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REGISTERED NUMBER: 08405312 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Midas (Farnborough) Limited

Midas (Farnborough) Limited (Registered number: 08405312)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Midas (Farnborough) Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs Shipra Ganatra
Mr Eshaan Ganatra





REGISTERED OFFICE: 195 White Horse Hill
Chislehurst
Kent
BR7 6DH





REGISTERED NUMBER: 08405312 (England and Wales)





ACCOUNTANTS: Ami & Co
195 White Horse Hill
Chislehurst
Kent
BR7 6DH

Midas (Farnborough) Limited (Registered number: 08405312)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 241,133 245,836
Cash at bank 376,849 346,031
617,982 591,867
CREDITORS
Amounts falling due within one year 6 46,138 39,226
NET CURRENT ASSETS 571,844 552,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,845

552,642

CREDITORS
Amounts falling due after more than one
year

7

1,626

1,626
NET ASSETS 570,219 551,016

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 570,119 550,916
SHAREHOLDERS' FUNDS 570,219 551,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Midas (Farnborough) Limited (Registered number: 08405312)

Balance Sheet - continued
31 March 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 2 December 2024 and were signed on its behalf by:





Mrs Shipra Ganatra - Director


Midas (Farnborough) Limited (Registered number: 08405312)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Midas (Farnborough) 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.

The director have confirmed that the company is a going concern and that the Financial Statements have been prepared on a going concern basis.

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.
Fixtures and fittings - 15% on cost

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 23 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 20,000
DEPRECIATION
At 1 April 2023
and 31 March 2024 19,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   

Midas (Farnborough) Limited (Registered number: 08405312)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
Other debtors 241,133 245,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 43,177 38,126
Other creditors 2,961 1,100
46,138 39,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,626 1,626

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 550,916
Profit for the year 114,203
Dividends (95,000 )
At 31 March 2024 570,119

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Shipra Ganatra.