MW Project Solutions Limited |
Registered Number:SC387872 |
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
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
MW Project Solutions Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
13,948
17,198
2
13,948
17,198
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
100
100
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. |
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 |
1 of 3
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. |
21 West Mayfield
Newington
Edinburgh
EH9 1TQ
The presentation currency is £ sterling. |
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
Plant and machinery
Computer equipment
Fixtures and fittings
2. Property, plant and equipment |
27,713
8,080
18,123
1,510
1,510
18,123
8,080
27,713
Provision for depreciation and impairment |
10,515
6,778
3,435
302
Charge for year
3,250
260
2,748
242
13,765
7,038
6,183
544
966
11,940
1,042
13,948
1,208
14,688
1,302
17,198
2 of 3
For the year ended 31 October 2024
MW Project Solutions Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
243,153
240,629
The debtors above include the following amounts falling due after more than one year: |
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
-
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 |
Loaned
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)
3 of 3