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REGISTERED NUMBER: 09439391 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Midcounties Blacking Limited

Midcounties Blacking Limited (Registered number: 09439391)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Midcounties Blacking Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs T L Hartshorne
D G Hartshorne





REGISTERED OFFICE: Unit 62 Britannia Way
Britannia Enterprise Park
Lichfield
Staffordshire
WS14 9UY





REGISTERED NUMBER: 09439391 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Midcounties Blacking Limited (Registered number: 09439391)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,365 18,954
Investment property 5 201,000 201,000
216,365 219,954

CURRENT ASSETS
Stocks 20,000 40,000
Debtors 6 24,339 33,193
Cash at bank and in hand 3,524 10,449
47,863 83,642
CREDITORS
Amounts falling due within one year 7 (235,610 ) (211,420 )
NET CURRENT LIABILITIES (187,747 ) (127,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,618

92,176

CREDITORS
Amounts falling due after more than one
year

8

(27,432

)

(82,826

)
NET ASSETS 1,186 9,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,086 9,250
SHAREHOLDERS' FUNDS 1,186 9,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Midcounties Blacking Limited (Registered number: 09439391)

Balance Sheet - continued
28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2023 and were signed on its behalf by:





Mrs T L Hartshorne - Director


Midcounties Blacking Limited (Registered number: 09439391)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Midcounties Blacking Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 - 15% on reducing balance
Web development costs - 25% on cost

Investment property
Investment property is shown at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Midcounties Blacking Limited (Registered number: 09439391)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Web
Plant and development Computer
machinery costs equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 38,616 4,400 634 43,650
DEPRECIATION
At 1 March 2022 22,045 2,017 634 24,696
Charge for year 2,489 1,100 - 3,589
At 28 February 2023 24,534 3,117 634 28,285
NET BOOK VALUE
At 28 February 2023 14,082 1,283 - 15,365
At 28 February 2022 16,571 2,383 - 18,954

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 March 2022
and 28 February 2023 201,000
NET BOOK VALUE
At 28 February 2023 201,000
At 28 February 2022 201,000

The cost of £201,000 is considered by the directors to be representative of the current market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,664 32,366
Amounts owed by group undertakings 451 -
Other debtors 2,224 827
24,339 33,193

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 115,484 76,310
Trade creditors 5,431 11,958
Taxation and social security 541 14,052
Other creditors 114,154 109,100
235,610 211,420

Midcounties Blacking Limited (Registered number: 09439391)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 27,432 82,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 36,379

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 142,248 159,136

10. RELATED PARTY DISCLOSURES

At 28 February 2023, the directors loan account totalled £108,343 (2022 - £108,480).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Midcounties Blacking Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Midcounties Blacking Limited for the year ended 28 February 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Midcounties Blacking Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Midcounties Blacking Limited and state those matters that we have agreed to state to the Board of Directors of Midcounties Blacking Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midcounties Blacking Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Midcounties Blacking Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Midcounties Blacking Limited. You consider that Midcounties Blacking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Midcounties Blacking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


6 June 2023