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Registration number: 09635767

Middle Street Resolutions Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Middle Street Resolutions Limited

(Registration number: 09635767)

Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

900

1,481

Current assets

 

Cash at bank and in hand

 

725

2,109

Creditors: Amounts falling due within one year

4

(2,150)

(2,120)

Net current liabilities

 

(1,425)

(11)

Net (liabilities)/assets

 

(525)

1,470

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(527)

1,468

Shareholders' (deficit)/funds

 

(525)

1,470

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 11 February 2025.
 

.........................................

Mr David Body

Director

 

Middle Street Resolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

Accounting policies

Statutory information

Middle Street Resolutions Limited is a private company, limited by shares, domiciled in England and Wales, company number 09635767. The registered office is at 327 Fulwood Road, Sheffield, S10 3BJ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

 

Middle Street Resolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

1

Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

tangible assets

Office equipment
£

Cost

At 1 June 2023

4,355

Additions

856

At 31 May 2024

5,211

Depreciation

At 1 June 2023

2,874

Charge for the year

1,437

At 31 May 2024

4,311

Carrying amount

At 31 May 2024

900

At 31 May 2023

1,481

4

Creditors

2024
£

2023
£

Due within one year

Accruals and deferred income

450

420

Other creditors

1,700

1,700

2,150

2,120