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REGISTERED NUMBER: 08426408 (England and Wales)




























Financial Statements

for the Year Ended 30 June 2024

for

MWA Eco Systems Ltd

MWA Eco Systems Ltd (Registered number: 08426408)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MWA Eco Systems Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A N Moss
M K Norton



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 08426408 (England and Wales)



AUDITORS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Lloyds Bank Plc

MWA Eco Systems Ltd (Registered number: 08426408)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520,707 600,595

CURRENT ASSETS
Debtors 5 2,004,203 1,237,031
Cash at bank and in hand 1,023,361 1,630,818
3,027,564 2,867,849
CREDITORS
Amounts falling due within one year 6 2,152,446 2,432,481
NET CURRENT ASSETS 875,118 435,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,395,825

1,035,963

CREDITORS
Amounts falling due after more than one
year

7

(135,567

)

(164,873

)

PROVISIONS FOR LIABILITIES 9 (60,340 ) (78,865 )
NET ASSETS 1,199,918 792,225

CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 50 50
Retained earnings 1,199,768 792,075
SHAREHOLDERS' FUNDS 1,199,918 792,225

MWA Eco Systems Ltd (Registered number: 08426408)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





M K Norton - Director


MWA Eco Systems Ltd (Registered number: 08426408)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

MWA Eco Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Contracting activities and revenue recognition

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a contract valuation..

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.


Remedial costs
Costs associated with remedial work, to the extent not recoverable from customers by way of specific charge, are written off during the year in which they occur.

No provision is made for expenditure on future remedial work unless the company has an obligation at the year end, it is probable that the company will be required to transfer economic benefits in settlement and the cost can be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MWA Eco Systems Ltd (Registered number: 08426408)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors payable / receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 42 ) .

MWA Eco Systems Ltd (Registered number: 08426408)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 289,480 21,471 35,403
Additions - 2,689 -
At 30 June 2024 289,480 24,160 35,403
DEPRECIATION
At 1 July 2023 4,343 17,814 6,893
Charge for year 5,789 1,451 7,130
At 30 June 2024 10,132 19,265 14,023
NET BOOK VALUE
At 30 June 2024 279,348 4,895 21,380
At 30 June 2023 285,137 3,657 28,510

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 363,602 13,595 723,551
Additions - 3,220 5,909
At 30 June 2024 363,602 16,815 729,460
DEPRECIATION
At 1 July 2023 83,924 9,982 122,956
Charge for year 69,921 1,506 85,797
At 30 June 2024 153,845 11,488 208,753
NET BOOK VALUE
At 30 June 2024 209,757 5,327 520,707
At 30 June 2023 279,678 3,613 600,595

MWA Eco Systems Ltd (Registered number: 08426408)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 201,993
DEPRECIATION
At 1 July 2023 42,082
Charge for year 39,978
At 30 June 2024 82,060
NET BOOK VALUE
At 30 June 2024 119,933
At 30 June 2023 159,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,713,459 975,697
Other debtors 152,625 129,169
VAT 138,119 132,165
2,004,203 1,237,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 7,060
Hire purchase contracts 19,306 13,260
Trade creditors 148,425 99,806
Amounts owed to group undertakings 731,010 1,146,269
Tax 297,716 171,489
Social security and other taxes 95,847 74,868
Other creditors 8,615 8,366
Directors' loan accounts 10,711 11,703
Accrued expenses 830,816 889,660
2,152,446 2,432,481

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,500 10,000
Bank loans - 2-5 years - 12,500
Hire purchase contracts 123,067 142,373
135,567 164,873

MWA Eco Systems Ltd (Registered number: 08426408)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,500 -
Hire purchase contracts 142,373 -
164,873 -

Lloyds Bank PLC holds fixed and floating charges covering all the property and undertakings of the company.

The security for the hire purchase liability are the assets to which the liability relates.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 60,340 78,865

Deferred
tax
£   
Balance at 1 July 2023 78,865
Credit to Statement of Income and Retained Earnings during year (18,525 )
Balance at 30 June 2024 60,340

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 'A' £1 50 50
50 Ordinary 'B' £1 50 50
100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


The corresponding figures for the year to 30 June 2023 have not been audited as the company was small and so took exemption from audit under S477 of the Companies Act 2006.

Catherine Cole (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

12. ULTIMATE CONTROLLING PARTY

The parent company of MWA Ecosystems Limited is MWA Group Limited. It's registered office is 70 Chorley New Road, Bolton, Lancashire.