F.I.R.S.T. MW LTD

F.I.R.S.T. MW LTD

F.I.R.S.T. MW LTD - Company Information

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Company Registration No. 11309805 (England and Wales)
F.I.R.S.T. MW LTD Unaudited accounts for the year ended 30 April 2020
F.I.R.S.T. MW LTD Unaudited accounts Contents
Page
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F.I.R.S.T. MW LTD Company Information for the year ended 30 April 2020
Director
Malcolm Walker
Company Number
11309805 (England and Wales)
Registered Office
UNIT 3 MERCHANT EVEGATE BUSINESS PARK ASHFORD KENT TN25 6SX ENGLAND
Accountants
SimplTax Limited 103 High Street Waltham Cross Herts EN87AN
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F.I.R.S.T. MW LTD Accountants' report
Accountants' report to the director of F.I.R.S.T. MW LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of F.I.R.S.T. MW LTD for the year ended 30 April 2020 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 F.I.R.S.T. MW LTD, as a body, in accordance with the terms of our engagement letter dated 2 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of F.I.R.S.T. MW LTD 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 F.I.R.S.T. MW LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that F.I.R.S.T. MW LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of F.I.R.S.T. MW LTD. You consider that F.I.R.S.T. MW LTD 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 F.I.R.S.T. MW LTD. 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.
SimplTax Limited 103 High Street Waltham Cross Herts EN87AN 2 September 2020
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F.I.R.S.T. MW LTD Statement of financial position as at 30 April 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,562 
3,288 
Current assets
Debtors
5
7,210 
6,406 
Cash at bank and in hand
170,565 
142,306 
177,775 
148,712 
Creditors: amounts falling due within one year
6
(41,599)
(84,047)
Net current assets
136,176 
64,665 
Net assets
138,738 
67,953 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
136,738 
65,953 
Shareholders' funds
138,738 
67,953 
For the year ending 30 April 2020 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 director acknowledges his 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 and authorised for issue on 2 September 2020 and were signed on its behalf by
Malcolm Walker Director Company Registration No. 11309805
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F.I.R.S.T. MW LTD Notes to the Accounts for the year ended 30 April 2020
1
Statutory information
F.I.R.S.T. MW LTD is a private company, limited by shares, registered in England and Wales, registration number 11309805. The registered office is UNIT 3 MERCHANT, EVEGATE BUSINESS PARK, ASHFORD, KENT, TN25 6SX, ENGLAND.
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:
Plant & machinery
20%
Computer equipment
33.33%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2019
2,121 
1,167 
3,288 
Additions
108 
- 
108 
At 30 April 2020
2,229 
1,167 
3,396 
Depreciation
Charge for the year
445 
389 
834 
At 30 April 2020
445 
389 
834 
Net book value
At 30 April 2020
1,784 
778 
2,562 
At 30 April 2019
2,121 
1,167 
3,288 
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
7,200 
- 
Other debtors
10 
6,406 
7,210 
6,406 
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F.I.R.S.T. MW LTD Notes to the Accounts for the year ended 30 April 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
9,147 
- 
Trade creditors
- 
3,356 
Taxes and social security
32,374 
70,695 
Other creditors
78 
9,996 
41,599 
84,047 
7
Transactions with related parties
The company was under the control of Mr. M. Walker throughout the current year. Mr. M Walker. is personally interested in 50% of the company's issued share capital. Mr. M. Walker received dividends during the year of £30,160
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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