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Company Registration No. 03964023 (England and Wales)
Midcam Engineering Limited Unaudited accounts for the year ended 31 July 2023
Midcam Engineering Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Midcam Engineering Limited Company Information for the year ended 31 July 2023
Directors
W W Campbell N W Midgley
Company Number
03964023 (England and Wales)
Registered Office
Unit 2, Batley Business Park Technology Drive Batley WEST YORKSHIRE WF17 6ER United Kingdom
Accountants
AAC Chartered Accountants Unit 2, Batley Business Park Technology Drive BATLEY WEST YORKSHIRE WF17 6ER
- 3 -
Midcam Engineering Limited Statement of financial position as at 31 July 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
10,263
11,365
Current assets
Inventories
67,000
67,000
Debtors
5
62,866
88,680
Cash at bank and in hand
49,847
35,234
179,713
190,914
Creditors: amounts falling due within one year
6
(74,432)
(88,719)
Net current assets
105,281
102,195
Total assets less current liabilities
115,544
113,560
Creditors: amounts falling due after more than one year
7
(45,614)
(51,304)
Net assets
69,930
62,256
Capital and reserves
Called up share capital
60,000
60,000
Profit and loss account
9,930
2,256
Shareholders' funds
69,930
62,256
For the year ending 31 July 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 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 4 October 2022 and were signed on its behalf by
W W Campbell Director Company Registration No. 03964023
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Midcam Engineering Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Midcam Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03964023. The registered office is Unit 2, Batley Business Park, Technology Drive, Batley, WEST YORKSHIRE, WF17 6ER, 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.
3
Accounting policies
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 August 2022
239,020
Additions
150
Disposals
(250)
At 31 July 2023
238,920
Depreciation
At 1 August 2022
227,655
Charge for the year
1,152
On disposals
(150)
At 31 July 2023
228,657
Net book value
At 31 July 2023
10,263
At 31 July 2022
11,365
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Midcam Engineering Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023
2022
£
£
Amounts falling due within one year
Trade debtors
62,866
88,680
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
51,632
58,182
Taxes and social security
11,305
16,345
Other creditors
11,495
14,192
74,432
88,719
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
45,614
45,614
Other creditors
-
5,690
45,614
51,304
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
W W Campbell
Directors Loan
4,456
-
4,456
-
N W Midgley
Directors Loan
1,234
-
1,234
-
5,690
-
5,690
-
9
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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