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REGISTERED NUMBER: 08183964 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

MIDLAND METAL WINDOWS LIMITED

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDLAND METAL WINDOWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mr M Spencer
Mr P Saunders





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 08183964 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,107 102,630

CURRENT ASSETS
Stocks 189,123 78,210
Debtors 5 45,107 82,816
Cash at bank and in hand 44,683 132,309
278,913 293,335
CREDITORS
Amounts falling due within one year 6 189,003 225,814
NET CURRENT ASSETS 89,910 67,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,017

170,151

CREDITORS
Amounts falling due after more than one
year

7

(58,893

)

(46,310

)

PROVISIONS FOR LIABILITIES (29,110 ) (19,500 )
NET ASSETS 124,014 104,341

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,914 104,241
SHAREHOLDERS' FUNDS 124,014 104,341

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

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

The directors acknowledge their 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.

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 20th November 2024 and were signed on its behalf by:




Mr M Spencer - Director



Mr P Saunders - Director


MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Midland Metal Windows 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 & amounts recoverable on contracts
Turnover represents net invoiced sales of goods, excluding value added tax. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

2. ACCOUNTING POLICIES - continued

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st September 2023 22,455 64,248 26,808
Additions - 1,580 -
Disposals - - -
At 31st August 2024 22,455 65,828 26,808
DEPRECIATION
At 1st September 2023 14,430 36,014 14,257
Charge for year 1,204 4,270 2,813
Eliminated on disposal - - -
At 31st August 2024 15,634 40,284 17,070
NET BOOK VALUE
At 31st August 2024 6,821 25,544 9,738
At 31st August 2023 8,025 28,234 12,551

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st September 2023 108,925 13,816 236,252
Additions 63,472 - 65,052
Disposals (57,080 ) - (57,080 )
At 31st August 2024 115,317 13,816 244,224
DEPRECIATION
At 1st September 2023 56,528 12,393 133,622
Charge for year 7,165 663 16,115
Eliminated on disposal (27,620 ) - (27,620 )
At 31st August 2024 36,073 13,056 122,117
NET BOOK VALUE
At 31st August 2024 79,244 760 122,107
At 31st August 2023 52,397 1,423 102,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,504 65,740
Other debtors 14,603 17,076
45,107 82,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,500
Hire purchase contracts 9,803 11,606
Trade creditors 87,930 42,416
Taxation and social security 43,722 105,157
Other creditors 37,548 56,135
189,003 225,814

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 48,962 26,884
Other creditors 9,931 19,426
58,893 46,310

MIDLAND METAL WINDOWS LIMITED (REGISTERED NUMBER: 08183964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 58,765 38,490