IRIS Accounts Production v26.1.10.61 09816179 Board of Directors 1.11.24 31.10.25 31.10.25 false true false false true false Ord 1.00000 148497 88092 97610 169447 172830 109042 73277 148497 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09816179 2024-10-31 09816179 2025-10-31 09816179 2024-11-01 2025-10-31 09816179 2023-10-31 09816179 2023-11-01 2024-10-31 09816179 2024-10-31 09816179 ns14:PoundSterling 2024-11-01 2025-10-31 09816179 ns10:Director1 2024-11-01 2025-10-31 09816179 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 09816179 ns10:SmallEntities 2024-11-01 2025-10-31 09816179 ns10:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 09816179 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 09816179 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 09816179 ns10:FullAccounts 2024-11-01 2025-10-31 09816179 ns10:OrdinaryShareClass1 2024-11-01 2025-10-31 09816179 42 ns10:Director2 2024-10-31 09816179 42 ns10:Director2 2023-10-31 09816179 42 ns10:Director2 2024-11-01 2025-10-31 09816179 42 ns10:Director2 2023-11-01 2024-10-31 09816179 42 ns10:Director2 2025-10-31 09816179 42 ns10:Director2 2024-10-31 09816179 ns10:Director2 2024-11-01 2025-10-31 09816179 ns10:RegisteredOffice 2024-11-01 2025-10-31 09816179 ns5:CurrentFinancialInstruments 2025-10-31 09816179 ns5:CurrentFinancialInstruments 2024-10-31 09816179 ns5:Non-currentFinancialInstruments 2025-10-31 09816179 ns5:Non-currentFinancialInstruments 2024-10-31 09816179 ns5:ShareCapital 2025-10-31 09816179 ns5:ShareCapital 2024-10-31 09816179 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 09816179 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 09816179 ns5:MotorVehicles 2024-11-01 2025-10-31 09816179 ns5:ComputerEquipment 2024-11-01 2025-10-31 09816179 ns5:MotorVehicles 2024-10-31 09816179 ns5:ComputerEquipment 2024-10-31 09816179 ns5:MotorVehicles 2025-10-31 09816179 ns5:ComputerEquipment 2025-10-31 09816179 ns5:MotorVehicles 2024-10-31 09816179 ns5:ComputerEquipment 2024-10-31 09816179 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 09816179 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 09816179 ns5:Non-currentFinancialInstruments 2024-11-01 2025-10-31 09816179 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-10-31 09816179 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-10-31 09816179 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-10-31 09816179 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-10-31 09816179 ns10:OrdinaryShareClass1 2025-10-31 09816179 ns10:Director1 1 2024-10-31 09816179 ns10:Director1 1 2023-10-31 09816179 ns10:Director1 1 2024-11-01 2025-10-31 09816179 ns10:Director1 1 2023-11-01 2024-10-31 09816179 ns10:Director1 1 2025-10-31 09816179 ns10:Director1 1 2024-10-31

REGISTERED NUMBER: 09816179

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

| FOR |

| MDWG LIMITED |

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MDWG LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | R J Grant

| M D Grant

| REGISTERED OFFICE: | 282a High Street

| Orpington

| Kent

| BR6 0ND

| REGISTERED NUMBER: | 09816179

| ACCOUNTANTS: | TC Group

| 10 Stadium Business Court

| Millennium Way

| Pride Park

| Derby

| DE24 8HP

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 38,219 |  | 43,636 |  |

CURRENT ASSETS

Debtors | 5 | 1,919,699 |  | 2,086,323 |  |

Cash at bank | 355,257 |  | 114,641 |  |

2,274,956 |  | 2,200,964 |  |

CREDITORS

Amounts falling due within one year | 6 | 63,223 |  | 67,874 |  |

NET CURRENT ASSETS | 2,211,733 |  | 2,133,090 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,249,952 |  | 2,176,726 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 68,307 |  | 77,260 |  |

NET ASSETS | 2,181,645 |  | 2,099,466 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 2,181,545 |  | 2,099,366 |  |

SHAREHOLDERS' FUNDS | 2,181,645 |  | 2,099,466 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

BALANCE SHEET - continued

31 OCTOBER 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

R J Grant - Director

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| MDWG Limited 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Motor vehicles | - | 20% on reducing balance

| Equipment | - | 25% on reducing balance

| Tangible assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| Any increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

| from those in which they are recognised in financial statements. Deferred tax is measured using tax rates

| and laws that have been enacted or substantively enacted by the year end and that are expected

| to apply to the reversal of the timing difference.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | TANGIBLE FIXED ASSETS

| Motor |

| vehicles |  | Equipment |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 49,189 |  | 11,087 |  | 60,276 |  |

| Additions | - |  | 4,292 |  | 4,292 |  |

| At 31 October 2025 | 49,189 |  | 15,379 |  | 64,568 |  |

| DEPRECIATION

| At 1 November 2024 | 9,838 |  | 6,802 |  | 16,640 |  |

| Charge for year | 7,870 |  | 1,839 |  | 9,709 |  |

| At 31 October 2025 | 17,708 |  | 8,641 |  | 26,349 |  |

| NET BOOK VALUE

| At 31 October 2025 | 31,481 |  | 6,738 |  | 38,219 |  |

| At 31 October 2024 | 39,351 |  | 4,285 |  | 43,636 |  |

| The net book value of assets held under hire purchase was £30,810 at the year end (2024: £38,512). Depreciation of £7,702 was charged during the year in respect of these assets (2024: £9,628).

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 1,835,564 |  | 1,937,826 |  |

| Social security and other taxes | 197 |  | - |  |

| Directors' current accounts | 73,277 |  | 148,497 |  |

| VAT | 10,451 |  | - |  |

| Prepayments | 210 |  | - |  |

1,919,699 |  | 2,086,323 |  |

| Included in other debtors is a balance of £1,828,155 (2024: £1,930,904) due from RMTS Property Ltd, a company under common control.

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 8) | 5,443 |  | 5,208 |  |

| Hire purchase contracts | 5,411 |  | 5,412 |  |

| Tax | 46,068 |  | 29,794 |  |

| Social security and other taxes | - |  | 242 |  |

| VAT | - |  | 21,040 |  |

| Other creditors | 3,801 |  | 3,678 |  |

| Accruals and deferred income | 2,500 |  | 2,500 |  |

63,223 |  | 67,874 |  |

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 8) | 38,548 |  | 42,090 |  |

| Hire purchase contracts | 29,759 |  | 35,170 |  |

68,307 |  | 77,260 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due > 5 years

| by installments | 16,780 |  | 21,262 |  |

16,780 |  | 21,262 |  |

| Hire purchase liabilities are secured over the assets to which they relate.

| Bank loans are secured via a fixed and floating charge over the assets of the company.

8. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 5,443 |  | 5,208 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 5,442 |  | 5,207 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 16,326 |  | 15,621 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due > 5 years

| by installments | 16,780 |  | 21,262 |  |

16,780 |  | 21,262 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ord | £1 | 100 |  | 100 |  |

| MDWG LIMITED (REGISTERED NUMBER: 09816179) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025 | 2024 |

£ | £ |

| R J Grant and M D Grant

| Balance outstanding at start of year | 148,497 |  | 88,092 |  |

| Amounts advanced | 97,610 |  | 169,447 |  |

| Amounts repaid | (172,830 | ) | (109,042 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 73,277 |  | 148,497 |  |

| It is company policy to charge interest on all overdrawn loan accounts at the HMRC official rate of interest. The amount owed at the year end in respect of the above loans was £4,206 (2024: £2,129) and is included in other debtors.