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REGISTERED NUMBER: 03812103 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2022 to 31 October 2023

for

Midland Surface Heating Limited

Midland Surface Heating Limited (Registered number: 03812103)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 October 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Midland Surface Heating Limited

Company Information
for the Period 1 August 2022 to 31 October 2023







DIRECTORS: P M Scully
M Scully
Mrs T Scully





SECRETARY: Mrs T Scully





REGISTERED OFFICE: 14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 03812103 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Midland Surface Heating Limited (Registered number: 03812103)

Abridged Statement of Financial Position
31 October 2023

31.10.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,007 19,119

CURRENT ASSETS
Stocks - 14,895
Debtors 242,653 118,750
Cash at bank 176,920 235,952
419,573 369,597
CREDITORS
Amounts falling due within one year 73,138 58,890
NET CURRENT ASSETS 346,435 310,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,442

329,826

PROVISIONS FOR LIABILITIES 3,315 3,633
NET ASSETS 357,127 326,193

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 357,027 326,093
SHAREHOLDERS' FUNDS 357,127 326,193

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Surface Heating Limited (Registered number: 03812103)

Abridged Statement of Financial Position - continued
31 October 2023


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 Income Statement and an abridged Statement of Financial Position for the period ended 31 October 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.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





P M Scully - Director


Midland Surface Heating Limited (Registered number: 03812103)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 October 2023

1. STATUTORY INFORMATION

Midland Surface Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Midland Surface Heating Limited (Registered number: 03812103)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 151,957
Additions 88,917
Disposals (88,166 )
At 31 October 2023 152,708
DEPRECIATION
At 1 August 2022 132,838
Charge for period 5,863
At 31 October 2023 138,701
NET BOOK VALUE
At 31 October 2023 14,007
At 31 July 2022 19,119

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2022 14,816
Transfer to ownership (14,816 )
At 31 October 2023 -
DEPRECIATION
At 1 August 2022 10,128
Transfer to ownership (10,128 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 July 2022 4,688

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

Midland Surface Heating Limited (Registered number: 03812103)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 October 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2023 and the year ended 31 July 2022:

31.10.23 31.7.22
£    £   
P M Scully
Balance outstanding at start of period (308 ) (531 )
Amounts advanced 96,672 30,823
Amounts repaid (33,750 ) (30,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 62,614 (308 )

Mrs T Scully
Balance outstanding at start of period (308 ) (531 )
Amounts advanced 34,058 30,823
Amounts repaid (33,750 ) (30,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (308 )

M Scully
Balance outstanding at start of period (308 ) (530 )
Amounts advanced 14,765 7,022
Amounts repaid (7,500 ) (6,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 6,957 (308 )

7. ULTIMATE CONTROLLING PARTY

During the financial year the controlling parties were the directors by virtue of their 100% ownership of the issued share capital of the company.