1 December 2022 false No description of principal activity Taxfiler 2024.5 12311952business:PrivateLimitedCompanyLtd2022-12-012023-11-30 123119522022-11-30 123119522022-12-012023-11-30 12311952business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 12311952business:FilletedAccounts2022-12-012023-11-30 123119522023-11-30 12311952business:Director12022-12-012023-11-30 12311952business:Director22022-12-012023-11-30 12311952business:RegisteredOffice2022-12-012023-11-30 123119522022-11-30 12311952core:WithinOneYear2023-11-30 12311952core:WithinOneYear2022-11-30 12311952core:AfterOneYear2023-11-30 12311952core:AfterOneYear2022-11-30 12311952core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12311952core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 12311952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12311952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12311952core:PreviouslyStatedAmount2023-11-30 12311952core:PreviouslyStatedAmount2022-11-30 12311952business:SmallEntities2022-12-012023-11-30 12311952countries:EnglandWales2022-12-012023-11-30 123119522021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12311952 (England and Wales)
Midlands Investment Specialists Limited Unaudited accounts for the year ended 30 November 2023
Midlands Investment Specialists Limited Unaudited accounts Contents
Page
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Midlands Investment Specialists Limited Company Information for the year ended 30 November 2023
Directors
Mr P S Bindra Mrs S K Bindra
Company Number
12311952 (England and Wales)
Registered Office
1 JUNO CLOSE GLENFIELD LEICESTER LE3 8SX ENGLAND
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Midlands Investment Specialists Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
36,340 
16,340 
Cash at bank and in hand
31,773 
1,393 
68,113 
17,733 
Creditors: amounts falling due within one year
(79,725)
(78,813)
Net current liabilities
(11,612)
(61,080)
Total assets less current liabilities
(11,612)
(61,080)
Creditors: amounts falling due after more than one year
(79,505)
(25,154)
Net liabilities
(91,117)
(86,234)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(91,217)
(86,334)
Shareholders' funds
(91,117)
(86,234)
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
Mr P S Bindra Director Company Registration No. 12311952
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Midlands Investment Specialists Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Midlands Investment Specialists Limited is a private company, limited by shares, registered in England and Wales, registration number 12311952. The registered office is 1 JUNO CLOSE, GLENFIELD, LEICESTER, LE3 8SX, ENGLAND.
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
36,340 
16,340 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Loans from directors
68,477 
67,665 
Accruals
600 
500 
79,725 
78,813 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
79,505 
25,154 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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