Company registration number 11013161 (England and Wales)
MWW CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
MWW CONTRACTORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MWW CONTRACTORS LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,086
24,214
Current assets
Debtors
4
201,329
179,747
Cash at bank and in hand
4,442
5,813
205,771
185,560
Creditors: amounts falling due within one year
5
(215,320)
(181,020)
Net current (liabilities)/assets
(9,549)
4,540
Total assets less current liabilities
7,537
28,754
Creditors: amounts falling due after more than one year
6
(13,276)
(22,502)
Provisions for liabilities
1,323
(1,394)
Net (liabilities)/assets
(4,416)
4,858
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(4,516)
4,758
Total equity
(4,416)
4,858
MWW CONTRACTORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 February 2025
Mr M W Whittit
Director
Company registration number 11013161 (England and Wales)
MWW CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

MWW Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Deer Park Business Centre, Old Haldon Hill, Kennford, Exeter, Devon, United Kingdom, EX6 7XX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company meets its day to day working capital requirements through continued financial support from the director and shareholder.

 

On the basis of the continued support of the director and shareholder, the board consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the facilities provided.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% per annum on cost
Motor vehicles
20% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MWW CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 and 31 July 2024
36,195
Depreciation and impairment
At 1 August 2023
11,981
Depreciation charged in the year
7,128
At 31 July 2024
19,109
Carrying amount
At 31 July 2024
17,086
At 31 July 2023
24,214
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
157,230
142,102
Other debtors
44,099
37,645
201,329
179,747
MWW CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Other creditors
205,320
171,020
215,320
181,020

The bank loan balance represents the current portion of the company's Bounce Back Loan.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,276
22,502

The bank loan balance represents the non-current portion of the company's Bounce Back Loan.

7
Related party transactions

As at the balance sheet date, the company was owed £42,998 (2023: £34,915) by Barton White Limited by way of a loan. This loan was interest free and repayable upon demand. Mr Mark Whittit is a director and shareholder of the company. 

 

Also at the balance sheet date, MK 1 Limited was owed £140,555 (2023: £112,334) by the company by way of a loan. This loan was interest free and repayable upon demand. Mr Mark Whittit is the director and sole shareholder of the company.

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