Registered number
14833807
Midlands Outdoor Services Ltd
Filleted Accounts
30 September 2024
Midlands Outdoor Services Ltd
Registered number: 14833807
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Tangible assets 3 5,646
Current assets
Stocks 14,463
Debtors 4 14,186
Cash at bank and in hand 6,965
35,614
Creditors: amounts falling due within one year 5 (62,837)
Net current liabilities (27,223)
Net liabilities (21,577)
Capital and reserves
Called up share capital 100
Profit and loss account (21,677)
Shareholder's funds (21,577)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Y Passfield
Director
Approved by the board on 14 February 2025
Midlands Outdoor Services Ltd
Notes to the Accounts
for the period from 28 April 2023 to 30 September 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 4
3 Tangible fixed assets
Fixtures & Fittings Plant and machinery etc Total
£ £ £
Cost
Additions 997 5,949 6,946
At 30 September 2024 997 5,949 6,946
Depreciation
Charge for the period 61 1,239 1,300
At 30 September 2024 61 1,239 1,300
Net book value
At 30 September 2024 936 4,710 5,646
4 Debtors 2024
£
Trade debtors 14,186
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 58,382
Taxation and social security costs 3,055
Other creditors 1,400
62,837
6 Other information
Midlands Outdoor Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Countrywide Depot
Common Lane, Stanley
Ilkeston
Derbyshire
DE7 6NZ
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