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
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
MIDLIFE CREATIONS LIMITED
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
12,971
14,658
Creditors: amounts falling due within one year
(229,863)
(193,975)
Net current liabilities
(192,377)
(167,435)
Net liabilities
(191,675)
(166,116)
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
MIDLIFE CREATIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
MIDLIFE CREATIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
11,882
11,882
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
3,061
Loans from directors
229,863
185,051
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 3 (2023: 3).