Company Registration No. 08445744 (England and Wales)
MULLEN EWI LIMITED
Unaudited accounts
for the year ended 31 March 2024
MULLEN EWI LIMITED
Unaudited accounts
Contents
MULLEN EWI LIMITED
Company Information
for the year ended 31 March 2024
Company Number
08445744 (England and Wales)
Registered Office
13 PURBROCK AVENUE
WATFORD
WD25 0AD
ENGLAND
Accountants
P A Hull & Co
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MULLEN EWI LIMITED for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MULLEN EWI LIMITED for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MULLEN EWI LIMITED, as a body, in accordance with the terms of our engagement letter dated 23 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of MULLEN EWI LIMITED and state those matters that we have agreed to state to the Board of Directors of MULLEN EWI LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MULLEN EWI LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MULLEN EWI LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MULLEN EWI LIMITED. You consider that MULLEN EWI LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MULLEN EWI LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
23 December 2024
MULLEN EWI LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
22,716
21,758
Cash at bank and in hand
261,371
91,988
Creditors: amounts falling due within one year
(69,241)
(64,910)
Net current assets
677,077
447,589
Total assets less current liabilities
699,793
469,347
Creditors: amounts falling due after more than one year
(32,164)
(41,117)
Provisions for liabilities
Deferred tax
(4,316)
(4,134)
Net assets
663,313
424,096
Called up share capital
120
100
Profit and loss account
663,193
423,996
Shareholders' funds
663,313
424,096
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2024 and were signed on its behalf by
Mr G Mullen
Director
Company Registration No. 08445744
MULLEN EWI LIMITED
Notes to the Accounts
for the year ended 31 March 2024
MULLEN EWI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08445744. The registered office is 13 PURBROCK AVENUE, WATFORD, WD25 0AD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
4,350
49,590
2,180
56,120
At 31 March 2024
4,350
57,889
2,180
64,419
At 1 April 2023
3,956
29,399
1,007
34,362
Charge for the year
98
6,950
293
7,341
At 31 March 2024
4,054
36,349
1,300
41,703
At 31 March 2024
296
21,540
880
22,716
At 31 March 2023
394
20,191
1,173
21,758
MULLEN EWI LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
234,927
170,511
Other debtors
250,020
250,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,540
5,506
Obligations under finance leases and hire purchase contracts
3,554
5,405
Taxes and social security
56,419
44,348
Other creditors
2,568
4,390
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,575
6,129
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
100
Shares issued during the period:
20 Ordinary shares of £1 each
20
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan was repaid within 9 months of the year end.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).