Company Registration No. 12912425 (England and Wales)
mw fabrications limited
Unaudited accounts
for the year ended 30 September 2024
mw fabrications limited
Unaudited accounts
Contents
mw fabrications limited
Company Information
for the year ended 30 September 2024
Company Number
12912425 (England and Wales)
Registered Office
31a fir view road
ruspidge
cinderford
gloucestershire
gl14 3al
uk
mw fabrications limited
Statement of financial position
as at 30 September 2024
Tangible assets
289,585
62,920
Cash at bank and in hand
7,232
9,557
Creditors: amounts falling due within one year
(103,855)
(64,981)
Net current liabilities
(93,223)
(35,921)
Total assets less current liabilities
196,362
26,999
Creditors: amounts falling due after more than one year
(164,536)
(13,772)
Called up share capital
2
2
Profit and loss account
31,824
13,225
Shareholders' funds
31,826
13,227
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
m gardiner
Director
Company Registration No. 12912425
mw fabrications limited
Notes to the Accounts
for the year ended 30 September 2024
mw fabrications limited is a private company, limited by shares, registered in England and Wales, registration number 12912425. The registered office is 31a fir view road, ruspidge, cinderford, gloucestershire, gl14 3al, uk.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
At 30 September 2024
318,586
Charge for the year
15,929
At 30 September 2024
29,001
At 30 September 2024
289,585
At 30 September 2023
62,920
mw fabrications limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,812
4,812
Obligations under finance leases and hire purchase contracts
57,060
-
Taxes and social security
21,588
4,213
Loans from directors
16,542
51,152
the directions have introduced working capital of £51152 this is a non interest bearing loan to the company
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
150,940
-
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).