IRIS Accounts Production v24.1.9.2 06985782 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary share (A) 1.00000 Ordinary share (B) 1.00000 Ordinary share (C) 1.00000 Ordinary share (A) 1.00000 Ordinary share (B) 1.00000 Ordinary share (C) 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069857822023-03-31069857822024-03-31069857822023-04-012024-03-31069857822022-03-31069857822022-04-012023-03-31069857822023-03-3106985782ns15:EnglandWales2023-04-012024-03-3106985782ns14:PoundSterling2023-04-012024-03-3106985782ns10:Director12023-04-012024-03-3106985782ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106985782ns10:SmallEntities2023-04-012024-03-3106985782ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106985782ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106985782ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106985782ns10:FullAccounts2023-04-012024-03-3106985782ns10:OrdinaryShareClass12023-04-012024-03-3106985782ns10:OrdinaryShareClass22023-04-012024-03-3106985782ns10:OrdinaryShareClass32023-04-012024-03-3106985782ns10:Director22023-04-012024-03-3106985782ns10:RegisteredOffice2023-04-012024-03-3106985782ns5:CurrentFinancialInstruments2024-03-3106985782ns5:CurrentFinancialInstruments2023-03-3106985782ns5:Non-currentFinancialInstruments2024-03-3106985782ns5:Non-currentFinancialInstruments2023-03-3106985782ns5:ShareCapital2024-03-3106985782ns5:ShareCapital2023-03-3106985782ns5:RetainedEarningsAccumulatedLosses2024-03-3106985782ns5:RetainedEarningsAccumulatedLosses2023-03-3106985782ns5:MotorVehicles2023-03-3106985782ns5:MotorVehicles2023-04-012024-03-3106985782ns5:MotorVehicles2024-03-3106985782ns5:MotorVehicles2023-03-3106985782ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106985782ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106985782ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3106985782ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3106985782ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3106985782ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3106985782ns10:OrdinaryShareClass12024-03-3106985782ns10:OrdinaryShareClass22024-03-3106985782ns10:OrdinaryShareClass32024-03-31069857821ns10:Director12023-03-31069857821ns10:Director12022-03-31069857821ns10:Director12023-04-012024-03-31069857821ns10:Director12022-04-012023-03-31069857821ns10:Director12024-03-31069857821ns10:Director12023-03-31
REGISTERED NUMBER: 06985782 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Middlebere Limited

Middlebere Limited (Registered number: 06985782)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middlebere Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K N Roberts
M S Roberts





REGISTERED OFFICE: 52 Cedar Avenue
Christchurch
Dorset
BH23 2PR





REGISTERED NUMBER: 06985782 (England and Wales)

Middlebere Limited (Registered number: 06985782)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,006 40,009

CURRENT ASSETS
Stocks 5 87,557 53,708
Debtors 6 64,357 61,857
Cash at bank and in hand 239,429 216,998
391,343 332,563
CREDITORS
Amounts falling due within one year 7 (159,738 ) (143,669 )
NET CURRENT ASSETS 231,605 188,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,611

228,903

CREDITORS
Amounts falling due after more than one year 8 (34,201 ) (52,439 )
NET ASSETS 227,410 176,464

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 217,410 166,464
SHAREHOLDERS' FUNDS 227,410 176,464

Middlebere Limited (Registered number: 06985782)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





K N Roberts - Director


Middlebere Limited (Registered number: 06985782)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.

The company's functional and presentational currency is pound sterling.

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.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

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 ASSETS
Tangible assets are stated in the statement of financial position 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
Motor vehicles25% reducing balance basis


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 Profit and Loss Account, 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.

Middlebere Limited (Registered number: 06985782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of tradedebtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised costusing the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Middlebere Limited (Registered number: 06985782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 50,537
DEPRECIATION
At 1 April 2023 10,528
Charge for year 10,003
At 31 March 2024 20,531
NET BOOK VALUE
At 31 March 2024 30,006
At 31 March 2023 40,009

5. STOCKS
2024 2023
£    £   
Work-in-progress 87,557 53,708

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 2,500 -
Other debtors 15,172 15,172
Directors' current accounts 46,685 46,685
64,357 61,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,114 9,861
Hire purchase contracts 7,982 6,782
Corporation tax liability 80,045 53,468
Social security and other tax 54,282 69,016
Other creditors 1,743 2,889
Wages control account 3,850 -
Accruals and deferred income 1,722 1,653
159,738 143,669

Middlebere Limited (Registered number: 06985782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 1-2 years 10,370 11,695
Bank loans 2-5 years 1,180 10,111
Hire purchase contracts 22,651 30,633
34,201 52,439

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,000 Ordinary share (A) 1 6,000 6,000
3,000 Ordinary share (B) 1 3,000 3,000
1,000 Ordinary share (C) 1 1,000 1,000
10,000 10,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K N Roberts
Balance outstanding at start of year 46,685 46,685
Amounts advanced 81,273 139,597
Amounts repaid (81,273 ) (139,597 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,685 46,685