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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
Page
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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
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MIDLAND FOOD AND DRINK LIMITED Statement of financial position as at 28 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
11,200 
Current assets
Debtors
4,228 
Cash at bank and in hand
(633)
3,595 
Creditors: amounts falling due within one year
(23,226)
Net current liabilities
(19,631)
Net liabilities
(8,431)
Capital and reserves
Called up share capital
1 
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
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MIDLAND FOOD AND DRINK LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Turnover
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
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:
Motor vehicles
20%
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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 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
14,000 
At 28 February 2024
14,000 
Depreciation
Charge for the period
2,800 
At 28 February 2024
2,800 
Net book value
At 28 February 2024
11,200 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
4,228 
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.
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