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REGISTERED NUMBER: 10921526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MIDWEST SOLUTIONS LIMITED

MIDWEST SOLUTIONS LIMITED (REGISTERED NUMBER: 10921526)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDWEST SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: J Ronan





REGISTERED OFFICE: Unit 11a
Orchard Street Industrial Estate
Orchard Street
Salford
M6 6FL





REGISTERED NUMBER: 10921526 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

MIDWEST SOLUTIONS LIMITED (REGISTERED NUMBER: 10921526)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,619 -

CURRENT ASSETS
Stocks 101,725 -
Debtors 5 93,077 47,359
Cash at bank 8,921 88,138
203,723 135,497
CREDITORS
Amounts falling due within one year 6 234,494 114,527
NET CURRENT (LIABILITIES)/ASSETS (30,771 ) 20,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,848

20,970

CREDITORS
Amounts falling due after more than one
year

7

8,650

17,926
NET ASSETS 198 3,044

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 197 3,043
SHAREHOLDERS' FUNDS 198 3,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIDWEST SOLUTIONS LIMITED (REGISTERED NUMBER: 10921526)

BALANCE SHEET - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





J Ronan - Director


MIDWEST SOLUTIONS LIMITED (REGISTERED NUMBER: 10921526)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Midwest Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MIDWEST SOLUTIONS LIMITED (REGISTERED NUMBER: 10921526)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 48,000 4,825 52,825
At 31 August 2024 48,000 4,825 52,825
DEPRECIATION
Charge for year 12,000 1,206 13,206
At 31 August 2024 12,000 1,206 13,206
NET BOOK VALUE
At 31 August 2024 36,000 3,619 39,619

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 25,000
At 31 August 2024 25,000
DEPRECIATION
Charge for year 6,250
At 31 August 2024 6,250
NET BOOK VALUE
At 31 August 2024 18,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 59,718 27,100
Amounts owed by group undertakings 18,819 5,325
Other debtors 13,500 13,500
Tax - 394
Prepayments 1,040 1,040
93,077 47,359

MIDWEST SOLUTIONS LIMITED (REGISTERED NUMBER: 10921526)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,318 10,064
Hire purchase contracts 12,500 -
Trade creditors 68,303 9,681
VAT 13,363 3,371
Other creditors 128,485 90,508
Accrued expenses 1,525 903
234,494 114,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 7,608 10,318
Bank loans - 2-5 years - 7,608
Hire purchase contracts 1,042 -
8,650 17,926

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 September 2023 3,043
Profit for the year 28,604
Dividends (31,450 )
At 31 August 2024 197