MHW (Oxon) Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 08493137

MHW (Oxon) Ltd

Filleted Unaudited Abridged Financial Statements

31 March 2019

MHW (Oxon) Ltd

Abridged Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£	£

Fixed assets

Tangible assets	5		12,526		18,606

Current assets

Stocks	19,500	–
Debtors	10,642	51,412
Cash at bank and in hand	566	594
	--------	--------
	30,708	52,006

Creditors: amounts falling due within one year	40,681		68,533
	--------		--------
Net current liabilities		9,973		16,527
		--------		--------
Total assets less current liabilities		2,553		2,079

Creditors: amounts falling due after more than one year	1,619	715
	-------	-------
Net assets	934	1,364
	-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	933	1,363
	----	-------
Shareholder funds	934	1,364
	----	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

MHW (Oxon) Ltd

Abridged Statement of Financial Position (continued)

31 March 2019

These abridged financial statements were approved by the board of directors and authorised for issue on 28 December 2019 , and are signed on behalf of the board by:

Mr M Wickens
Director

Company registration number: 08493137

MHW (Oxon) Ltd

Notes to the Abridged Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Init 8 West End Ind Est, Witney, Oxon, OX28 1UB.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. Tangible assets

	£
Cost
At 1 April 2018	27,772
Disposals	( 1,897)
	--------
At 31 March 2019	25,875
	--------
Depreciation
At 1 April 2018	9,166
Charge for the year	4,183
	--------
At 31 March 2019	13,349
	--------
Carrying amount
At 31 March 2019	12,526
	--------
At 31 March 2018	18,606
	--------