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REGISTERED NUMBER: 10941120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MIDLANDS BUILDING & MAINTENANCE LIMITED

MIDLANDS BUILDING & MAINTENANCE LIMITED (REGISTERED NUMBER: 10941120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


MIDLANDS BUILDING & MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: I S Smith
Mrs J M Smith
M A Clemmens





SECRETARY: Mrs J M Smith





REGISTERED OFFICE: 88 Ashchurch Road
Tewkesbury
Gloucestershire
GL20 8BX





REGISTERED NUMBER: 10941120 (England and Wales)





ACCOUNTANT: Sarah Garside FCA
6 Longway Avenue
Charlton Kings
Cheltenham
Gloucestershire
GL53 9JL

MIDLANDS BUILDING & MAINTENANCE LIMITED (REGISTERED NUMBER: 10941120)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,790 137,266

CURRENT ASSETS
Stocks - 15,000
Debtors 5 1,310,557 889,378
Cash at bank and in hand 335,769 15,191
1,646,326 919,569
CREDITORS
Amounts falling due within one year 6 957,083 541,544
NET CURRENT ASSETS 689,243 378,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,033

515,291

CREDITORS
Amounts falling due after more than one
year

7

115,761

119,860
NET ASSETS 719,272 395,431

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 719,172 395,331
719,272 395,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





I S Smith - Director


MIDLANDS BUILDING & MAINTENANCE LIMITED (REGISTERED NUMBER: 10941120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Midlands Building & Maintenance 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.

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 etc - 20% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MIDLANDS BUILDING & MAINTENANCE LIMITED (REGISTERED NUMBER: 10941120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 219,372
Additions 46,091
Disposals (1,750 )
At 31 August 2023 263,713
DEPRECIATION
At 1 September 2022 82,106
Charge for year 36,447
Eliminated on disposal (630 )
At 31 August 2023 117,923
NET BOOK VALUE
At 31 August 2023 145,790
At 31 August 2022 137,266

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

Plant and
machinery
etc
£   
COST
At 1 September 2022 113,752
Additions 36,341
At 31 August 2023 150,093
DEPRECIATION
At 1 September 2022 25,832
Charge for year 24,852
At 31 August 2023 50,684
NET BOOK VALUE
At 31 August 2023 99,409
At 31 August 2022 87,920

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,300,801 884,108
Other debtors 9,756 5,270
1,310,557 889,378

MIDLANDS BUILDING & MAINTENANCE LIMITED (REGISTERED NUMBER: 10941120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 28,246 27,509
Trade creditors 403,390 230,233
Taxation and social security 384,062 193,817
Other creditors 141,385 89,985
957,083 541,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 31,666 41,749
Hire purchase contracts 84,095 78,111
115,761 119,860

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I S and Mrs J M Smith by virtue of their shareholdings and directorships