IRIS Accounts Production v24.3.2.46 12985357 director 1.11.23 31.10.24 31.10.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129853572023-10-31129853572024-10-31129853572023-11-012024-10-31129853572022-10-31129853572022-11-012023-10-31129853572023-10-3112985357ns15:EnglandWales2023-11-012024-10-3112985357ns14:PoundSterling2023-11-012024-10-3112985357ns10:Director12023-11-012024-10-3112985357ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3112985357ns10:SmallEntities2023-11-012024-10-3112985357ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3112985357ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3112985357ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3112985357ns10:FullAccounts2023-11-012024-10-3112985357ns10:RegisteredOffice2023-11-012024-10-3112985357ns5:CurrentFinancialInstruments2024-10-3112985357ns5:CurrentFinancialInstruments2023-10-3112985357ns5:ShareCapital2024-10-3112985357ns5:ShareCapital2023-10-3112985357ns5:RetainedEarningsAccumulatedLosses2024-10-3112985357ns5:RetainedEarningsAccumulatedLosses2023-10-3112985357ns5:FurnitureFittings2023-11-012024-10-3112985357ns5:ComputerEquipment2023-11-012024-10-3112985357ns5:FurnitureFittings2023-10-3112985357ns5:ComputerEquipment2023-10-3112985357ns5:FurnitureFittings2024-10-3112985357ns5:ComputerEquipment2024-10-3112985357ns5:FurnitureFittings2023-10-3112985357ns5:ComputerEquipment2023-10-3112985357ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3112985357ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 12985357 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

MIDGEL ENGINEERING LTD

MIDGEL ENGINEERING LTD (REGISTERED NUMBER: 12985357)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MIDGEL ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: N E Lancaster





REGISTERED OFFICE: 28 Fox Lane
Thorpe Willoughby
Selby
North Yorkshire
YO8 9NA





REGISTERED NUMBER: 12985357 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

MIDGEL ENGINEERING LTD (REGISTERED NUMBER: 12985357)

STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 864 370

CURRENT ASSETS
Stocks 2,398 1,658
Debtors 5 1,319 1,573
Cash at bank 45,061 30,828
48,778 34,059
CREDITORS
Amounts falling due within one year 6 19,779 16,580
NET CURRENT ASSETS 28,999 17,479
TOTAL ASSETS LESS CURRENT LIABILITIES 29,863 17,849

PROVISIONS FOR LIABILITIES 164 70
NET ASSETS 29,699 17,779

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,599 17,679
29,699 17,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th March 2025 and were signed by:





N E Lancaster - Director


MIDGEL ENGINEERING LTD (REGISTERED NUMBER: 12985357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Midgel Engineering Ltd 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the goods have been delivered to customers such that the risks and rewards of
ownership have transferred to them.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

MIDGEL ENGINEERING LTD (REGISTERED NUMBER: 12985357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2023 414 473 887
Additions - 899 899
At 31st October 2024 414 1,372 1,786
DEPRECIATION
At 1st November 2023 239 278 517
Charge for year 44 361 405
At 31st October 2024 283 639 922
NET BOOK VALUE
At 31st October 2024 131 733 864
At 31st October 2023 175 195 370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,319 1,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 13
Taxation and social security 10,133 9,709
Other creditors 9,646 6,858
19,779 16,580

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £8,505 (2023 - £5,716) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.