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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
Page
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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
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Midland Ladder Co. Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
552 
690 
Investments
16,000 
16,000 
16,552 
16,690 
Current assets
Inventories
2,000 
10,975 
Debtors
128,259 
144,346 
Cash at bank and in hand
283,692 
198,811 
413,951 
354,132 
Creditors: amounts falling due within one year
(175,152)
(153,962)
Net current assets
238,799 
200,170 
Net assets
255,351 
216,860 
Capital and reserves
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
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Midland Ladder Co. Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 May 2023
50 
502 
552 
At 31 May 2022
62 
628 
690 
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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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
128,158 
143,491 
Accrued income and prepayments
101 
855 
128,259 
144,346 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,262 
5,902 
Trade creditors
136,507 
134,959 
Taxes and social security
9,719 
6,893 
Other creditors
64 
118 
Loans from directors
12,110 
3,500 
Accruals
2,490 
2,590 
175,152 
153,962 
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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