MWF Consultant Engineers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08442160 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020

FOR

MWF CONSULTANT ENGINEERS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bowen

Mrs A J Bowen

A S Bowen

REGISTERED OFFICE:

Threshing Barn

Pillaton

Penkridge

Staffordshire

ST19 5RZ

REGISTERED NUMBER:

08442160 (England and Wales)

FIXED ASSETS

Intangible assets

4

54,000

72,000

Tangible assets

5

31,178

9,726

85,178

81,726

CURRENT ASSETS

Stocks

19,707

21,535

Debtors

114,611

119,281

Cash at bank and in hand

724

11,904

135,042

152,720

CREDITORS

Amounts falling due within one year

192,202

235,881

NET CURRENT LIABILITIES

(57,160

)

(83,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,018

(1,435

)

CREDITORS

Amounts falling due after more than one year

(23,336

)

-

PROVISIONS FOR LIABILITIES

(5,924

)

(1,848

)

NET LIABILITIES

(1,242

)

(3,283

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,342

)

(3,383

)

SHAREHOLDERS' FUNDS

(1,242

)

(3,283

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th December 2020 and were signed on its behalf by:

A Bowen - Director

1.	STATUTORY INFORMATION

MWF Consultant Engineers 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2019

and 31st March 2020

180,000

AMORTISATION

At 1st April 2019

108,000

Amortisation for year

18,000

At 31st March 2020

126,000

NET BOOK VALUE

At 31st March 2020

54,000

At 31st March 2019

72,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2019

21,193

Additions

30,599

At 31st March 2020

51,792

DEPRECIATION

At 1st April 2019

11,467

Charge for year

9,147

At 31st March 2020

20,614

NET BOOK VALUE

At 31st March 2020

31,178

At 31st March 2019

9,726