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Company Registration No. 08933535 (England and Wales)
MIDLIFE CREATIONS LIMITED Unaudited accounts for the year ended 31 March 2024
MIDLIFE CREATIONS LIMITED Unaudited accounts Contents
Page
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MIDLIFE CREATIONS LIMITED Company Information for the year ended 31 March 2024
Directors
Dheeraj Mukherjee Rachel Mukherjee
Company Number
08933535 (England and Wales)
Registered Office
24 ALFRISTON ROAD LONDON SW11 6NN United Kingdom
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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MIDLIFE CREATIONS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
702 
1,319 
Current assets
Debtors
24,515 
11,882 
Cash at bank and in hand
12,971 
14,658 
37,486 
26,540 
Creditors: amounts falling due within one year
(229,863)
(193,975)
Net current liabilities
(192,377)
(167,435)
Net liabilities
(191,675)
(166,116)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(191,775)
(166,216)
Shareholders' funds
(191,675)
(166,116)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Dheeraj Mukherjee Director Company Registration No. 08933535
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MIDLIFE CREATIONS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MIDLIFE CREATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08933535. The registered office is 24 ALFRISTON ROAD, LONDON, SW11 6NN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
At the balance sheet date the company had net liabilities of £152,816 (2022: £175,055). The directors have confirmed that they will provide ongoing financial support to the company. In the opinion of the directors the company will remain a going concern for the foreseeable future.
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MIDLIFE CREATIONS LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,775 
Disposals
(201)
At 31 March 2024
2,574 
Depreciation
At 1 April 2023
1,456 
Charge for the year
416 
At 31 March 2024
1,872 
Net book value
At 31 March 2024
702 
At 31 March 2023
1,319 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
803 
- 
Trade debtors
11,882 
11,882 
Other debtors
11,830 
- 
24,515 
11,882 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
5,863 
Taxes and social security
- 
3,061 
Loans from directors
229,863 
185,051 
229,863 
193,975 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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