Company Registration No. 09298911 (England and Wales)
MIDASSE RESOURCE LTD
Final accounts
for the year ended 30 November 2021
MIDASSE RESOURCE LTD
Final accounts
Contents
MIDASSE RESOURCE LTD
Company Information
for the year ended 30 November 2021
Directors
OLUBUNMI SMITH
SHAMSIDEEN SMITH
Company Number
09298911 (England and Wales)
Registered Office
15 Drapers Way
London
SE16 3AU
United Kingdom
Accountants
DKA Accounting Ltd.
East Wing, Castle House
Dawson Road
Milton Keynes
Buckinghamshire
MK1 1QY
MIDASSE RESOURCE LTD
Statement of financial position
as at 30 November 2021
Cash at bank and in hand
-
9
Creditors: amounts falling due within one year
21,206
32,282
Net current assets
21,206
32,291
Total assets less current liabilities
21,206
32,291
Creditors: amounts falling due after more than one year
(45,002)
(50,000)
Net liabilities
(23,796)
(17,709)
Called up share capital
100
100
Profit and loss account
(23,896)
(17,809)
Shareholders' funds
(23,796)
(17,709)
For the year ending 30 November 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
OLUBUNMI SMITH
Director
Company Registration No. 09298911
MIDASSE RESOURCE LTD
Notes to the Accounts
for the year ended 30 November 2021
MIDASSE RESOURCE LTD is a private company, limited by shares, registered in England and Wales, registration number 09298911. The registered office is 15 Drapers Way, London, SE16 3AU, United Kingdom.
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.
The accounts are presented in £ sterling.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% p.a.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2020
3,500
1,275
4,775
At 30 November 2021
3,500
1,275
4,775
At 1 December 2020
3,500
1,275
4,775
At 30 November 2021
3,500
1,275
4,775
5
Creditors: amounts falling due within one year
2021
2020
Loans from directors
(21,206)
(32,282)
MIDASSE RESOURCE LTD
Notes to the Accounts
for the year ended 30 November 2021
6
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).