2023-11-01 SC387872 2024-10-31 SC387872 2023-11-01 2024-10-31 SC387872 2023-10-31 SC387872 2022-11-01 2023-10-31 SC387872 uk-core:WithinOneYear 2023-10-31 SC387872 uk-core:WithinOneYear 2024-10-31 SC387872 uk-core:AfterOneYear 2023-10-31 SC387872 uk-core:AfterOneYear 2024-10-31 SC387872 uk-core:ShareCapital 2024-10-31 SC387872 uk-core:ShareCapital 2023-10-31 SC387872 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC387872 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC387872 uk-bus:Director1 2023-11-01 2024-10-31 SC387872 uk-core:Buildings 2023-11-01 2024-10-31 SC387872 uk-core:PlantMachinery 2023-11-01 2024-10-31 SC387872 uk-core:ComputerEquipment 2023-11-01 2024-10-31 SC387872 uk-core:FurnitureFittings 2023-11-01 2024-10-31 SC387872 uk-core:ComputerEquipment 2023-10-31 SC387872 uk-core:FurnitureFittings 2023-10-31 SC387872 uk-core:PlantMachinery 2023-10-31 SC387872 uk-core:PlantMachinery 2024-10-31 SC387872 uk-core:FurnitureFittings 2024-10-31 SC387872 uk-core:ComputerEquipment 2024-10-31 SC387872 uk-core:WithinOneYear uk-core:Secured 2024-10-31 SC387872 uk-core:WithinOneYear uk-core:Secured 2023-10-31 SC387872 2 uk-bus:Director1 2023-11-01 2024-10-31 SC387872 2 uk-bus:Director1 2024-10-31 SC387872 2 uk-bus:Director1 2023-10-31 iso4217:GBP xbrli:pure SC387872 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC387872 uk-bus:FRS102 2023-11-01 2024-10-31 SC387872 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 SC387872 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
MW Project Solutions Limited
Registered Number:SC387872
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 October 2024
MW Project Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC387872
As at 31 October 2024
MW Project Solutions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
13,948
17,198
2
13,948
17,198
Current assets
Trade and other receivables
240,629
243,153
3
20,363
Cash and cash equivalents
26,499
269,652
260,992
Trade and other payables: amounts falling due within one
year
(9,409)
(8,741)
4
251,583
260,911
Net current assets
Total assets less current liabilities
274,859
268,781
Trade and other payables: amounts falling due after more
than one year
(81,153)
(73,875)
5
200,984
Net assets
187,628
Capital and reserves
Called up share capital
100
100
Retained earnings
200,884
187,528
200,984
187,628
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs May Woods Director
These financial statements were approved and authorised for issue by the Board on 17 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
MW Project Solutions Limited
Notes to the Financial Statements
Statutory Information
MW Project Solutions Limited is a private limited company, limited by shares, domiciled in Scotland, registration
number SC387872.
Registered address:
21 West Mayfield
Newington
Edinburgh
EH9 1TQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Reducing balance
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 November 2023
27,713
8,080
18,123
1,510
At 31 October 2024
1,510
18,123
8,080
27,713
Provision for depreciation and impairment
At 01 November 2023
10,515
6,778
3,435
302
Charge for year
3,250
260
2,748
242
At 31 October 2024
13,765
7,038
6,183
544
At 31 October 2024
Net book value
966
11,940
1,042
13,948
At 31 October 2023
1,208
14,688
1,302
17,198
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5
For the year ended 31 October 2024
MW Project Solutions Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
243,153
240,629
The debtors above include the following amounts falling due after more than one year:
Other debtors
232,329
240,629
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
7,383
7,488
Taxation and social security
398
-
Other creditors
960
1,921
8,741
9,409
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
73,875
81,153
6. Related party transactions
Included within other debtors is an amount £232,329, (2023: £240,629), which relates to an inter-company loan to a
company under common ownership, being MWPS Letting Ltd
7. Directors advances and guarantees
At 01/11/2023
Loaned
At 31/10/2024
£
£
£
Mrs May Woods
Temporary Loan repaid in February 2025
10,824
(961)
11,785
10,824
(961)
11,785
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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