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Registered number: 07594190

Midland Painting Contracts Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Midland Painting Contracts Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
David Bott
Helen Bott
REGISTERED OFFICE
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffordshire
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07594190
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Midland Painting Contracts Ltd

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts5

Midland Painting Contracts Ltd

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets4190,377196,356
CURRENT ASSETS
Debtors533,35630,025
Current Asset Investments69,1309,130
Cash at bank and in hand13,3443,100
55,83042,255
CREDITORS: Amounts falling due within one year735,90916,263
NET CURRENT ASSETS19,92125,992
TOTAL ASSETS LESS CURRENT LIABILITIES210,298222,348
CREDITORS: Amounts falling due after more than one year87,02511,972
PROVISIONS FOR LIABILITIES AND CHARGES93,9994,534
NET ASSETS199,274205,842
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account199,174205,742
SHAREHOLDERS' FUNDS199,274205,842

Midland Painting Contracts Ltd

BALANCE SHEET AT 30/04/2024
For the year ending 30/04/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/10/2024 and signed on their behalf by
David Bott
Director
Helen Bott
Director

Midland Painting Contracts Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentstraight line 33.33%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20242023
No.No.
Average number of employees33

Midland Painting Contracts Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/05/202325,00025,000
At 30/04/202425,00025,000
Depreciation
At 01/05/202325,00025,000
At 30/04/202425,00025,000
Net Book Amounts
At 30/04/2024--
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/05/2023169,33288,579257,911
Additions-1,0401,040
Disposals-(11,775)(11,775)
At 30/04/2024169,33277,844247,176
Depreciation
At 01/05/2023-61,55561,555
Disposals-(9,553)(9,553)
For the year-4,7974,797
At 30/04/2024-56,79956,799
Net Book Amounts
At 30/04/2024169,33221,045190,377
At 30/04/2023169,33227,024196,356

Midland Painting Contracts Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors31,9804,344
Other Tax-4,083
Other debtors1,37621,598
33,35630,025
6. CURRENT ASSET INVESTMENTS
20242023
££
Other investments9,1309,130
9,1309,130
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax10,023-
VAT16,0566,780
PAYE control296242
Directors current account883-
Bank Loan5,0005,000
Trade creditors7291,297
Pension schemes2244
Accruals2,9002,900
35,90916,263

Midland Painting Contracts Ltd

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans and overdrafts7,02511,972
7,02511,972
Included in other creditors are:
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,9994,534
3,9994,534
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. RELATED PARTY TRANSACTIONS
During the year dividends were paid to Midland Holdings (Stoke) Limited in its capacity of the holding company amounting to £45,876.