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COMPANY REGISTRATION NUMBER: 03096857
R H MAWDSLEY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
R H MAWDSLEY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
R H MAWDSLEY LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
227,778
165,307
Current assets
Stocks
43,474
35,475
Debtors
6
79,325
32,974
Cash at bank and in hand
308,964
229,421
---------
---------
431,763
297,870
Creditors: amounts falling due within one year
7
205,441
128,508
---------
---------
Net current assets
226,322
169,362
---------
---------
Total assets less current liabilities
454,100
334,669
Provisions
Taxation including deferred tax
56,945
41,327
---------
---------
Net assets
397,155
293,342
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
397,055
293,242
---------
---------
Shareholder funds
397,155
293,342
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
R H MAWDSLEY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 30 May 2025 , and are signed on behalf of the board by:
R. H. Mawdsley
R. L. Mawdsley
Director
Director
Company registration number: 03096857
R H MAWDSLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
10% reducing balance
Commercial Vehicles
-
10% reducing balance
Equipment
-
10% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Tangible assets
Plant and Machinery
Commercial Vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2023
160,403
176,800
5,208
342,411
Additions
50,606
63,416
114,022
Disposals
( 24,150)
( 31,737)
( 55,887)
---------
---------
-------
---------
At 30 September 2024
186,859
208,479
5,208
400,546
---------
---------
-------
---------
Depreciation
At 1 October 2023
80,955
91,184
4,965
177,104
Charge for the year
12,070
13,215
24
25,309
Disposals
( 14,794)
( 14,851)
( 29,645)
---------
---------
-------
---------
At 30 September 2024
78,231
89,548
4,989
172,768
---------
---------
-------
---------
Carrying amount
At 30 September 2024
108,628
118,931
219
227,778
---------
---------
-------
---------
At 30 September 2023
79,448
85,616
243
165,307
---------
---------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
79,325
32,974
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
37,460
83,234
Social security and other taxes
105,829
40,034
Other creditors
62,152
5,240
---------
---------
205,441
128,508
---------
---------
8. Directors' advances, credits and guarantees
2024 2023
£ £
Director loan accounts 59,343 2,101
-------- -------
No interest has been charged to the company in respect of the loan which is repayable on demand and is classified under creditors falling due within one year.
9. Related party transactions
The company was under the control of Mr R.H. Mawdsley throughout the current and previous year. Mr R.H Mawdsley is the managing director and majority shareholder.