Mid Wales Manufacturing Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02922322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Mid Wales Manufacturing Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H Barrett

J A Bebb

M D Mills

G Morris

P J Webber

C R Gilliard

SECRETARY:

J Engleheart

REGISTERED OFFICE:

NPTC Newtown Campus

Llanidloes Road

Newtown

Powys

SY16 4HU

REGISTERED NUMBER:

02922322 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

4

640

911

CURRENT ASSETS

Debtors

5

10,198

14,142

Cash at bank and in hand

118,433

93,206

128,631

107,348

CREDITORS

Amounts falling due within one year

6

59,593

38,398

NET CURRENT ASSETS

69,038

68,950

TOTAL ASSETS LESS CURRENT LIABILITIES

69,678

69,861

RESERVES

Income and expenditure account

69,678

69,861

69,678

69,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2022 and were signed on its behalf by:

H Barrett - Director

1.	STATUTORY INFORMATION

Mid Wales Manufacturing Group Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents invoiced sales of services and funding, excluding value added tax.

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

-

33% on cost and 20% on cost

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 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

42,508

Additions

358

At 31 March 2021

42,866

DEPRECIATION

At 1 April 2020

41,597

Charge for year

629

At 31 March 2021

42,226

NET BOOK VALUE

At 31 March 2021

640

At 31 March 2020

911

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

144

7,395

Other debtors

10,054

6,747

10,198

14,142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

1,778

2,082

Taxation and social security

865

2,534

Other creditors

56,950

33,782

59,593

38,398

7.	LIMITED BY GUARANTEE

Every member of the company undertakes to contribute to the assets of the company in the event of a winding up. The liability of each member in this respect is limited to one pound and ceases one year after ceasing to be a member. The company has no share capital.