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REGISTERED NUMBER: 08511238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MIDA TAYLOR LIMITED

MIDA TAYLOR LIMITED (REGISTERED NUMBER: 08511238)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIDA TAYLOR LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTOR: M Taylor





SECRETARY: Mrs D Taylor





REGISTERED OFFICE: 15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB





REGISTERED NUMBER: 08511238 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

MIDA TAYLOR LIMITED (REGISTERED NUMBER: 08511238)

BALANCE SHEET
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,673,874 6,585,970

CURRENT ASSETS
Debtors 5 1,298,089 1,222,357
Cash at bank 9,247,766 9,163,145
10,545,855 10,385,502
CREDITORS
Amounts falling due within one year 6 15,121,238 15,511,557
NET CURRENT LIABILITIES (4,575,383 ) (5,126,055 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,098,491

1,459,915

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 2,098,371 1,459,795
SHAREHOLDERS' FUNDS 2,098,491 1,459,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2025 and were signed by:





M Taylor - Director


MIDA TAYLOR LIMITED (REGISTERED NUMBER: 08511238)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Mida Taylor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MIDA TAYLOR LIMITED (REGISTERED NUMBER: 08511238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st May 2023 6,585,761 525 6,586,286
Additions 87,956 - 87,956
At 30th April 2024 6,673,717 525 6,674,242
DEPRECIATION
At 1st May 2023 - 316 316
Charge for year - 52 52
At 30th April 2024 - 368 368
NET BOOK VALUE
At 30th April 2024 6,673,717 157 6,673,874
At 30th April 2023 6,585,761 209 6,585,970

Freehold property comprise investment properties. The assets are stated at valuation of their fair value, in the director's opinion.

Cost or valuation at 30th April 2024 is represented by:

Land and
buildings
£   
Valuation in 2020 3,457,257
Cost 3,216,460
6,673,717

If freehold property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 6,831,632 6,831,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 98,313 25,177
Other debtors 1,199,776 1,197,180
1,298,089 1,222,357

MIDA TAYLOR LIMITED (REGISTERED NUMBER: 08511238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 18,215 270
Taxation and social security 261,012 102,230
Other creditors 14,842,011 15,409,057
15,121,238 15,511,557

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
NIL Ordinary £1 - 120
40 Ordinary A £1 40 -
40 Ordinary B £1 40 -
40 Ordinary C £1 40 -
120 120