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Company Registration No. 13471087 (England and Wales)
MIDLAND SOFA LTD Unaudited accounts for the year ended 30 June 2023
MIDLAND SOFA LTD Unaudited accounts Contents
Page
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MIDLAND SOFA LTD Company Information for the year ended 30 June 2023
Director
Karam ASADI KONAVI
Company Number
13471087 (England and Wales)
Registered Office
UNIT 5A STAGE INDUSTRIAL STATES OXFORD STREET BILSTON WV14 7HZ ENGLAND
Accountants
Fouladi and Co Accountants 30 High Street Cradley Heath West Midlands B64 5HL
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MIDLAND SOFA LTD Accountants' report
Accountants' report to the director of MIDLAND SOFA LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MIDLAND SOFA LTD for the year ended 30 June 2023 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MIDLAND SOFA LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MIDLAND SOFA LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MIDLAND SOFA LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MIDLAND SOFA LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MIDLAND SOFA LTD. You consider that MIDLAND SOFA 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 accounts of MIDLAND SOFA 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 accounts.
Fouladi and Co Accountants 30 High Street Cradley Heath West Midlands B64 5HL 4 March 2024
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MIDLAND SOFA LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
7,000 
4,500 
Cash at bank and in hand
6,097 
1,516 
13,097 
6,016 
Creditors: amounts falling due within one year
(13,289)
(8,029)
Net current liabilities
(192)
(2,013)
Net liabilities
(192)
(2,013)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(193)
(2,014)
Shareholders' funds
(192)
(2,013)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Karam ASADI KONAVI Director Company Registration No. 13471087
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MIDLAND SOFA LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
MIDLAND SOFA LTD is a private company, limited by shares, registered in England and Wales, registration number 13471087. The registered office is UNIT 5A STAGE INDUSTRIAL STATES, OXFORD STREET, BILSTON, WV14 7HZ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
595 
650 
Loans from directors
12,694 
7,379 
13,289 
8,029 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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