Mid Wales Manufacturing Group Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 02922322 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2021 to 31 July 2022

for

Mid Wales Manufacturing Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Bebb

M D Mills

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

160

640

CURRENT ASSETS

Debtors

5

49,963

10,198

Cash at bank and in hand

71,056

118,433

121,019

128,631

CREDITORS

Amounts falling due within one year

6

18,579

59,593

NET CURRENT ASSETS

102,440

69,038

TOTAL ASSETS LESS CURRENT LIABILITIES

102,600

69,678

RESERVES

Income and expenditure account

102,600

69,678

102,600

69,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 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 27 March 2023 and were signed on its behalf by:

M D Mills - 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 period was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 July 2022

42,866

DEPRECIATION

At 1 April 2021

42,226

Charge for period

480

At 31 July 2022

42,706

NET BOOK VALUE

At 31 July 2022

160

At 31 March 2021

640

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.3.21

£

£

Trade debtors

40,029

144

Other debtors

9,934

10,054

49,963

10,198

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.3.21

£

£

Trade creditors

7,515

1,778

Taxation and social security

1,076

865

Other creditors

9,988

56,950

18,579

59,593

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.