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REGISTERED NUMBER: 10323201 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MWS ENTERPRISE LIMITED

MWS ENTERPRISE LIMITED (REGISTERED NUMBER: 10323201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MWS ENTERPRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Shirley
J Shirley





REGISTERED OFFICE: 24 Allderidge Avenue
Hull
United Kingdom
HU5 4EQ





REGISTERED NUMBER: 10323201 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

MWS ENTERPRISE LIMITED (REGISTERED NUMBER: 10323201)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 131,725 131,725
131,725 131,725

CURRENT ASSETS
Debtors 6 3,555 4,282
Cash at bank 708 309
4,263 4,591
CREDITORS
Amounts falling due within one year 7 6,850 8,255
NET CURRENT LIABILITIES (2,587 ) (3,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,138

128,061

CREDITORS
Amounts falling due after more than
one year

8

102,854

104,901
NET ASSETS 26,284 23,160

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26,283 23,159
26,284 23,160

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

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

MWS ENTERPRISE LIMITED (REGISTERED NUMBER: 10323201)

BALANCE SHEET - continued
31 MARCH 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 16 December 2024 and were signed on its behalf by:





M Shirley - Director


MWS ENTERPRISE LIMITED (REGISTERED NUMBER: 10323201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mws Enterprise 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.

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 etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

MWS ENTERPRISE LIMITED (REGISTERED NUMBER: 10323201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,261
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,261
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 131,725
NET BOOK VALUE
At 31 March 2024 131,725
At 31 March 2023 131,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 1,637 2,642
Prepayments and accrued income 1,918 1,640
3,555 4,282

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,913 3,650
Tax 733 1,075
Accruals and deferred income 3,204 3,530
6,850 8,255

MWS ENTERPRISE LIMITED (REGISTERED NUMBER: 10323201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,913 3,650
Bank loans - 2-5 years 8,739 10,950
Bank loans more 5 yr by instal 91,202 90,301
102,854 104,901

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 91,202 90,301

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 105,767 108,551

The bank loans are secured against the properties.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Shirley
Balance outstanding at start of year 2,642 (3,439 )
Amounts advanced 2,460 14,527
Amounts repaid (3,465 ) (8,446 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,637 2,642