MWB_ENGINEERING_LIMITED - Accounts

MWB ENGINEERING LIMITED - Company Information

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Company Registration No. 09422472 (England and Wales)

MWB ENGINEERING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

MWB ENGINEERING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MWB ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Intangible assets

19,745

Tangible assets

18,818

38,563

Current assets

Stocks

2,000

Debtors

12,741

Cash at bank and in hand

1,979

16,720

Creditors: amounts falling due within one year

(41,300)

Net current liabilities

(24,580)

Total assets less current liabilities

13,983

Creditors: amounts falling due after more than one year

(12,027)

1,956

Capital and reserves

Called up share capital

300

Profit and loss account

1,656

Shareholders' funds

1,956

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2016

Mr M W Brooks

Mr D W Brooks

Director

Company Registration No. 09422472

MWB ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% Reducing Balance

Fixtures, fittings & equipment

20% Reducing Balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 4 February 2015

Additions

21,939

19,818

41,757

At 31 March 2016

21,939

19,818

41,757

Depreciation

At 4 February 2015

Charge for the period

2,194

1,000

3,194

At 31 March 2016

2,194

1,000

3,194

Net book value

At 31 March 2016

19,745

18,818

38,563

MWB ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

300 Ordinary Shares of £1 each

300

On 4th February 2015, 300 ordinary shares of £1 each were issued at par.

Related party relationships and transactions

Other transactions

Included within other creditors is an amount of £8,175 due to the directors. There is no interest accruing on this amount.