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MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD

Unaudited Financial Statements for the Year Ended 31 March 2023






MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD (REGISTERED NUMBER: 06858221)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Smith





REGISTERED OFFICE: 24 Manor Park Road
Birmingham
B36 0DJ





REGISTERED NUMBER: 06858221 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD (REGISTERED NUMBER: 06858221)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 45,607 49,395

CURRENT ASSETS
Debtors 6 251,575 176,460
Cash at bank and in hand 139,509 144,776
391,084 321,236
CREDITORS
Amounts falling due within one year 7 (222,713 ) (216,893 )
NET CURRENT ASSETS 168,371 104,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,978

153,738

CREDITORS
Amounts falling due after more than one
year

8

(45,044

)

(75,830

)

PROVISIONS FOR LIABILITIES 10 (4,434 ) -
NET ASSETS 164,500 77,908

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 164,400 77,808
SHAREHOLDERS' FUNDS 164,500 77,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD (REGISTERED NUMBER: 06858221)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





A Smith - Director


MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD (REGISTERED NUMBER: 06858221)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Midland Air Conditioning & Facility Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD (REGISTERED NUMBER: 06858221)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 77,661
Additions 18,336
Disposals (24,725 )
At 31 March 2023 71,272
DEPRECIATION
At 1 April 2022 28,266
Charge for year 10,824
Eliminated on disposal (13,425 )
At 31 March 2023 25,665
NET BOOK VALUE
At 31 March 2023 45,607
At 31 March 2022 49,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 158,782 113,707
Other debtors 92,793 62,753
251,575 176,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 2,677 5,770
Trade creditors 112,146 96,522
Taxation and social security 54,118 60,792
Other creditors 33,772 33,809
222,713 216,893

MIDLAND AIR CONDITIONING & FACILITY
MANAGEMENT LTD (REGISTERED NUMBER: 06858221)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 43,333 63,333
Hire purchase contracts 1,711 12,497
45,044 75,830

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 4,388 18,267

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 4,434 -

Deferred
tax
£   
Provided during year 4,434
Balance at 31 March 2023 4,434

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100