Midnorth Ecology Ltd 13054460 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Environmental consulting activities Digita Accounts Production Advanced 6.30.9574.0 true 13054460 2023-01-01 2023-12-31 13054460 2023-12-31 13054460 core:CurrentFinancialInstruments 2023-12-31 13054460 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13054460 core:FurnitureFittingsToolsEquipment 2023-12-31 13054460 core:MotorVehicles 2023-12-31 13054460 bus:SmallEntities 2023-01-01 2023-12-31 13054460 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13054460 bus:FullAccounts 2023-01-01 2023-12-31 13054460 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13054460 bus:RegisteredOffice 2023-01-01 2023-12-31 13054460 bus:Director1 2023-01-01 2023-12-31 13054460 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13054460 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13054460 core:MotorVehicles 2023-01-01 2023-12-31 13054460 core:OfficeEquipment 2023-01-01 2023-12-31 13054460 1 2023-01-01 2023-12-31 13054460 countries:England 2023-01-01 2023-12-31 13054460 2022-12-31 13054460 core:FurnitureFittingsToolsEquipment 2022-12-31 13054460 core:MotorVehicles 2022-12-31 13054460 2022-01-01 2022-12-31 13054460 2022-12-31 13054460 core:CurrentFinancialInstruments 2022-12-31 13054460 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13054460 core:FurnitureFittingsToolsEquipment 2022-12-31 13054460 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 13054460

Midnorth Ecology Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Midnorth Ecology Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Midnorth Ecology Ltd

(Registration number: 13054460)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,369

5,986

Current assets

 

Debtors

5

88,707

31,627

Cash at bank and in hand

 

2,603

3,155

 

91,310

34,782

Creditors: Amounts falling due within one year

6

(96,963)

(38,119)

Net current liabilities

 

(5,653)

(3,337)

Net assets

 

716

2,649

Capital and reserves

 

Called up share capital

100

100

Retained earnings

616

2,549

Shareholders' funds

 

716

2,649

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 March 2024 and signed on its behalf by:
 

.........................................
Mr Ashley Martin
Director

 

Midnorth Ecology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
64 Newhouse Road
Bucknall
Stoke-on-Trent
Staffordshire
ST2 8BJ

These financial statements were authorised for issue by the Board on 26 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Midnorth Ecology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

15% Reducing Balance

Motor Vehicles

25% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Midnorth Ecology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 2).

 

Midnorth Ecology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

3,096

5,000

8,096

Additions

1,198

750

1,948

At 31 December 2023

4,294

5,750

10,044

Depreciation

At 1 January 2023

860

1,250

2,110

Charge for the year

515

1,050

1,565

At 31 December 2023

1,375

2,300

3,675

Carrying amount

At 31 December 2023

2,919

3,450

6,369

At 31 December 2022

2,236

3,750

5,986

5

Debtors

Current

2023
£

2022
£

Trade debtors

58,326

12,840

Other debtors

30,381

18,787

 

88,707

31,627

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

95,937

37,279

Accruals and deferred income

1,026

840

96,963

38,119

 

Midnorth Ecology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

 

Midnorth Ecology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Non adjusting events after the financial period

There were no material events up to the date of apporval of the financial statements by the board.