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REGISTERED NUMBER: 11192699 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MIDDLEWOOD JOINERY & INTERIORS LIMITED

MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


MIDDLEWOOD JOINERY & INTERIORS LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: Mr J S B Middleton





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD





REGISTERED NUMBER: 11192699 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)

REPORT OF THE DIRECTOR
for the Year Ended 28 February 2023

The director presents his report with the financial statements of the company for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of joinery installation

DIRECTOR
Mr J S B Middleton held office during the whole of the period from 1 March 2022 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

28.2.23 1.3.22
Ordinary shares of £1.00 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J S B Middleton - Director


24 November 2023

MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,616 2,658

CURRENT ASSETS
Inventories 5,060 34,060
Debtors 5 113,754 19,767
Cash at bank 14,984 3,131
133,798 56,958
CREDITORS
Amounts falling due within one year 6 (78,294 ) (23,445 )
NET CURRENT ASSETS 55,504 33,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,120

36,171

CREDITORS
Amounts falling due after more than one
year

7

(26,833

)

(31,167

)

PROVISIONS FOR LIABILITIES (497 ) (505 )
NET ASSETS 30,790 4,499

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,789 4,498
SHAREHOLDERS' FUNDS 30,790 4,499

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 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.

MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Mr J S B Middleton - Director


MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Middlewood Joinery & Interiors 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.

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
Revenue 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 3,272 1,516 4,788
Additions - 831 831
At 28 February 2023 3,272 2,347 5,619
DEPRECIATION
At 1 March 2022 1,485 645 2,130
Charge for year 447 426 873
At 28 February 2023 1,932 1,071 3,003
NET BOOK VALUE
At 28 February 2023 1,340 1,276 2,616
At 28 February 2022 1,787 871 2,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 96,762 19,767
Other debtors 16,992 -
113,754 19,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 11,165 7,828
Trade creditors 159 8,786
Taxation and social security 11,117 460
Other creditors 55,853 6,371
78,294 23,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 26,833 31,167

MIDDLEWOOD JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 11192699)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 8,382 2,027
Between one and five years 9,096 169
17,478 2,196

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S B Middleton.