MIDCORE GROUP LTD

Company Registration Number:
10199100 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

MIDCORE GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MIDCORE GROUP LTD

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principal activity of the company in the year was Other activities of employment placement agencies, Private security activities, Other cleaning services and Other education not elsewhere classified.



Directors

The director shown below has held office during the whole of the period from
1 July 2023 to 30 June 2024

Muhammad Imran


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 September 2024

And signed on behalf of the board by:
Name: Muhammad Imran
Status: Director

MIDCORE GROUP LTD

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 3,066,852 91,958
Cost of sales: ( 2,576,704 ) ( 32,490 )
Gross profit(or loss): 490,148 59,468
Administrative expenses: ( 454,040 ) ( 49,144 )
Operating profit(or loss): 36,108 10,324
Profit(or loss) before tax: 36,108 10,324
Tax: ( 6,861 ) ( 1,962 )
Profit(or loss) for the financial year: 29,247 8,362

MIDCORE GROUP LTD

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,700 2,000
Total fixed assets: 1,700 2,000
Current assets
Debtors: 4 48,614
Cash at bank and in hand: 23,334 65,364
Total current assets: 71,948 65,364
Creditors: amounts falling due within one year: 5 ( 44,604 ) ( 40,567 )
Net current assets (liabilities): 27,344 24,797
Total assets less current liabilities: 29,044 26,797
Creditors: amounts falling due after more than one year: 6 ( 2,000 )
Total net assets (liabilities): 29,044 24,797
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 28,944 24,697
Total Shareholders' funds: 29,044 24,797

The notes form part of these financial statements

MIDCORE GROUP LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 11 September 2024
and signed on behalf of the board by:

Name: Muhammad Imran
Status: Director

The notes form part of these financial statements

MIDCORE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Property & Buildings no charge, Office Equipment straight line at 15%

    Other accounting policies

    Basis of Accounting The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008. Taxation Corporation tax payable is provided on taxable profits at the current rates.Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

MIDCORE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 103 2

MIDCORE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 2,000 2,000
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 2,000 2,000
Depreciation
At 1 July 2023 0 0
Charge for year 300 300
On disposals
Other adjustments
At 30 June 2024 300 300
Net book value
At 30 June 2024 1,700 1,700
At 30 June 2023 2,000 2,000

MIDCORE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 48,614
Total 48,614

MIDCORE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 37,743 30,040
Taxation and social security 6,861 10,527
Total 44,604 40,567

MIDCORE GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

  2023
  £
Other creditors 2,000
Total   2,000