MAW Plastering Contractors Limited 07410465 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of a plastering contractor. Digita Accounts Production Advanced 6.30.9574.0 true 07410465 2023-11-01 2024-10-31 07410465 2024-10-31 07410465 core:RetainedEarningsAccumulatedLosses 2024-10-31 07410465 core:ShareCapital 2024-10-31 07410465 core:CurrentFinancialInstruments 2024-10-31 07410465 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07410465 core:FurnitureFittingsToolsEquipment 2024-10-31 07410465 core:MotorVehicles 2024-10-31 07410465 core:OtherPropertyPlantEquipment 2024-10-31 07410465 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-10-31 07410465 bus:SmallEntities 2023-11-01 2024-10-31 07410465 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07410465 bus:FilletedAccounts 2023-11-01 2024-10-31 07410465 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07410465 bus:RegisteredOffice 2023-11-01 2024-10-31 07410465 bus:Director1 2023-11-01 2024-10-31 07410465 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07410465 core:ComputerEquipment 2023-11-01 2024-10-31 07410465 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 07410465 core:MotorVehicles 2023-11-01 2024-10-31 07410465 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 07410465 core:PlantMachinery 2023-11-01 2024-10-31 07410465 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-01 2024-10-31 07410465 countries:EnglandWales 2023-11-01 2024-10-31 07410465 2023-10-31 07410465 core:FurnitureFittingsToolsEquipment 2023-10-31 07410465 core:MotorVehicles 2023-10-31 07410465 core:OtherPropertyPlantEquipment 2023-10-31 07410465 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 07410465 2022-11-01 2023-10-31 07410465 2023-10-31 07410465 core:RetainedEarningsAccumulatedLosses 2023-10-31 07410465 core:ShareCapital 2023-10-31 07410465 core:CurrentFinancialInstruments 2023-10-31 07410465 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07410465 core:FurnitureFittingsToolsEquipment 2023-10-31 07410465 core:MotorVehicles 2023-10-31 07410465 core:OtherPropertyPlantEquipment 2023-10-31 07410465 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 07410465 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-01 2023-10-31 07410465 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 07410465

MAW Plastering Contractors Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

Pages for filing with Registrar

 

MAW Plastering Contractors Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

MAW Plastering Contractors Limited

Company Information


 

Director

Mr M A Walmsley

Registered office

Thomas House
Meadowcroft Business Park
Pope Lane, Whitestake
Preston
PR4 4AZ

 

MAW Plastering Contractors Limited

(Registration number: 07410465)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

16,957

22,782

Current assets

 

Debtors

5

144,782

158,127

Cash at bank and in hand

 

16,408

33,584

 

161,190

191,711

Creditors: Amounts falling due within one year

6

(11,974)

(14,891)

Net current assets

 

149,216

176,820

Total assets less current liabilities

 

166,173

199,602

Provisions for liabilities

(2,697)

(3,973)

Net assets

 

163,476

195,629

Capital and reserves

 

Called up share capital

1

1

Retained earnings

163,475

195,628

Shareholders' funds

 

163,476

195,629

 

MAW Plastering Contractors Limited

(Registration number: 07410465)
Balance Sheet as at 31 October 2024 (continued)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 May 2025
 

.........................................

Mr M A Walmsley

Director

 

MAW Plastering Contractors Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thomas House
Meadowcroft Business Park
Pope Lane, Whitestake
Preston
PR4 4AZ

The principal place of business is:
92 Victory Boulevard
Lytham St Annes
Lancashire
FY8 5TH

These financial statements were authorised for issue by the director on 26 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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" Section 1A for small entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

MAW Plastering Contractors Limited

Notes to the Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line

Motor Vehicles

25% reducing balance

Computer Equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

MAW Plastering Contractors Limited

Notes to the Financial Statements for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

MAW Plastering Contractors Limited

Notes to the Financial Statements for the Year Ended 31 October 2024 (continued)

4

Tangible assets

Computer equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 November 2023

3,143

27,750

1,439

32,332

At 31 October 2024

3,143

27,750

1,439

32,332

Depreciation

At 1 November 2023

2,404

5,781

1,365

9,550

Charge for the year

288

5,492

45

5,825

At 31 October 2024

2,692

11,273

1,410

15,375

Carrying amount

At 31 October 2024

451

16,477

29

16,957

At 31 October 2023

739

21,969

74

22,782

5

Debtors

Current

2024
£

2023
£

Trade debtors

55,177

42,743

Prepayments

188

996

Other debtors

89,417

114,388

 

144,782

158,127

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

9,958

12,865

Accruals and deferred income

2,016

2,026

11,974

14,891

 

MAW Plastering Contractors Limited

Notes to the Financial Statements for the Year Ended 31 October 2024 (continued)

7

Related party transactions

Loans to related parties

2024

Key management
£

At start of period

69,526

Advances and repayments

(6,314)

Interest at 2.25%

1,444

At end of period

64,656

2023

Key management
£

At start of period

74,276

Advances and repayments

(6,215)

Interest at 2.25%

1,465

At end of period

69,526