Registered number: 07594190 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Staffordshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 5 |
Midland Painting Contracts Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Current Asset Investments | 6 | |||||||||
Cash at bank and in hand | ||||||||||
55,830 | 42,255 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 25,992 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 7,025 | 11,972 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 199,174 | 205,742 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Midland Painting Contracts Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | straight line 33.33% | |||||||
Motor Cars | reducing 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 | ||||||||
1e. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
Midland Painting Contracts Ltd | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/05/2023 | 25,000 | 25,000 | ||
At 30/04/2024 | 25,000 | 25,000 | ||
Depreciation | ||||
At 01/05/2023 | 25,000 | 25,000 | ||
At 30/04/2024 | 25,000 | 25,000 | ||
Net Book Amounts | ||||
At 30/04/2024 | ||||
4. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/05/2023 | 169,332 | 88,579 | 257,911 | |||
Additions | - | 1,040 | 1,040 | |||
Disposals | - | (11,775) | (11,775) | |||
At 30/04/2024 | 169,332 | 77,844 | 247,176 | |||
Depreciation | ||||||
At 01/05/2023 | - | 61,555 | 61,555 | |||
Disposals | - | (9,553) | (9,553) | |||
For the year | - | 4,797 | 4,797 | |||
At 30/04/2024 | - | 56,799 | 56,799 | |||
Net Book Amounts | ||||||
At 30/04/2024 | 169,332 | 21,045 | 190,377 | |||
At 30/04/2023 | 169,332 | 27,024 | 196,356 | |||
Midland Painting Contracts Ltd | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 31,980 | 4,344 | ||||||
Other Tax | - | 4,083 | ||||||
Other debtors | 1,376 | 21,598 | ||||||
33,356 | 30,025 | |||||||
6. CURRENT ASSET INVESTMENTS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other investments | 9,130 | 9,130 | ||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 10,023 | - | ||||||
VAT | 16,056 | 6,780 | ||||||
PAYE control | 296 | 242 | ||||||
Directors current account | 883 | - | ||||||
Bank Loan | 5,000 | 5,000 | ||||||
Trade creditors | 729 | 1,297 | ||||||
Pension schemes | 22 | 44 | ||||||
Accruals | 2,900 | 2,900 | ||||||
35,909 | 16,263 | |||||||
Midland Painting Contracts Ltd | ||||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 7,025 | 11,972 | ||||||
7,025 | 11,972 | |||||||
Included in other creditors are: | ||||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 3,999 | 4,534 | ||||||
3,999 | 4,534 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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