MMW Group Ltd

MMW Group Ltd

MMW GROUP LTD - Company Information

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1 October 2016 false Taxfiler 2018.5.Web 09773564business:PrivateLimitedCompanyLtd2016-10-012017-09-30 097735642016-09-30 097735642016-10-012017-09-30 09773564business:AuditExemptWithAccountantsReport2016-10-012017-09-30 09773564business:FullAccounts2016-10-012017-09-30 097735642017-09-30 09773564business:Director12016-10-012017-09-30 09773564business:RegisteredOffice2016-10-012017-09-30 097735642016-09-30 09773564core:WithinOneYear2017-09-30 09773564core:WithinOneYear2016-09-30 09773564core:AfterOneYear2017-09-30 09773564core:AfterOneYear2016-09-30 09773564core:ShareCapital2017-09-30 09773564core:ShareCapital2016-09-30 09773564core:RetainedEarningsAccumulatedLosses2017-09-30 09773564core:RetainedEarningsAccumulatedLosses2016-09-30 09773564business:SmallEntities2016-10-012017-09-30 09773564countries:EnglandWales2016-10-012017-09-30 09773564core:MotorVehicles2016-10-012017-09-30 09773564core:ComputerEquipment2016-10-012017-09-30 09773564core:MotorVehicles2016-09-30 09773564core:MotorVehicles2017-09-30 09773564business:OrdinaryShareClass12016-10-012017-09-30 09773564business:OrdinaryShareClass12015-09-112016-09-30 097735642015-09-112016-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09773564 (England and Wales)
MMW Group Ltd Unaudited accounts for the year ended 30 September 2017
MMW Group Ltd Unaudited accounts Contents
Page
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MMW Group Ltd Company Information for the year ended 30 September 2017
Director
Waqar Mohammad
Company Number
09773564 (England and Wales)
Registered Office
104 Sunnyside Road Droylsden Manchester M43 7PA
Accountants
Urban Accounting Solutions Ltd 101 Finsbury Pavement Moorgate London EC2A 1RS
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MMW Group Ltd Statement of financial position as at 30 September 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,010 
13,090 
Current assets
Debtors
5
900 
750 
Cash at bank and in hand
1,673 
530 
2,573 
1,280 
Creditors: amounts falling due within one year
6
(8,215)
(11,593)
Net current liabilities
(5,642)
(10,313)
Total assets less current liabilities
4,368 
2,777 
Creditors: amounts falling due after more than one year
7
(882)
(4,412)
Net assets/(liabilities)
3,486 
(1,635)
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
3,386 
(1,735)
Shareholders' funds
3,486 
(1,635)
For the year ending 30 September 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 June 2018.
Waqar Mohammad Director Company Registration No. 09773564
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MMW Group Ltd Notes to the Accounts for the year ended 30 September 2017
1
Statutory information
MMW Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09773564. The registered office is 104 Sunnyside Road , Droylsden, Manchester, M43 7PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 11 September 2015
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Leased assets
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)
Computer equipment
20% on (Straight line basis)
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MMW Group Ltd Notes to the Accounts for the year ended 30 September 2017
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 October 2016
15,400 
At 30 September 2017
15,400 
Depreciation
At 1 October 2016
2,310 
Charge for the year
3,080 
At 30 September 2017
5,390 
Net book value
At 30 September 2017
10,010 
At 30 September 2016
13,090 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
900 
750 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,530 
3,530 
Taxes and social security
1,553 
- 
Loans from directors
3,132 
8,063 
8,215 
11,593 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
882 
4,412 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
At the year end, £3,132 is owed to Waqar Mohammad by the company (FY Sep16 £8,063).
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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