Company Registration No. 13393410 (England and Wales)
MAW Logistics Ltd
Unaudited accounts
for the year ended 31 May 2023
MAW Logistics Ltd
Unaudited accounts
Contents
MAW Logistics Ltd
Company Information
for the year ended 31 May 2023
Company Number
13393410 (England and Wales)
Registered Office
68 Hayling Road
South Oxhey
Watford
WD19 7BP
England
MAW Logistics Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
278
-
Creditors: amounts falling due within one year
(5,751)
2
Net current (liabilities)/assets
(4,783)
2
Net (liabilities)/assets
(4,783)
2
Called up share capital
2
2
Profit and loss account
(4,785)
-
Shareholders' funds
(4,783)
2
For the year ending 31 May 2023 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.
The financial statements were approved by the Board and authorised for issue on 31 March 2024 and were signed on its behalf by
Mr Jaco Rall
Director
Company Registration No. 13393410
MAW Logistics Ltd
Notes to the Accounts
for the year ended 31 May 2023
MAW Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13393410. The registered office is 68 Hayling Road, South Oxhey, Watford, WD19 7BP, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and
discounts.
The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive
income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
After reviewing the company's forecasts and projections, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future including financial support from the shareholder. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
MAW Logistics Ltd
Notes to the Accounts
for the year ended 31 May 2023
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when
there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end
of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
5,165
(1)
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).