MSW Design Limited - Accounts to registrar (filleted) - small 18.2

MSW Design Limited - Accounts to registrar (filleted) - small 18.2

MSW DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 08224298 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

MSW DESIGN LIMITED
Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT








MSW DESIGN LIMITED (REGISTERED NUMBER: 08224298)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MSW DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: Mrs M S Wakefield
M Wakefield





REGISTERED OFFICE: Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT





REGISTERED NUMBER: 08224298 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT
Page 1
MSW DESIGN LIMITED (REGISTERED NUMBER: 08224298)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231 344

CURRENT ASSETS
Debtors 5 1,714 493
Cash at bank 30,042 16,900
31,756 17,393
CREDITORS
Amounts falling due within one year 6 15,785 15,287
NET CURRENT ASSETS 15,971 2,106
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,202
2,450

PROVISIONS FOR LIABILITIES 7 44 65
NET ASSETS 16,158 2,385

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 16,156 2,383
SHAREHOLDERS' FUNDS 16,158 2,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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.

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 on 16 March 2020 and were signed on its behalf by:



M Wakefield - Director


The notes form part of these financial statements

Page 2
MSW DESIGN LIMITED (REGISTERED NUMBER: 08224298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

MSW Design 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires
management to exercise its judgement in the process of applying accounting policies. The areas involving a
higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the
financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the
entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the
stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 33% on reducing balance

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 2 (2018 - 2 ) .

Page 3 continued...
MSW DESIGN LIMITED (REGISTERED NUMBER: 08224298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Computer
Equipment
£   
COST
At 1 October 2018
and 30 September 2019 2,715
DEPRECIATION
At 1 October 2018 2,371
Charge for year 113
At 30 September 2019 2,484
NET BOOK VALUE
At 30 September 2019 231
At 30 September 2018 344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade Debtors 1,457 -
Other Debtors 114 187
Prepayments 143 306
1,714 493

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Tax 5,621 2,228
Directors' Current Account 9,203 12,099
Accruals & Deferred Income 961 960
15,785 15,287

7. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax 44 65

Deferred
tax
£   
Balance at 1 October 2018 65
Provided during year (21 )
Balance at 30 September 2019 44

Page 4 continued...
MSW DESIGN LIMITED (REGISTERED NUMBER: 08224298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2018 - £10,000) were paid to the directors .

Page 5