Company Registration No. 14667250 (England and Wales)
MIDLAND FOOD AND DRINK LIMITED
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
MIDLAND FOOD AND DRINK LIMITED
Unaudited accounts
Contents
MIDLAND FOOD AND DRINK LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024
Director
SYED MORTUJA AHMED
Company Number
14667250 (England and Wales)
Registered Office
117 BLAKESLEY ROAD
BIRMINGHAM
B25 8RS
ENGLAND
MIDLAND FOOD AND DRINK LIMITED
Statement of financial position
as at 28 February 2024
Cash at bank and in hand
(633)
Creditors: amounts falling due within one year
(23,226)
Net current liabilities
(19,631)
Profit and loss account
(8,432)
Shareholders' funds
(8,431)
For the period ending 28 February 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 director acknowledges his 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 and authorised for issue on 16 November 2024 and were signed on its behalf by
SYED MORTUJA AHMED
Director
Company Registration No. 14667250
MIDLAND FOOD AND DRINK LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
MIDLAND FOOD AND DRINK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14667250. The registered office is 117 BLAKESLEY ROAD, BIRMINGHAM, B25 8RS, 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 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
MIDLAND FOOD AND DRINK LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Motor vehicles
At 28 February 2024
14,000
Charge for the period
2,800
At 28 February 2024
11,200
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Loans from directors
23,226
7
Average number of employees
During the period the average number of employees was 1.