REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2025 |
for |
MVS Wigan Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2025 |
for |
MVS Wigan Limited |
MVS Wigan Limited (Registered number: 11222595) |
Contents of the Financial Statements |
for the Year Ended 28 February 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MVS Wigan Limited |
Company Information |
for the Year Ended 28 February 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
56 Gidlow Lane |
Gidlow |
Wigan |
Lancashire |
WN6 7DP |
MVS Wigan Limited (Registered number: 11222595) |
Balance Sheet |
28 February 2025 |
28.2.25 | 29.2.24 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their 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. |
MVS Wigan Limited (Registered number: 11222595) |
Balance Sheet - continued |
28 February 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MVS Wigan Limited (Registered number: 11222595) |
Notes to the Financial Statements |
for the Year Ended 28 February 2025 |
1. | STATUTORY INFORMATION |
MVS Wigan Limited is a |
The accounts have been compiled on a going concern basis. Even though the balance sheet is negative, the directors are of the opinion that the company can meet its day to day working capital commitments. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant & machinery - 25% reducing balance method. |
Motor vehicles - 25% reducing balance method. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
MVS Wigan Limited (Registered number: 11222595) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2025 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 28 February 2025 |
AMORTISATION |
Charge for year |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2024 |
Additions |
At 28 February 2025 |
DEPRECIATION |
At 1 March 2024 |
Charge for year |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Trade debtors |
MVS Wigan Limited (Registered number: 11222595) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2025 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Hire purchase contracts |