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Registered Number: 12065569
England and Wales

 

 

 

MIDLAND STAY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Accountants report
You consider that the company is exempt from an audit for the year ended 30 June 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Salhan Accountants
30 June 2023



....................................................
Salhan Accountants
54 Hagley Road
Edgbaston
Birmingham
B16 8PE
29 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 281,872    288,371 
281,872    288,371 
Current assets      
Cash at bank and in hand 6,888    69,201 
Creditors: amount falling due within one year (10,619)   (34,127)
Net current liabilities (3,731)   35,074 
 
Total assets less current liabilities 278,141    323,445 
Creditors: amount falling due after more than one year (248,492)   (289,794)
Net assets 29,649    33,651 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 29,549    33,551 
Shareholder's funds 29,649    33,651 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 November 2023 and were signed on its behalf by:


-------------------------------
Jonathan Tran
Director
2
General Information
MIDLAND STAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12065569, registration address 56 Geach Street, Birmingham, B19 2NZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 July 2022 264,950    238    23,183    288,371 
Additions      
Disposals      
At 30 June 2023 264,950    238    23,183    288,371 
Depreciation
At 01 July 2022      
Charge for year   66    6,433    6,499 
On disposals      
At 30 June 2023   66    6,433    6,499 
Net book values
Closing balance as at 30 June 2023 264,950    172    16,750    281,872 
Opening balance as at 01 July 2022 264,950    238    23,183    288,371 


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