REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 3 MARCH 2023 TO 31 MARCH 2024 |
FOR |
MWM ENGINEERING LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 3 MARCH 2023 TO 31 MARCH 2024 |
FOR |
MWM ENGINEERING LIMITED |
MWM ENGINEERING LIMITED (REGISTERED NUMBER: 14704239) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 3 March 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MWM ENGINEERING LIMITED |
COMPANY INFORMATION |
for the Period 3 March 2023 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Park Court |
Pyrford Road |
West Byfleet |
Surrey |
KT14 6SD |
MWM ENGINEERING LIMITED (REGISTERED NUMBER: 14704239) |
BALANCE SHEET |
31 March 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MWM ENGINEERING LIMITED (REGISTERED NUMBER: 14704239) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 3 March 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Mwm Engineering Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the year end, the company's liabilities exceeded it's assets by £137,068. The director has confirmed the accounts are to be completed on the going concern basis due to the fact that the parent company will continue to provide any ongoing financial support as required. |
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 |
Plant and machinery etc | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 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. |
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 |
MWM ENGINEERING LIMITED (REGISTERED NUMBER: 14704239) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 3 March 2023 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
At the year end, the company owed £304,940 to the parent company. This loan has been provided interest free with no terms and conditions and no guarantees have been provided. |