1 September 2022 false No description of principal activity Taxfiler 2023.10 05549505business:PrivateLimitedCompanyLtd2022-09-012023-08-31 055495052022-08-31 055495052022-09-012023-08-31 05549505business:AuditExemptWithAccountantsReport2022-09-012023-08-31 05549505business:FilletedAccounts2022-09-012023-08-31 055495052023-08-31 05549505business:Director12022-09-012023-08-31 05549505business:RegisteredOffice2022-09-012023-08-31 055495052022-08-31 05549505core:WithinOneYear2023-08-31 05549505core:WithinOneYear2022-08-31 05549505core:AfterOneYear2023-08-31 05549505core:AfterOneYear2022-08-31 05549505core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 05549505core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 05549505core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 05549505core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 05549505core:PreviouslyStatedAmount2023-08-31 05549505core:PreviouslyStatedAmount2022-08-31 05549505business:SmallEntities2022-09-012023-08-31 05549505countries:EnglandWales2022-09-012023-08-31 05549505core:LandBuildings2022-08-31 05549505core:LandBuildings2023-08-31 05549505core:LandBuildings2022-09-012023-08-31 05549505business:OrdinaryShareClass12022-09-012023-08-31 05549505business:OrdinaryShareClass12021-09-012022-08-31 055495052021-09-012022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05549505 (England and Wales)
MIDLAND NETWORKS LTD Unaudited accounts for the year ended 31 August 2023
MIDLAND NETWORKS LTD Unaudited accounts Contents
Page
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MIDLAND NETWORKS LTD Company Information for the year ended 31 August 2023
Director
E R Neil
Company Number
05549505 (England and Wales)
Registered Office
40 RODBOROUGH ROAD, SHELDON BIRMINGHAM WEST MIDLANDS B26 2QD
Accountants
Parkers Accountancy 590a Kingsbury Road Erdington Birmingham B24 9ND
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MIDLAND NETWORKS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,220 
2,612 
Current assets
Cash at bank and in hand
123,747 
23,906 
Creditors: amounts falling due within one year
(24,759)
(250)
Net current assets
98,988 
23,656 
Total assets less current liabilities
101,208 
26,268 
Creditors: amounts falling due after more than one year
(41,486)
(2,169)
Net assets
59,722 
24,099 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
59,720 
24,097 
Shareholders' funds
59,722 
24,099 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 25 October 2023 and were signed on its behalf by
E R Neil Director Company Registration No. 05549505
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MIDLAND NETWORKS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
MIDLAND NETWORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 05549505. The registered office is 40 RODBOROUGH ROAD, SHELDON, BIRMINGHAM, WEST MIDLANDS, B26 2QD.
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.
Turnover
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
14,033 
At 31 August 2023
14,033 
Depreciation
At 1 September 2022
11,421 
Charge for the year
392 
At 31 August 2023
11,813 
Net book value
At 31 August 2023
2,220 
At 31 August 2022
2,612 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
470 
250 
Taxes and social security
17,152 
- 
Other creditors
7,137 
- 
24,759 
250 
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MIDLAND NETWORKS LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
41,486 
2,169 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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