's assets and liabilities may have to be restated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% 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.

MWP Trading Limited (Registered number: 11485553)

Notes to the Financial Statements - continued
for the Year Ended 26 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 27 January 2023
and 26 January 2024 34,793 15,000 49,793
AMORTISATION
At 27 January 2023 6,960 4,500 11,460
Charge for year 3,479 1,500 4,979
At 26 January 2024 10,439 6,000 16,439
NET BOOK VALUE
At 26 January 2024 24,354 9,000 33,354
At 26 January 2023 27,833 10,500 38,333

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 27 January 2023
and 26 January 2024 1,896 40,569 42,465
DEPRECIATION
At 27 January 2023 1,262 22,161 23,423
Charge for year 159 1,840 1,999
At 26 January 2024 1,421 24,001 25,422
NET BOOK VALUE
At 26 January 2024 475 16,568 17,043
At 26 January 2023 634 18,408 19,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.1.24 26.1.23
£    £   
Trade debtors 25,169 27,702

MWP Trading Limited (Registered number: 11485553)

Notes to the Financial Statements - continued
for the Year Ended 26 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.1.24 26.1.23
£    £   
Bank loans and overdrafts 5,394 20,473
Trade creditors 13,991 12,375
Taxation and social security 6,637 4,854
Other creditors 34,514 36,771
60,536 74,473

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
26.1.24 26.1.23
£    £   
Bank loans 33,084 41,451

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,884 17,268

9. SECURED DEBTS

The following secured debts are included within creditors:

26.1.24 26.1.23
£    £   
Bank loans 38,478 61,924

The bank loan was secured by a fixed and floating charge over the assets of the company and was repaid in full during the year. The remaining loan is a Bounce Back loan.