Company Registration No. 9853570 (England and Wales)
Midland Oak Furniture Limited
Unaudited accounts
for the year ended 30 November 2023
Midland Oak Furniture Limited
Unaudited accounts
Contents
Midland Oak Furniture Limited
Company Information
for the year ended 30 November 2023
Directors
Zhenyu Zhang
Xiaodi Liang
Company Number
9853570 (England and Wales)
Registered Office
11 EYMORE CLOSE
BIRMINGHAM
WEST MIDLANDS
B29 4LB
Midland Oak Furniture Limited
Statement of financial position
as at 30 November 2023
Inventories
221,368
254,778
Cash at bank and in hand
99,619
114,043
Creditors: amounts falling due within one year
(147,502)
(205,753)
Net current assets
184,335
173,918
Total assets less current liabilities
184,335
173,918
Creditors: amounts falling due after more than one year
(85,608)
(79,996)
Called up share capital
100
100
Profit and loss account
98,627
93,822
Shareholders' funds
98,727
93,922
For the year ending 30 November 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 28 August 2024 and were signed on its behalf by
Xiaodi Liang
Director
Company Registration No. 9853570
Midland Oak Furniture Limited
Notes to the Accounts
for the year ended 30 November 2023
Midland Oak Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 9853570. The registered office is 11 EYMORE CLOSE, BIRMINGHAM, WEST MIDLANDS, B29 4LB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Amounts falling due after more than one year
Other debtors
10,850
10,850
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
95,517
179,650
Taxes and social security
-
114
6
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
2,793
-
Loans from directors
12,291
37,996
Midland Oak Furniture Limited
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).