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REGISTERED NUMBER: 00933184 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Minitek (Mouldings) Ltd

Minitek (Mouldings) Ltd (Registered number: 00933184)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Minitek (Mouldings) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: K P Dilleigh





SECRETARY: K P Dilleigh





REGISTERED OFFICE: Pennard Close
Brackmills
Northampton
Northamptonshire
NN4 7BE





REGISTERED NUMBER: 00933184 (England and Wales)





ACCOUNTANTS: CED Accountancy Services Limited
1 Lucas Bridge Business Park
1 Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX

Minitek (Mouldings) Ltd (Registered number: 00933184)

Abridged Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 520,000 520,000

CURRENT ASSETS
Stocks 25,087 25,242
Debtors 21,376 14,312
Cash at bank and in hand 58,796 55,266
105,259 94,820
CREDITORS
Amounts falling due within one year 44,772 44,336
NET CURRENT ASSETS 60,487 50,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,487

570,484

CAPITAL AND RESERVES
Called up share capital 1,875 1,875
Revaluation reserve 4 453,207 453,207
Capital redemption reserve 625 625
Retained earnings 124,780 114,777
SHAREHOLDERS' FUNDS 580,487 570,484

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Minitek (Mouldings) Ltd (Registered number: 00933184)

Abridged Balance Sheet - continued
31 July 2023



The financial statements were approved by the director and authorised for issue on 25 January 2024 and were signed by:





K P Dilleigh - Director


Minitek (Mouldings) Ltd (Registered number: 00933184)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Minitek (Mouldings) Ltd (Registered number: 00933184)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 706,952
DEPRECIATION
At 1 August 2022
and 31 July 2023 186,952
NET BOOK VALUE
At 31 July 2023 520,000
At 31 July 2022 520,000

Cost or valuation at 31 July 2023 is represented by:

Totals
£   
Valuation in 2016 218,207
Valuation in 2021 235,000
Cost 253,745
706,952

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 66,793 66,793
Aggregate depreciation 40,076 40,076

Freehold land and buildings were valued on an open market basis on 31 July 2023 by the Directors .

4. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 453,207

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Minitek (Mouldings) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Minitek (Mouldings) Ltd for the year ended 31 July 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Minitek (Mouldings) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Minitek (Mouldings) Ltd and state those matters that we have agreed to state to the director of Minitek (Mouldings) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Minitek (Mouldings) Ltd and its director for our work or for this report.

It is your duty to ensure that Minitek (Mouldings) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Minitek (Mouldings) Ltd. You consider that Minitek (Mouldings) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Minitek (Mouldings) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CED Accountancy Services Limited
1 Lucas Bridge Business Park
1 Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX


25 January 2024