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REGISTERED NUMBER: 04736844 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MWE WOODWORKING LIMITED

MWE WOODWORKING LIMITED (REGISTERED NUMBER: 04736844)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MWE WOODWORKING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M W Easingwood





SECRETARY: L D Easingwood





REGISTERED OFFICE: Units 2 & 4
Kelleythorpe Industrial Estate
DRIFFIELD
East Yorkshire
YO25 6DJ





REGISTERED NUMBER: 04736844 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

MWE WOODWORKING LIMITED (REGISTERED NUMBER: 04736844)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,507 4,764

CURRENT ASSETS
Stocks 17,944 29,913
Debtors 5 5,698 4,803
Cash at bank and in hand 98,353 78,469
121,995 113,185
CREDITORS
Amounts falling due within one year 6 59,401 80,126
NET CURRENT ASSETS 62,594 33,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,101

37,823

PROVISIONS FOR LIABILITIES 856 905
NET ASSETS 66,245 36,918

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,145 36,818
SHAREHOLDERS' FUNDS 66,245 36,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MWE WOODWORKING LIMITED (REGISTERED NUMBER: 04736844)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 January 2025 and were signed by:





M W Easingwood - Director


MWE WOODWORKING LIMITED (REGISTERED NUMBER: 04736844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

MWE Woodworking 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 - 33% on cost, 25% on reducing balance, 15% on reducing balance and 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 Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

MWE WOODWORKING LIMITED (REGISTERED NUMBER: 04736844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 37,767
Additions 1,076
At 30 June 2024 38,843
DEPRECIATION
At 1 July 2023 33,003
Charge for year 1,333
At 30 June 2024 34,336
NET BOOK VALUE
At 30 June 2024 4,507
At 30 June 2023 4,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,218 4,291
Other debtors 480 512
5,698 4,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,009 1,723
Taxation and social security 8,715 7,449
Other creditors 49,677 70,954
59,401 80,126

7. RELATED PARTY DISCLOSURES

At 30 June 2024 the director was owed £47,958. The loan is interest free with no fixed terms of repayment.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M W Easingwood.