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Company Registration No. 14119053 (England and Wales)
MW FRENCH & CO LIMITED Unaudited accounts for the year ended 31 May 2025
MW FRENCH & CO LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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MW FRENCH & CO LIMITED Company Information for the year ended 31 May 2025
Directors
M D F French W E French
Company Number
14119053 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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MW FRENCH & CO LIMITED Accountants' report
Accountants' report to the board of directors of MW FRENCH & CO LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MW FRENCH & CO LIMITED for the year ended 31 May 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MW FRENCH & CO LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MW FRENCH & CO LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MW FRENCH & CO LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MW FRENCH & CO LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MW FRENCH & CO LIMITED. You consider that MW FRENCH & CO LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MW FRENCH & CO LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 31 July 2025
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MW FRENCH & CO LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
229,678
223,041
Current assets
Cash at bank and in hand
-
13,088
Creditors: amounts falling due within one year
5
(162,148)
(154,489)
Net current liabilities
(162,148)
(141,401)
Total assets less current liabilities
67,530
81,640
Creditors: amounts falling due after more than one year
6
(116,245)
(116,245)
Net liabilities
(48,715)
(34,605)
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
(48,815)
(34,705)
Shareholders' funds
(48,715)
(34,605)
For the year ending 31 May 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
M D F French Director Company Registration No. 14119053
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MW FRENCH & CO LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
MW FRENCH & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14119053. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
222,214
1,065
223,279
Additions
6,844
-
6,844
At 31 May 2025
229,058
1,065
230,123
Depreciation
At 1 June 2024
-
238
238
Charge for the year
-
207
207
At 31 May 2025
-
445
445
Net book value
At 31 May 2025
229,058
620
229,678
At 31 May 2024
222,214
827
223,041
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MW FRENCH & CO LIMITED Notes to the Accounts for the year ended 31 May 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
741
-
Loans from directors
160,785
153,895
Accruals
622
594
162,148
154,489
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
116,245
116,245
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
M D F French
Directors Current accounts
(76,948)
(5,920)
(2,475)
(80,393)
W E French
Directors Current accounts
(76,947)
(5,919)
(2,475)
(80,391)
(153,895)
(11,839)
(4,950)
(160,784)
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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