IRIS Accounts Production v24.1.0.578 05990590 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059905902023-03-31059905902024-03-31059905902023-04-012024-03-31059905902022-03-31059905902022-04-012023-03-31059905902023-03-3105990590ns15:EnglandWales2023-04-012024-03-3105990590ns14:PoundSterling2023-04-012024-03-3105990590ns10:Director12023-04-012024-03-3105990590ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105990590ns10:SmallEntities2023-04-012024-03-3105990590ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105990590ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105990590ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105990590ns10:AbridgedAccounts2023-04-012024-03-310599059012023-04-012024-03-3105990590ns10:OrdinaryShareClass12023-04-012024-03-3105990590ns10:RegisteredOffice2023-04-012024-03-3105990590ns5:CurrentFinancialInstruments2024-03-3105990590ns5:CurrentFinancialInstruments2023-03-3105990590ns5:ShareCapital2024-03-3105990590ns5:ShareCapital2023-03-3105990590ns5:RetainedEarningsAccumulatedLosses2024-03-3105990590ns5:RetainedEarningsAccumulatedLosses2023-03-3105990590ns5:NetGoodwill2023-04-012024-03-3105990590ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105990590ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3105990590ns5:FurnitureFittings2023-04-012024-03-3105990590ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 05990590 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Midas (South Woodford) Limited

Midas (South Woodford) Limited (Registered number: 05990590)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Midas (South Woodford) Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mrs Shipra Ganatra





REGISTERED OFFICE: 1A Bushey Way
Beckenham
Kent
BR3 6TA





REGISTERED NUMBER: 05990590 (England and Wales)





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

Midas (South Woodford) Limited (Registered number: 05990590)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 1,361 -
Cash at bank 51,053 55,024
52,414 55,024
CREDITORS
Amounts falling due within one year 28,885 3,495
NET CURRENT ASSETS 23,529 51,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,529

51,529

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 23,429 51,429
SHAREHOLDERS' FUNDS 23,529 51,529

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2024 and were signed by:





Mrs Shipra Ganatra - Director


Midas (South Woodford) Limited (Registered number: 05990590)

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


1. STATUTORY INFORMATION

Midas (South Woodford) 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 directors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 25% on reducing balance

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 2 (2023 - 16 ) .

Midas (South Woodford) Limited (Registered number: 05990590)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 37,000
Disposals (37,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 37,000
Eliminated on disposal (37,000 )
At 31 March 2024 -
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 35,052
Disposals (35,052 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 35,052
Eliminated on disposal (35,052 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. CALLED UP SHARE CAPITAL

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

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Shipra Ganatra.