Registered Number:05618753 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
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
Paul Ward MTS Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
96,515
119,022
3
96,515
119,022
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
100
100
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. |
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 |
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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
9 Malvern Road
Worcester
Worcestershire
WR2 4LE
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. |
2. Intangible fixed assets |
Goodwill
10,000
10,000
10,000
10,000
-
-
2 of 4
For the year ended 31 March 2024
Paul Ward MTS Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Motor Vehicles
178,796
13,172
110,675
54,949
65,045
3,343
45,299
16,403
-
(55,380)
-
(55,380)
71,352
100,594
16,515
188,461
Provision for depreciation and impairment |
59,774
7,260
31,970
20,544
Charge for year
32,172
2,314
17,156
12,702
91,946
9,574
49,126
33,246
38,106
51,468
6,941
96,515
34,405
78,705
5,912
119,022
2023
2024
-
195
Stock is valued at the lower of cost and net realisable value.
5. Trade and other receivables |
2023
2024
68,780
33,699
6. Trade and other payables: amounts falling due within one year |
2023
2024
23,132
3,871
Taxation and social security |
65,446
65,816
2,930
7,604
91,508
77,291
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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
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