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Paul Ward MTS Limited
Registered Number:05618753
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Paul Ward MTS Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05618753
As at 31 March 2024
Paul Ward MTS Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
96,515
119,022
3
96,515
119,022
Current assets
Inventories
195
-
4
Trade and other receivables
33,699
68,780
5
601,973
Cash and cash equivalents
427,959
496,739
635,867
Trade and other payables: amounts falling due within one
year
(77,291)
(91,508)
6
558,576
405,231
Net current assets
Total assets less current liabilities
501,746
677,598
Trade and other payables: amounts falling due after more
than one year
(223,108)
(46,515)
7
455,231
Net assets
454,490
Capital and reserves
Called up share capital
100
100
Retained earnings
455,131
454,390
455,231
454,490
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
Mr Paul Ward Director
These financial statements were approved and authorised for issue by the Board on 26 March 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
Paul Ward MTS Limited
Notes to the Financial Statements
Statutory Information
Paul Ward MTS Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05618753.
Principal place of business:
4 Kemys Garden
Kempsey
Worcester
WR53WF
Registered address:
9 Malvern Road
Worcester
Worcestershire
WR2 4LE
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.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,000
At 31 March 2024
10,000
Amortisation
At 01 April 2023
10,000
At 31 March 2024
10,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
2 of 4
5
For the year ended 31 March 2024
Paul Ward MTS Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
178,796
13,172
110,675
54,949
65,045
3,343
45,299
16,403
Additions
-
(55,380)
-
Disposals
(55,380)
At 31 March 2024
71,352
100,594
16,515
188,461
Provision for depreciation and impairment
At 01 April 2023
59,774
7,260
31,970
20,544
Charge for year
32,172
2,314
17,156
12,702
At 31 March 2024
91,946
9,574
49,126
33,246
At 31 March 2024
Net book value
38,106
51,468
6,941
96,515
At 31 March 2023
34,405
78,705
5,912
119,022
4. Inventories
2023
2024
£
£
Stocks
-
195
Stock is valued at the lower of cost and net realisable value.
5. Trade and other receivables
2023
2024
£
£
Trade debtors
68,780
33,699
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
23,132
3,871
Taxation and social security
65,446
65,816
Other creditors
2,930
7,604
91,508
77,291
3 of 4
6
For the year ended 31 March 2024
Paul Ward MTS Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
46,515
223,108
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
4 of 4