Company Registration No. 12408130 (England and Wales)
Midas Holdings Ltd
Unaudited accounts
for the year ended 31 January 2024
Midas Holdings Ltd
Unaudited accounts
Contents
Midas Holdings Ltd
Company Information
for the year ended 31 January 2024
Directors
Vanda Peintler
Leon Pk TEMING-AMOAKO
Company Number
12408130 (England and Wales)
Registered Office
Capital Office
124-128 City Road
London
London
EC1V 2NX
England
Accountants
Certax Accounting (Fitzrovia) Limited
85
Tottenham Court Road
London
W1T 4TQ
Midas Holdings Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
5,155
9,518
Cash at bank and in hand
11,410
5,278
Creditors: amounts falling due within one year
(189,018)
(38,694)
Net current assets/(liabilities)
3,516
(1,063)
Total assets less current liabilities
8,671
8,455
Creditors: amounts falling due after more than one year
(6,333)
(8,333)
Called up share capital
100
100
Profit and loss account
2,238
22
Shareholders' funds
2,338
122
For the year ending 31 January 2024 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 18 April 2024 and were signed on its behalf by
Vanda Peintler
Director
Company Registration No. 12408130
Midas Holdings Ltd
Notes to the Accounts
for the year ended 31 January 2024
Midas Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12408130. The registered office is Capital Office, 124-128 City Road, London, London, EC1V 2NX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Straight Line
Fixtures & fittings
15% on Straight Line
Computer equipment
25% on Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
1,099
6,481
4,472
12,052
Disposals
-
(3,528)
-
(3,528)
At 31 January 2024
1,099
2,953
4,472
8,524
At 1 February 2023
275
972
1,287
2,534
Charge for the year
165
-
670
835
At 31 January 2024
440
972
1,957
3,369
At 31 January 2024
659
1,981
2,515
5,155
At 31 January 2023
824
5,509
3,185
9,518
Midas Holdings Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
72,713
7,353
Other debtors
108,411
25,000
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,263
8,364
Taxes and social security
25,620
11,906
7
Creditors: amounts falling due after more than one year
2024
2023
The Company operates a workplace pension for which it commits the minimum defined contributions to be paid into Employee's Pot.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).