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REGISTERED NUMBER: 02980894 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MID CITY FACADES LIMITED

MID CITY FACADES LIMITED (REGISTERED NUMBER: 02980894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MID CITY FACADES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Woodward
M Woodward





SECRETARY: M Woodward





REGISTERED OFFICE: 4 Heath Close
Wilden Top
Stourport
Worcestershire
DY13 9JF





REGISTERED NUMBER: 02980894 (England and Wales)





ACCOUNTANTS: Homer Knott & Co
12A Buttlegate
Downderry
Cornwall
PL11 3NQ

MID CITY FACADES LIMITED (REGISTERED NUMBER: 02980894)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,200 22,351
Investments 5 525,297 484,262
543,497 506,613

CURRENT ASSETS
Debtors 490,168 366,021
Cash at bank 527,024 600,074
1,017,192 966,095
CREDITORS
Amounts falling due within one year 312,306 233,794
NET CURRENT ASSETS 704,886 732,301
TOTAL ASSETS LESS CURRENT LIABILITIES 1,248,383 1,238,914

PROVISIONS FOR LIABILITIES 570 1,010
NET ASSETS 1,247,813 1,237,904

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,247,810 1,237,901
SHAREHOLDERS' FUNDS 1,247,813 1,237,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

MID CITY FACADES LIMITED (REGISTERED NUMBER: 02980894)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





S Woodward - Director


MID CITY FACADES LIMITED (REGISTERED NUMBER: 02980894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mid City Facades Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

MID CITY FACADES LIMITED (REGISTERED NUMBER: 02980894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 91,508
Additions 1,915
At 31 December 2023 93,423
DEPRECIATION
At 1 January 2023 69,157
Charge for year 6,066
At 31 December 2023 75,223
NET BOOK VALUE
At 31 December 2023 18,200
At 31 December 2022 22,351

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 484,262
Revaluations 33,438
Dividends received 7,597
At 31 December 2023 525,297
NET BOOK VALUE
At 31 December 2023 525,297
At 31 December 2022 484,262

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Valuation in 2018 392,993
Valuation in 2019 58,432
Valuation in 2020 25,229
Valuation in 2021 51,166
Valuation in 2022 (43,558 )
Valuation in 2023 41,035
525,297

MID CITY FACADES LIMITED (REGISTERED NUMBER: 02980894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 425,000 425,000

Fixed asset investments were valued on an open market basis on 31 December 2023 by St. James' Place and Quilter .