Company registration number 12951758 (England and Wales)
MWBM LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
MWBM LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
MWBM LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 1 -
The director presents his annual report and financial statements for the year ended 31 October 2024.
Principal activities
The principal activity of the company continued to be that of Business Consultant.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr B W Wyld
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr B W Wyld
Director
21 July 2025
MWBM LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF MWBM LTD
- 2 -
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Xynamo 5 Limited
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH
England
21 July 2025
MWBM LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(622)
(1,816)
Loss before taxation
(622)
(1,816)
Tax on loss
Loss for the financial year
(622)
(1,816)
The profit and loss account has been prepared on the basis that all operations are continuing operations.
MWBM LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
51
Current assets
Cash at bank and in hand
16,294
19,060
Creditors: amounts falling due within one year
4
(3,052)
(5,247)
Net current assets
13,242
13,813
Net assets
13,242
13,864
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
13,142
13,764
Total equity
13,242
13,864
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 July 2025
Mr B W Wyld
Director
Company registration number 12951758 (England and Wales)
MWBM LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
1
Accounting policies
Company information
MWBM 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.
1.1
Accounting convention
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.
1.2
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
Straight line over 3 Years
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
MWBM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 and 31 October 2024
1,053
Depreciation and impairment
At 1 November 2023
1,002
Depreciation charged in the year
51
At 31 October 2024
1,053
Carrying amount
At 31 October 2024
At 31 October 2023
51
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
(171)
(171)
Other creditors
3,223
5,418
3,052
5,247