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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
Page
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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
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Midas Holdings Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,155 
9,518 
Current assets
Debtors
181,124 
32,353 
Cash at bank and in hand
11,410 
5,278 
192,534 
37,631 
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)
Net assets
2,338 
122 
Capital and reserves
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
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Midas Holdings Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Pension costs
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 
Depreciation
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 
Net book value
At 31 January 2024
659 
1,981 
2,515 
5,155 
At 31 January 2023
824 
5,509 
3,185 
9,518 
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Midas Holdings Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,713 
7,353 
Other debtors
108,411 
25,000 
181,124 
32,353 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
37,458 
18,424 
Trade creditors
1,263 
8,364 
Taxes and social security
25,620 
11,906 
Other creditors
124,417 
- 
Accruals
260 
- 
189,018 
38,694 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,333 
8,333 
Bounce Back Loan
8
Pension commitments
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).
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