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
MIDLAND NETWORKS LTD
Company Information
for the year ended 31 August 2023
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
MIDLAND NETWORKS LTD
Statement of financial position
as at 31 August 2023
Tangible assets
2,220
2,612
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)
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
MIDLAND NETWORKS LTD
Notes to the Accounts
for the year ended 31 August 2023
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.
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 as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
At 1 September 2022
14,033
At 1 September 2022
11,421
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,152
-
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
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).