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REGISTERED NUMBER: 08183964 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

MIDLAND METAL WINDOWS LIMITED

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDLAND METAL WINDOWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: Mr M Spencer
Mr P Saunders





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 08183964 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,630 114,385

CURRENT ASSETS
Stocks 78,210 116,692
Debtors 5 82,816 86,413
Cash at bank and in hand 132,309 159,696
293,335 362,801
CREDITORS
Amounts falling due within one year 6 225,814 278,329
NET CURRENT ASSETS 67,521 84,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,151

198,857

CREDITORS
Amounts falling due after more than one
year

7

(46,310

)

(68,496

)

PROVISIONS FOR LIABILITIES (19,500 ) (21,733 )
NET ASSETS 104,341 108,628

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,241 108,528
SHAREHOLDERS' FUNDS 104,341 108,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

BALANCE SHEET - continued
31ST AUGUST 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 Board of Directors and authorised for issue on 23rd November 2023 and were signed on its behalf by:




Mr M Spencer - Director



Mr P Saunders - Director


MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Midland Metal Windows 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 & amounts recoverable on contracts
Turnover represents net invoiced sales of goods, excluding value added tax. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st September 2022 22,455 64,059 26,808
Additions - 189 -
Disposals - - -
At 31st August 2023 22,455 64,248 26,808
DEPRECIATION
At 1st September 2022 13,014 31,032 11,173
Charge for year 1,416 4,982 3,084
Eliminated on disposal - - -
At 31st August 2023 14,430 36,014 14,257
NET BOOK VALUE
At 31st August 2023 8,025 28,234 12,551
At 31st August 2022 9,441 33,027 15,635

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st September 2022 98,525 11,805 223,652
Additions 13,900 2,011 16,100
Disposals (3,500 ) - (3,500 )
At 31st August 2023 108,925 13,816 236,252
DEPRECIATION
At 1st September 2022 42,813 11,235 109,267
Charge for year 16,259 1,158 26,899
Eliminated on disposal (2,544 ) - (2,544 )
At 31st August 2023 56,528 12,393 133,622
NET BOOK VALUE
At 31st August 2023 52,397 1,423 102,630
At 31st August 2022 55,712 570 114,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,740 71,102
Other debtors 17,076 15,311
82,816 86,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,500 9,768
Hire purchase contracts 11,606 23,015
Trade creditors 42,416 45,866
Taxation and social security 105,157 89,428
Other creditors 56,135 110,252
225,814 278,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 26,884 38,573
Other creditors 19,426 29,923
46,310 68,496

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 38,490 61,588