MRW ENTERPRISES LIMITED

MRW ENTERPRISES LIMITED

MRW ENTERPRISES LIMITED - Company Information

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MRW ENTERPRISES LIMITED

Company Registration Number:
SC429576 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

MRW ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

MRW ENTERPRISES LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 742 1,485
Total fixed assets: 742 1,485
Current assets
Cash at bank and in hand: 2,944 2,318
Total current assets: 2,944 2,318
Creditors: amounts falling due within one year:   (2,530) (3,489)
Net current assets (liabilities): 414 (1,171)
Total assets less current liabilities: 1,156 314
Provision for liabilities: (141) (267)
Total net assets (liabilities): 1,015 47
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,014 46
Shareholders funds: 1,015 47

The notes form part of these financial statements

MRW ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 December 2023
and signed on behalf of the board by:

Name: MR M R Ward
Status: Director

The notes form part of these financial statements

MRW ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Thestage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staffrates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenueis recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Fixtures and fittings 25% straight lineComputers 33.33% straight line

MRW ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

MRW ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 4,138
At 31 March 2023 4,138
Depreciation
At 01 April 2022 2,653
Charge for year 743
At 31 March 2023 3,396
Net book value
At 31 March 2023 742
At 31 March 2022 1,485

Corporation tax 2,248 1,349Other creditors 282 2,140 Ordinary share capitalIssued and fully paid1 Ordinary share of £1 each 1 1