IRIS Accounts Production v24.2.0.383 13932805 director 1.3.23 28.2.24 28.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139328052023-02-28139328052024-02-28139328052023-03-012024-02-28139328052022-02-21139328052022-02-222023-02-28139328052023-02-2813932805ns15:EnglandWales2023-03-012024-02-2813932805ns14:PoundSterling2023-03-012024-02-2813932805ns10:Director12023-03-012024-02-2813932805ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2813932805ns10:SmallEntities2023-03-012024-02-2813932805ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2813932805ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2813932805ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2813932805ns10:FullAccounts2023-03-012024-02-2813932805ns10:RegisteredOffice2023-03-012024-02-2813932805ns5:CurrentFinancialInstruments2024-02-2813932805ns5:CurrentFinancialInstruments2023-02-2813932805ns5:ShareCapital2024-02-2813932805ns5:ShareCapital2023-02-2813932805ns5:RetainedEarningsAccumulatedLosses2024-02-2813932805ns5:RetainedEarningsAccumulatedLosses2023-02-2813932805ns5:ComputerEquipment2023-03-012024-02-2813932805ns5:ComputerEquipment2023-02-2813932805ns5:ComputerEquipment2024-02-2813932805ns5:ComputerEquipment2023-02-2813932805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2813932805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28139328051ns10:Director12023-02-28139328051ns10:Director12022-02-21139328051ns10:Director12023-03-012024-02-28139328051ns10:Director12022-02-222023-02-28139328051ns10:Director12024-02-28139328051ns10:Director12023-02-28
REGISTERED NUMBER: 13932805 (England and Wales)
















Midas Transformation Consulting Limited

Unaudited Financial Statements

for the Year Ended 28th February 2024






Midas Transformation Consulting Limited (Registered number: 13932805)






Contents of the Financial Statements
for the Year Ended 28th February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Midas Transformation Consulting Limited

Company Information
for the Year Ended 28th February 2024







Director: Mrs A J Sen Gupta





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 13932805 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Midas Transformation Consulting Limited (Registered number: 13932805)

Statement of Financial Position
28th February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 675 1,012

Current assets
Debtors 5 5,493 22,328
Cash at bank 4,366 5,835
9,859 28,163
Creditors
Amounts falling due within one year 6 2,281 15,334
Net current assets 7,578 12,829
Total assets less current liabilities 8,253 13,841

Capital and reserves
Called up share capital 100 100
Retained earnings 8,153 13,741
8,253 13,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th November 2024 and were signed by:





Mrs A J Sen Gupta - Director


Midas Transformation Consulting Limited (Registered number: 13932805)

Notes to the Financial Statements
for the Year Ended 28th February 2024

1. Statutory information

Midas Transformation Consulting 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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

Midas Transformation Consulting Limited (Registered number: 13932805)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2024

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st March 2023
and 28th February 2024 1,349
Depreciation
At 1st March 2023 337
Charge for year 337
At 28th February 2024 674
Net book value
At 28th February 2024 675
At 28th February 2023 1,012

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 5,493 22,328

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 447 12,621
Other creditors 1,834 2,713
2,281 15,334

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 28th February 2024 and the period ended 28th February 2023:

2024 2023
£    £   
Mrs A J Sen Gupta
Balance outstanding at start of year 19,903 -
Amounts advanced 5,493 19,903
Amounts repaid (19,903 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,493 19,903