MWF Consultant Engineers Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08442160 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

FOR

MWF CONSULTANT ENGINEERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bowen

Mrs A J Bowen

A S Bowen

REGISTERED OFFICE:

Threshing Barn

Pillaton

Penkridge

Staffordshire

ST19 5RZ

REGISTERED NUMBER:

08442160 (England and Wales)

FIXED ASSETS

Intangible assets

4

108,000

126,000

Tangible assets

5

10,949

13,548

118,949

139,548

CURRENT ASSETS

Stocks

3,000

2,200

Debtors

6

85,598

105,791

Cash at bank and in hand

1,469

1,468

90,067

109,459

CREDITORS

Amounts falling due within one year

7

202,253

244,347

NET CURRENT LIABILITIES

(112,186

)

(134,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,763

4,660

CREDITORS

Amounts falling due after more than one year

8

(2,568

)

(6,195

)

PROVISIONS FOR LIABILITIES

9

(2,190

)

(2,710

)

NET ASSETS/(LIABILITIES)

2,005

(4,245

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,905

(4,345

)

SHAREHOLDERS' FUNDS

2,005

(4,245

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 profit or loss 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th October 2017 and were signed on its behalf by:

A Bowen - Director

1.	STATUTORY INFORMATION

MWF Consultant Engineers Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

180,000

AMORTISATION

At 1st April 2016

54,000

Charge for year

18,000

At 31st March 2017

72,000

NET BOOK VALUE

At 31st March 2017

108,000

At 31st March 2016

126,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

and 31st March 2017

18,235

DEPRECIATION

At 1st April 2016

4,687

Charge for year

2,599

At 31st March 2017

7,286

NET BOOK VALUE

At 31st March 2017

10,949

At 31st March 2016

13,548

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2016

and 31st March 2017

11,055

DEPRECIATION

At 1st April 2016

2,764

Charge for year

2,073

At 31st March 2017

4,837

NET BOOK VALUE

At 31st March 2017

6,218

At 31st March 2016

8,291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

85,598

105,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

9,130

8,094

Hire purchase contracts

3,627

3,627

Trade creditors

89,358

112,170

Taxation and social security

24,642

30,307

Other creditors

75,496

90,149

202,253

244,347

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,568

6,195

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

2,190

2,710

Deferred

tax

£

Balance at 1st April 2016

2,710

Accelerated Capital Allowances

(520

)

Balance at 31st March 2017

2,190

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1st April 2016

(4,345

)

Profit for the year

43,250

Dividends

(37,000

)

At 31st March 2017

1,905