RW Mayor Ltd - Filleted accounts

Registered number

07748490

RW Mayor Ltd

Filleted Accounts

31 December 2024

RW Mayor Ltd
Registered number:		07748490
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		131,061			99,813

Current assets
Stocks		17,900			17,900
Cash at bank and in hand		-			28,571
		17,900			46,471

Creditors: amounts falling due within one year	4	(157,523)			(123,131)

Net current liabilities			(139,623)			(76,660)

Net (liabilities)/assets			(8,562)			23,153

Capital and reserves
Called up share capital			1			1
Profit and loss account			(8,563)			23,152

Shareholders' funds			(8,562)			23,153

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Mayor
Director
Approved by the board on 30 September 2025

RW Mayor Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	20,000		57,695		98,170		175,865
	Additions	50,000		-		-		50,000
	At 31 December 2024	70,000		57,695		98,170		225,865

	Depreciation
	At 1 January 2024	-		11,536		64,516		76,052
	Charge for the year	-		9,536		9,216		18,752
	At 31 December 2024	-		21,072		73,732		94,804

	Net book value
	At 31 December 2024	70,000		36,623		24,438		131,061
	At 31 December 2023	20,000		46,159		33,654		99,813


4	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					19,116		-
	Trade creditors					20,000		20,000
	Taxation and social security costs					30,356		54,176
	Other creditors					88,051		48,955
						157,523		123,131


5	Controlling party

	The company is controlled by its director Mr RW Mayor.


6	Other information

	RW Mayor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Lower Copthurst Farm
	Birchin Lane
	Whittle le Woods
	Chorley
	PR6 8LT