M R W Engineering Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04252774 (England and Wales)

Financial Statements

for the Year Ended 31 August 2017

for

M R W Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Wilmott

Mrs V L Wilmott

R J Wilmott

SECRETARY:

Mrs V L Wilmott

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

04252774 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

33,969

25,245

CURRENT ASSETS

Stocks

1,980

1,960

Debtors

5

43,856

46,141

Cash at bank and in hand

81,960

76,530

127,796

124,631

CREDITORS

Amounts falling due within one year

6

46,119

43,851

NET CURRENT ASSETS

81,677

80,780

TOTAL ASSETS LESS CURRENT LIABILITIES

115,646

106,025

PROVISIONS FOR LIABILITIES

6,454

4,797

NET ASSETS

109,192

101,228

CAPITAL AND RESERVES

Called up share capital

105

105

Retained earnings

109,087

101,123

SHAREHOLDERS' FUNDS

109,192

101,228

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 4 April 2018 and were signed on its behalf by:

M R Wilmott - Director

Mrs V L Wilmott - Director

1.	STATUTORY INFORMATION

M R W Engineering 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.

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

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks

Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in

progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

61,490

Additions

15,254

At 31 August 2017

76,744

DEPRECIATION

At 1 September 2016

36,245

Charge for year

6,530

At 31 August 2017

42,775

NET BOOK VALUE

At 31 August 2017

33,969

At 31 August 2016

25,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

35,712

44,493

Other debtors

8,144

1,648

43,856

46,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

11,764

9,785

Other creditors

34,355

34,066

46,119

43,851