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REGISTERED NUMBER: 08895851 (England and Wales)















MIDLAND STRUCTURAL FABRICATIONS LIMITED

Unaudited Financial Statements for the Year Ended 28 February 2023






MIDLAND STRUCTURAL FABRICATIONS LIMITED (REGISTERED NUMBER: 08895851)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDLAND STRUCTURAL FABRICATIONS LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Jack G Whittaker





REGISTERED OFFICE: 6, Waterside Business Park
Brettell Lane
Brierley Hill
West Midlands
DY5 3LH





REGISTERED NUMBER: 08895851 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MIDLAND STRUCTURAL FABRICATIONS LIMITED (REGISTERED NUMBER: 08895851)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,146 -

CURRENT ASSETS
Stocks 5,825 5,825
Debtors 5 57,761 61,650
Cash at bank and in hand 5,315 5,520
68,901 72,995
CREDITORS
Amounts falling due within one year 6 37,689 27,260
NET CURRENT ASSETS 31,212 45,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,358

45,735

CREDITORS
Amounts falling due after more than one
year

7

34,480

44,220
NET ASSETS 4,878 1,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,778 1,415
SHAREHOLDERS' FUNDS 4,878 1,515

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.

MIDLAND STRUCTURAL FABRICATIONS LIMITED (REGISTERED NUMBER: 08895851)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Jack G Whittaker - Director


MIDLAND STRUCTURAL FABRICATIONS LIMITED (REGISTERED NUMBER: 08895851)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Midland Structural Fabrications 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
Turnover 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.
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 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.

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 1 (2022 - 1 ) .

MIDLAND STRUCTURAL FABRICATIONS LIMITED (REGISTERED NUMBER: 08895851)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 8,500
At 28 February 2023 8,500
DEPRECIATION
Charge for year 354
At 28 February 2023 354
NET BOOK VALUE
At 28 February 2023 8,146

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,079 58,282
Other debtors 33,232 -
Directors' current accounts 19,450 -
Prepayments - 3,368
57,761 61,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,129 8,575
Tax 132 332
Social security and other taxes 24,484 5,940
Other creditors 6,654 5,193
Accrued expenses 1,290 7,220
37,689 27,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,880 9,600
Bank loans - 2-5 years 9,600 34,620
34,480 44,220

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 34,480 44,220

MIDLAND STRUCTURAL FABRICATIONS LIMITED (REGISTERED NUMBER: 08895851)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Jack G Whittaker
Balance outstanding at start of year - 11,500
Amounts advanced 19,450 -
Amounts repaid - (11,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,450 -