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REGISTERED NUMBER: 10755631 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Midtech Building Services Limited

Midtech Building Services Limited (Registered number: 10755631)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Midtech Building Services Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs T Bathurst





REGISTERED OFFICE: Little Paddocks
Warbage Lane
Dodford
Bromsgrove
B61 9BH





REGISTERED NUMBER: 10755631 (England and Wales)





ACCOUNTANTS: AKB Group Limited
91 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AY

Midtech Building Services Limited (Registered number: 10755631)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,662 126,581

CURRENT ASSETS
Debtors 5 346,419 388,267
Cash at bank and in hand 70,802 97,063
417,221 485,330
CREDITORS
Amounts falling due within one year 6 80,783 79,241
NET CURRENT ASSETS 336,438 406,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,100

532,670

CREDITORS
Amounts falling due after more than one year 7 (16,162 ) (30,995 )

PROVISIONS FOR LIABILITIES (19,922 ) (30,520 )
NET ASSETS 400,016 471,155

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 399,916 471,055
SHAREHOLDERS' FUNDS 400,016 471,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Midtech Building Services Limited (Registered number: 10755631)

Balance Sheet - continued
29 February 2024


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 26 February 2025 and were signed by:





Mrs T Bathurst - Director


Midtech Building Services Limited (Registered number: 10755631)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Midtech Building Services Limited is a private company, limited by shares, incorporated in England and Wales registered in England and Wales, registered number 10755631.The registered office address is Little Paddocks, Warbage Lane, Dodford, Bromsgrove. B61 9BH.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Midtech Building Services Limited (Registered number: 10755631)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 92,214 138,567 230,781
Disposals - (3,600 ) (3,600 )
At 29 February 2024 92,214 134,967 227,181
DEPRECIATION
At 1 March 2023 40,318 63,882 104,200
Charge for year 7,784 18,672 26,456
Eliminated on disposal - (3,137 ) (3,137 )
At 29 February 2024 48,102 79,417 127,519
NET BOOK VALUE
At 29 February 2024 44,112 55,550 99,662
At 28 February 2023 51,896 74,685 126,581

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 26,850
DEPRECIATION
At 1 March 2023
and 29 February 2024 7,451
NET BOOK VALUE
At 29 February 2024 19,399
At 28 February 2023 19,399

Midtech Building Services Limited (Registered number: 10755631)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 135,371 156,528
Other debtors 211,048 231,739
346,419 388,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,833 4,833
Trade creditors 34,216 40,173
Taxation and social security 11,684 2,363
Other creditors 20,050 21,872
80,783 79,241

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,745 23,745
Hire purchase contracts 2,417 7,250
16,162 30,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100