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Registration number: 13504535

MWM Truck Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

MWM Truck Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

MWM Truck Ltd

Company Information

Director

Mr Marek Robert Kiwior

Registered office

36 Garsdale Road
Ribbleton
Preston
PR2 6TA

Accountants

Sebastian Kowalski Chartered Certified Accountant
Certified
29 Danvers Avenue
Sutton-in-Ashfield
NG17 1LZ

 

MWM Truck Ltd

Director's Report for the Year Ended 30 June 2024

The director presents his report and the financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Mr Marek Robert Kiwior

Principal activity

The principal activity of the company is transportation.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved and authorised by the director on 14 October 2024
 

.........................................
Mr Marek Robert Kiwior
Director

 

MWM Truck Ltd

(Registration number: 13504535)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

1,463

-

Current assets

 

Cash at bank and in hand

 

1,094

665

Creditors: Amounts falling due within one year

7

(8,882)

(806)

Net current liabilities

 

(7,788)

(141)

Net liabilities

 

(6,325)

(141)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(6,335)

(151)

Shareholders' deficit

 

(6,325)

(141)

 

MWM Truck Ltd

(Registration number: 13504535)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 October 2024
 

.........................................
Mr Marek Robert Kiwior
Director

 

MWM Truck Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
36 Garsdale Road
Ribbleton
Preston
PR2 6TA
United Kingdom

These financial statements were authorised for issue by the director on 14 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

MWM Truck Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

MWM Truck Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Turnover

The analysis of the company's turnover for the year from continuing operations is as follows:

2024
£

2023
£

Sale of goods

38,543

39,219

4

Operating profit

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

366

-

5

Employees and directors

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

MWM Truck Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,829

1,829

At 30 June 2024

1,829

1,829

Depreciation

Charge for the year

366

366

At 30 June 2024

366

366

Carrying amount

At 30 June 2024

1,463

1,463

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

6,144

607

Social security and other taxes

 

33

-

Other payables

 

1,684

-

Income tax liability

1,021

199

 

8,882

806

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10