Company Registration No. 09773564 (England and Wales)
MMW Group Ltd
Abbreviated unaudited accounts
for the period from 11 September 2015 to 30 September 2016
MMW Group Ltd
Abbreviated Balance Sheet
as at 30 September 2016
Cash at bank and in hand
530
Creditors: amounts falling due within one year
(11,593)
Net current liabilities
(10,313)
Total assets less current liabilities
2,777
Creditors: amounts falling due after more than one year
(4,412)
Called up share capital
100
Profit and loss account
(1,735)
Total shareholders' funds
(1,635)
For the period ending 30 September 2016 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 8 June 2017
Waqar Mohammad
Director
Company Registration No. 09773564
MMW Group Ltd
Notes to the Abbreviated Accounts
for the period from 11 September 2015 to 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on (Straight line basis)
At 30 September 2016
15,400
At 30 September 2016
2,310
At 30 September 2016
13,090
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100