Company Registration No. 02594853 (England and Wales)
Midland Ladder Co. Limited
Unaudited accounts
for the year ended 31 May 2023
Midland Ladder Co. Limited
Unaudited accounts
Contents
Midland Ladder Co. Limited
Company Information
for the year ended 31 May 2023
Directors
Melinda Anne Humphreys
John Peter Humphreys
Andrew Michael Humphries
Secretary
Melinda Anne Humphreys
Company Number
02594853 (England and Wales)
Registered Office
DOWN IN THE VALLEY COTTAGE HANBURY ROAD
HANBURY
BROMSGROVE
B60 4HJ
ENGLAND
Accountants
Clark & Deen Taxpro Limited
Benson House, Suite D
98-104 Lombard Street
Birmingham
West Midlands
B12 0QR
Midland Ladder Co. Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
283,692
198,811
Creditors: amounts falling due within one year
(175,152)
(153,962)
Net current assets
238,799
200,170
Net assets
255,351
216,860
Called up share capital
2
2
Profit and loss account
255,349
216,858
Shareholders' funds
255,351
216,860
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 19 July 2023 and were signed on its behalf by
Melinda Anne Humphreys
Director
Company Registration No. 02594853
Midland Ladder Co. Limited
Notes to the Accounts
for the year ended 31 May 2023
Midland Ladder Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 02594853. The registered office is DOWN IN THE VALLEY COTTAGE HANBURY ROAD, HANBURY, BROMSGROVE, B60 4HJ, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
52,707
27,358
80,065
At 31 May 2023
52,707
27,358
80,065
At 1 June 2022
52,645
26,730
79,375
Charge for the year
12
126
138
At 31 May 2023
52,657
26,856
79,513
Midland Ladder Co. Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Investments
Other investments
Valuation at 1 June 2022
16,000
Valuation at 31 May 2023
16,000
Amounts falling due within one year
Trade debtors
128,158
143,491
Accrued income and prepayments
101
855
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
136,507
134,959
Taxes and social security
9,719
6,893
Loans from directors
12,110
3,500
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).