Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falseNo description of principal activity87falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06964243 2023-07-01 2024-06-30 06964243 2022-07-01 2023-06-30 06964243 2024-06-30 06964243 2023-06-30 06964243 c:Director1 2023-07-01 2024-06-30 06964243 c:Director2 2023-07-01 2024-06-30 06964243 c:RegisteredOffice 2023-07-01 2024-06-30 06964243 d:FurnitureFittings 2023-07-01 2024-06-30 06964243 d:FurnitureFittings 2024-06-30 06964243 d:FurnitureFittings 2023-06-30 06964243 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06964243 d:OfficeEquipment 2023-07-01 2024-06-30 06964243 d:OfficeEquipment 2024-06-30 06964243 d:OfficeEquipment 2023-06-30 06964243 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06964243 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06964243 d:CurrentFinancialInstruments 2024-06-30 06964243 d:CurrentFinancialInstruments 2023-06-30 06964243 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06964243 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06964243 d:ShareCapital 2024-06-30 06964243 d:ShareCapital 2023-06-30 06964243 d:SharePremium 2024-06-30 06964243 d:SharePremium 2023-06-30 06964243 d:RetainedEarningsAccumulatedLosses 2024-06-30 06964243 d:RetainedEarningsAccumulatedLosses 2023-06-30 06964243 c:FRS102 2023-07-01 2024-06-30 06964243 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06964243 c:FullAccounts 2023-07-01 2024-06-30 06964243 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06964243 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 06964243







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


MID-TECH AIR PRODUCTS LIMITED






































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MID-TECH AIR PRODUCTS LIMITED
 


 
COMPANY INFORMATION


Directors
Mr G Anderson 
Mr T S Davison 




Registered number
06964243



Registered office
Menzies LLP 2nd Floor
Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MID-TECH AIR PRODUCTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


MID-TECH AIR PRODUCTS LIMITED
REGISTERED NUMBER:06964243



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,984
3,265

  
2,984
3,265

Current assets
  

Stocks
  
18,000
10,000

Debtors: amounts falling due within one year
 5 
411,663
310,565

Cash at bank and in hand
  
683,567
339,395

  
1,113,230
659,960

Creditors: amounts falling due within one year
 6 
(886,427)
(486,593)

Net current assets
  
 
 
226,803
 
 
173,367

Total assets less current liabilities
  
229,787
176,632

  

Net assets
  
229,787
176,632


Capital and reserves
  

Called up share capital 
  
120
120

Share premium account
  
4,980
4,980

Profit and loss account
  
224,687
171,532

  
229,787
176,632


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Mr G Anderson
Director
Date: 13 February 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 


MID-TECH AIR PRODUCTS LIMITED
REGISTERED NUMBER:06964243


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 


MID-TECH AIR PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Mid-Tech Air Products Limited is a private company limited by shares incorporated in England and Wales. The address of the principal place of business is West Midlands House, Gipsy Lane, Willenhall, West Midlands, WV13 2HA. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is generated from the provision of compressed air and vacuum specialist services. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


MID-TECH AIR PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the most appropriate basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 7).


4.


Tangible fixed assets





Fixtures and fittings
Equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
263
11,759
12,022


Additions
-
2,033
2,033



At 30 June 2024

263
13,792
14,055



Depreciation


At 1 July 2023
263
8,494
8,757


Charge for the year on owned assets
-
2,314
2,314



At 30 June 2024

263
10,808
11,071



Net book value



At 30 June 2024
-
2,984
2,984



At 30 June 2023
-
3,265
3,265

Page 4

 


MID-TECH AIR PRODUCTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
338,340
239,038

Prepayments and accrued income
73,323
71,527

411,663
310,565



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
377,681
325,947

Corporation tax
26,730
27,398

Other taxation and social security
24,952
13,086

Other creditors
18,806
22,824

Accruals and deferred income
438,258
97,338

886,427
486,593


 
Page 5