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REGISTERED NUMBER: 05990590















Financial Statements for the Year Ended 31 March 2018

for

Midas (South Woodford) Limited

Midas (South Woodford) Limited (Registered number: 05990590)

Contents of the Financial Statements
for the year ended 31 March 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Midas (South Woodford) Limited

Company Information
for the year ended 31 March 2018







DIRECTORS: Mr Sureen Ganatra
Mrs Shipra Ganatra





SECRETARY: Mr Sureen Ganatra





REGISTERED OFFICE: 1A Bushey Way
Beckenham
Kent
BR3 6TA





REGISTERED NUMBER: 05990590





ACCOUNTANTS: Ami & Co
195 White Horse Hill
Chislehurst
Kent
BR7 6DH

Midas (South Woodford) Limited (Registered number: 05990590)

Abridged Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,258 6,768
Tangible assets 5 2,688 7,105
4,946 13,873

CURRENT ASSETS
Debtors 22,500 8,000
Cash at bank 10,519 23,278
33,019 31,278
CREDITORS
Amounts falling due within one year 12,191 12,459
NET CURRENT ASSETS 20,828 18,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,774

32,692

CREDITORS
Amounts falling due after more than one
year

1,615

5,883
NET ASSETS 24,159 26,809

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 24,059 26,709
SHAREHOLDERS' FUNDS 24,159 26,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Midas (South Woodford) Limited (Registered number: 05990590)

Abridged Balance Sheet - continued
31 March 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 September 2018 and were signed on its behalf
by:





Mr Sureen Ganatra - Director


Midas (South Woodford) Limited (Registered number: 05990590)

Notes to the Financial Statements
for the year ended 31 March 2018


1. STATUTORY INFORMATION

Midas (South Woodford) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The directors have confirmed that the company is a going concern and that the Financial Statements have been
prepared on a going concern basis.

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 2007, is being amortised evenly over its estimated useful life of twelve 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.
Short leasehold - in accordance with the property
Fixtures and fittings - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 11 ) .

Midas (South Woodford) Limited (Registered number: 05990590)

Notes to the Financial Statements - continued
for the year ended 31 March 2018


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 37,000
AMORTISATION
At 1 April 2017 30,232
Amortisation for year 4,510
At 31 March 2018 34,742
NET BOOK VALUE

At 31 March 2018 2,258
At 31 March 2017 6,768

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 35,052
DEPRECIATION
At 1 April 2017 27,947
Charge for year 4,417
At 31 March 2018 32,364
NET BOOK VALUE
At 31 March 2018 2,688
At 31 March 2017 7,105

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Sureen Ganatra.