IRIS Accounts Production v24.1.0.578 08114634 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081146342023-06-30081146342024-06-30081146342023-07-012024-06-30081146342022-06-30081146342022-07-012023-06-30081146342023-06-3008114634ns15:EnglandWales2023-07-012024-06-3008114634ns14:PoundSterling2023-07-012024-06-3008114634ns10:Director12023-07-012024-06-3008114634ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008114634ns10:SmallEntities2023-07-012024-06-3008114634ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008114634ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008114634ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008114634ns10:FullAccounts2023-07-012024-06-3008114634ns10:Director22023-07-012024-06-3008114634ns10:RegisteredOffice2023-07-012024-06-3008114634ns5:CurrentFinancialInstruments2024-06-3008114634ns5:CurrentFinancialInstruments2023-06-3008114634ns5:ShareCapital2024-06-3008114634ns5:ShareCapital2023-06-3008114634ns5:RetainedEarningsAccumulatedLosses2024-06-3008114634ns5:RetainedEarningsAccumulatedLosses2023-06-3008114634ns5:LeaseholdImprovements2023-07-012024-06-3008114634ns5:PlantMachinery2023-07-012024-06-3008114634ns5:MotorVehicles2023-07-012024-06-3008114634ns5:ComputerEquipment2023-07-012024-06-3008114634ns5:LeaseholdImprovements2023-06-3008114634ns5:PlantMachinery2023-06-3008114634ns5:MotorVehicles2023-06-3008114634ns5:ComputerEquipment2023-06-3008114634ns5:LeaseholdImprovements2024-06-3008114634ns5:PlantMachinery2024-06-3008114634ns5:MotorVehicles2024-06-3008114634ns5:ComputerEquipment2024-06-3008114634ns5:LeaseholdImprovements2023-06-3008114634ns5:PlantMachinery2023-06-3008114634ns5:MotorVehicles2023-06-3008114634ns5:ComputerEquipment2023-06-3008114634ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3008114634ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008114634ns5:RetainedEarningsAccumulatedLosses2023-06-3008114634ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 08114634 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MID-TECH (COMPRESSED AIR) LIMITED

MID-TECH (COMPRESSED AIR) LIMITED (REGISTERED NUMBER: 08114634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MID-TECH (COMPRESSED AIR) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J H F Kelly-Edwards
M Searle





REGISTERED OFFICE: 33 Coton Road
Nuneaton
Warwickshire
CV11 5TW





REGISTERED NUMBER: 08114634 (England and Wales)





ACCOUNTANTS: Ades Askews
33 Coton Road
Nuneaton
Warwickshire
CV11 5TW

MID-TECH (COMPRESSED AIR) LIMITED (REGISTERED NUMBER: 08114634)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,403 57,724

CURRENT ASSETS
Stocks 70,000 81,846
Debtors 5 272,151 361,616
Cash at bank and in hand 70,203 41,067
412,354 484,529
CREDITORS
Amounts falling due within one year 6 294,162 300,382
NET CURRENT ASSETS 118,192 184,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,595

241,871

CAPITAL AND RESERVES
Called up share capital 93 93
Retained earnings 7 180,502 241,778
SHAREHOLDERS' FUNDS 180,595 241,871

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





J H F Kelly-Edwards - Director


MID-TECH (COMPRESSED AIR) LIMITED (REGISTERED NUMBER: 08114634)

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

1. STATUTORY INFORMATION

Mid-Tech (Compressed Air) 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.

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

Invoices are raised at the date of supply of service and/or materials.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MID-TECH (COMPRESSED AIR) LIMITED (REGISTERED NUMBER: 08114634)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 6,400 12,310 112,967 4,683 136,360
Additions - - 25,500 - 25,500
At 30 June 2024 6,400 12,310 138,467 4,683 161,860
DEPRECIATION
At 1 July 2023 6,208 10,194 57,551 4,683 78,636
Charge for year 63 529 20,229 - 20,821
At 30 June 2024 6,271 10,723 77,780 4,683 99,457
NET BOOK VALUE
At 30 June 2024 129 1,587 60,687 - 62,403
At 30 June 2023 192 2,116 55,416 - 57,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270,240 359,786
Prepayments 1,911 1,830
272,151 361,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 156,712 151,593
Tax 41,870 38,160
Social security and other taxes 6,635 6,411
VAT 20,407 30,865
Other creditors 46,368 39,545
Directors' current accounts 2,191 13,986
Accrued expenses 19,979 19,822
294,162 300,382

MID-TECH (COMPRESSED AIR) LIMITED (REGISTERED NUMBER: 08114634)

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

7. RESERVES
Retained
earnings
£   

At 1 July 2023 241,778
Profit for the year 123,724
Dividends (185,000 )
At 30 June 2024 180,502