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Company Registration No. 10749112 (England and Wales)
MIDLANDS MORTGAGE SOLUTIONS LTD Unaudited accounts for the year ended 31 May 2023
MIDLANDS MORTGAGE SOLUTIONS LTD Unaudited accounts Contents
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MIDLANDS MORTGAGE SOLUTIONS LTD Company Information for the year ended 31 May 2023
Director
Mohammed WASIM
Company Number
10749112 (England and Wales)
Registered Office
OVER 258 HIGH STREET ERDINGTON BIRMINGHAM WEST MIDLANDS B23 6SN ENGLAND
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MIDLANDS MORTGAGE SOLUTIONS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,214 
16,395 
Current assets
Debtors
12,472 
12,472 
Cash at bank and in hand
30,000 
23,890 
42,472 
36,362 
Creditors: amounts falling due within one year
(7,606)
(5,565)
Net current assets
34,866 
30,797 
Total assets less current liabilities
50,080 
47,192 
Creditors: amounts falling due after more than one year
(23,727)
(28,081)
Net assets
26,353 
19,111 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
26,253 
19,011 
Shareholders' funds
26,353 
19,111 
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 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 29 February 2024 and were signed on its behalf by
Mohammed WASIM Director Company Registration No. 10749112
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MIDLANDS MORTGAGE SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MIDLANDS MORTGAGE SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10749112. The registered office is OVER 258 HIGH STREET, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6SN, 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:
Fixtures & fittings
15%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
24,472 
Additions
1,504 
At 31 May 2023
25,976 
Depreciation
At 1 June 2022
8,077 
Charge for the year
2,685 
At 31 May 2023
10,762 
Net book value
At 31 May 2023
15,214 
At 31 May 2022
16,395 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,472 
12,472 
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MIDLANDS MORTGAGE SOLUTIONS LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,616 
4,575 
Accruals
990 
990 
7,606 
5,565 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,193 
15,547 
Loans from directors
12,534 
12,534 
23,727 
28,081 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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