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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
Page
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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
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Midland Oak Furniture Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
221,368 
254,778 
Debtors
10,850 
10,850 
Cash at bank and in hand
99,619 
114,043 
331,837 
379,671 
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)
Net assets
98,727 
93,922 
Capital and reserves
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
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Midland Oak Furniture Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
Turnover
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
10,850 
10,850 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
51,985 
25,989 
Trade creditors
95,517 
179,650 
Taxes and social security
- 
114 
147,502 
205,753 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,302 
42,000 
Amounts owed to group undertakings and other participating interests
2,793 
- 
Other creditors
35,222 
- 
Loans from directors
12,291 
37,996 
85,608 
79,996 
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Midland Oak Furniture Limited Notes to the Accounts for the year ended 30 November 2023
7
Share capital
2023 
2022 
£ 
£ 
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).
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