IRIS Accounts Production v25.1.0.734 03552299 Board of Directors 1.8.23 31.7.24 31.7.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035522992023-07-31035522992024-07-31035522992023-08-012024-07-31035522992022-07-31035522992022-08-012023-07-31035522992023-07-3103552299ns15:EnglandWales2023-08-012024-07-3103552299ns14:PoundSterling2023-08-012024-07-3103552299ns10:Director12023-08-012024-07-3103552299ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103552299ns10:SmallEntities2023-08-012024-07-3103552299ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103552299ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103552299ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103552299ns10:FullAccounts2023-08-012024-07-3103552299ns10:Director32023-08-012024-07-3103552299ns10:RegisteredOffice2023-08-012024-07-3103552299ns5:CurrentFinancialInstruments2024-07-3103552299ns5:CurrentFinancialInstruments2023-07-3103552299ns5:Non-currentFinancialInstruments2024-07-3103552299ns5:Non-currentFinancialInstruments2023-07-3103552299ns5:ShareCapital2024-07-3103552299ns5:ShareCapital2023-07-3103552299ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3103552299ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3103552299ns5:RetainedEarningsAccumulatedLosses2024-07-3103552299ns5:RetainedEarningsAccumulatedLosses2023-07-3103552299ns5:LeaseholdImprovements2023-08-012024-07-3103552299ns5:PlantMachinery2023-08-012024-07-3103552299ns5:FurnitureFittings2023-08-012024-07-3103552299ns5:MotorVehicles2023-08-012024-07-3103552299ns5:ComputerEquipment2023-08-012024-07-3103552299ns5:LeaseholdImprovements2023-07-3103552299ns5:PlantMachinery2023-07-3103552299ns5:FurnitureFittings2023-07-3103552299ns5:LeaseholdImprovements2024-07-3103552299ns5:PlantMachinery2024-07-3103552299ns5:FurnitureFittings2024-07-3103552299ns5:LeaseholdImprovements2023-07-3103552299ns5:PlantMachinery2023-07-3103552299ns5:FurnitureFittings2023-07-3103552299ns5:MotorVehicles2023-07-3103552299ns5:ComputerEquipment2023-07-3103552299ns5:MotorVehicles2024-07-3103552299ns5:ComputerEquipment2024-07-3103552299ns5:MotorVehicles2023-07-3103552299ns5:ComputerEquipment2023-07-3103552299ns5:CostValuation2023-07-3103552299ns5:RevaluationsIncreaseDecreaseInInvestments2024-07-3103552299ns5:CostValuation2024-07-3103552299ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103552299ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3103552299ns5:CurrentFinancialInstruments2023-08-012024-07-3103552299ns5:Secured2024-07-3103552299ns5:Secured2023-07-31035522991ns10:Director12023-07-31035522991ns10:Director12022-07-31035522991ns10:Director12023-08-012024-07-31035522991ns10:Director12022-08-012023-07-31035522991ns10:Director12024-07-31035522991ns10:Director12023-07-3103552299ns10:Director22023-08-012024-07-3103552299ns10:Director222023-07-3103552299ns10:Director222022-07-3103552299ns10:Director222023-08-012024-07-3103552299ns10:Director222022-08-012023-07-3103552299ns10:Director222024-07-3103552299ns10:Director222023-07-31035522993ns10:Director32023-07-31035522993ns10:Director32022-07-31035522993ns10:Director32023-08-012024-07-31035522993ns10:Director32022-08-012023-07-31035522993ns10:Director32024-07-31035522993ns10:Director32023-07-31
REGISTERED NUMBER: 03552299 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

MWS Limited

MWS Limited (Registered number: 03552299)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MWS Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr A A Clarke
Mrs L M Clarke





REGISTERED OFFICE: Unit 6
Meer End
Birstall
Leicester
Leicestershire
LE4 3EH





REGISTERED NUMBER: 03552299 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

MWS Limited (Registered number: 03552299)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 96,127 76,244
Investments 5 215,158 179,462
311,285 255,706

CURRENT ASSETS
Stocks 319,878 274,878
Debtors 6 806,474 913,280
Cash at bank and in hand 63,604 47,018
1,189,956 1,235,176
CREDITORS
Amounts falling due within one year 7 (929,374 ) (936,713 )
NET CURRENT ASSETS 260,582 298,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,867

554,169

CREDITORS
Amounts falling due after more than one
year

8

(94,512

)

(97,671

)

PROVISIONS FOR LIABILITIES (37,000 ) (23,105 )
NET ASSETS 440,355 433,393

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 51,432 24,660
Retained earnings 388,723 408,533
SHAREHOLDERS' FUNDS 440,355 433,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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.

MWS Limited (Registered number: 03552299)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

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





Mr A A Clarke - Director


MWS Limited (Registered number: 03552299)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

MWS Limited 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

MWS Limited (Registered number: 03552299)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Fixed asset investments
Fixed asset investments are measured at market value, any aggregate surplus or deficit arising from changes in market value are included in the profit and loss account for the period.

Government grants
Government grants received in relation to expenditure are credited when the expenditure is incurred to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 66,065 34,630 66,458
Additions - 1,175 -
Disposals - - -
At 31 July 2024 66,065 35,805 66,458
DEPRECIATION
At 1 August 2023 41,697 30,180 62,246
Charge for year 6,607 2,118 642
Eliminated on disposal - - -
At 31 July 2024 48,304 32,298 62,888
NET BOOK VALUE
At 31 July 2024 17,761 3,507 3,570
At 31 July 2023 24,368 4,450 4,212

MWS Limited (Registered number: 03552299)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 60,531 59,185 286,869
Additions 45,414 - 46,589
Disposals (8,466 ) - (8,466 )
At 31 July 2024 97,479 59,185 324,992
DEPRECIATION
At 1 August 2023 22,403 54,099 210,625
Charge for year 14,261 2,601 26,229
Eliminated on disposal (7,989 ) - (7,989 )
At 31 July 2024 28,675 56,700 228,865
NET BOOK VALUE
At 31 July 2024 68,804 2,485 96,127
At 31 July 2023 38,128 5,086 76,244

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 40,102 179,360 219,462
Revaluations - 35,696 35,696
At 31 July 2024 40,102 215,056 255,158
PROVISIONS
At 1 August 2023
and 31 July 2024 40,000 - 40,000
NET BOOK VALUE
At 31 July 2024 102 215,056 215,158
At 31 July 2023 102 179,360 179,462


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 499,854 483,292
Amounts owed by group undertakings 281,200 398,455
Other debtors 25,420 31,533
806,474 913,280

Other debtors includes prepayments and accrued income of £17,358 (2023: £21,845).

MWS Limited (Registered number: 03552299)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 34,667 50,377
Hire purchase contracts 11,115 3,234
Trade creditors 391,294 392,661
Taxation and social security 140,469 121,695
Other creditors 351,829 368,746
929,374 936,713

Other creditors includes accruals and deferred income of £7,250 (2023: £5,900).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 49,723 84,389
Hire purchase contracts 44,789 13,282
94,512 97,671

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 55,904 16,516
Invoice financing 220,548 246,897
276,452 263,413

Amounts owed under invoice financing are secured by way of a fixed and floating charge over the assets of the company.

The hire purchase contracts are secured on the related fixed assets.

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £537,844 (2023: £649,155).

MWS Limited (Registered number: 03552299)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr A A Clarke
Balance outstanding at start of year - -
Amounts advanced 21,218 21,154
Amounts repaid (21,218 ) (21,154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr K E Cooper
Balance outstanding at start of year - -
Amounts advanced 28,203 20,886
Amounts repaid (28,203 ) (20,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs L M Clarke
Balance outstanding at start of year - -
Amounts advanced 37,771 7,527
Amounts repaid (37,771 ) (7,527 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans were repayable on demand and interest has been charged at the HMRC official rate.