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Registered number: 07221199
Midlands Training Solutions Ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07221199
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146 194
146 194
CURRENT ASSETS
Cash at bank and in hand 6 6
6 6
Creditors: Amounts Falling Due Within One Year 5 (19,515 ) (19,515 )
NET CURRENT ASSETS (LIABILITIES) (19,509 ) (19,509 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,363 ) (19,315 )
NET LIABILITIES (19,363 ) (19,315 )
CAPITAL AND RESERVES
Called up share capital 6 60 60
Profit and Loss Account (19,423 ) (19,375 )
SHAREHOLDERS' FUNDS (19,363) (19,315)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J B Baccoli
Director
20 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Midlands Training Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07221199 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
At 30th April 2024 the company had net liabilities of £19,363. The company is reliant on the continued support of the director. The director has confirmed her intention to support the company.
On the above basis, the director considers that the accounts should be prepared on a going concern basis.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 1,171 4,056 5,227
As at 30 April 2024 1,171 4,056 5,227
Depreciation
As at 1 May 2023 1,133 3,900 5,033
Provided during the period 9 39 48
As at 30 April 2024 1,142 3,939 5,081
Net Book Value
As at 30 April 2024 29 117 146
As at 1 May 2023 38 156 194
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 19,515 19,515
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 60 60
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7. Related Party Transactions
At the balance sheet date, the company owed the director £19,515 (2023:£19,515). This amount is unsecured, interest free, with no fixed repayment date.
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