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COMPANY REGISTRATION NUMBER: 8690206
Middle-Point Ltd
Filleted Unaudited Financial Statements
30 September 2023
Middle-Point Ltd
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
256
191
Current assets
Debtors
6
630
770
Cash at bank and in hand
19,583
19,678
-------
-------
20,213
20,448
Creditors: amounts falling due within one year
7
18,300
20,212
-------
-------
Net current assets
1,913
236
------
----
Total assets less current liabilities
2,169
427
Provisions
Taxation including deferred tax
49
36
------
----
Net assets
2,120
391
------
----
Capital and reserves
Called up share capital
2
2
Profit and loss account
2,118
389
------
----
Shareholders funds
2,120
391
------
----
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 February 2024 , and are signed on behalf of the board by:
Mrs L B Dean
Director
Company registration number: 8690206
Middle-Point Ltd
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 112-114 High Street, Rickmansworth, Herts, WD3 1AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for work carried out during the year.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Technical Equipment
-
33% straight line
(f) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The company has no employees with all work undertaken by the directors who are not engaged under service contracts.
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2022
3,564
3,564
Additions
306
306
Disposals
( 1,803)
( 1,803)
------
------
At 30 September 2023
2,067
2,067
------
------
Depreciation
At 1 October 2022
3,373
3,373
Charge for the year
84
84
Disposals
( 1,646)
( 1,646)
------
------
At 30 September 2023
1,811
1,811
------
------
Carrying amount
At 30 September 2023
256
256
------
------
At 30 September 2022
191
191
------
------
6. Debtors
2023
2022
£
£
Trade debtors
630
500
Other debtors
270
----
----
630
770
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
386
175
Corporation tax
623
441
Other creditors
17,291
19,596
-------
-------
18,300
20,212
-------
-------