Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity1920falsetrue 06739946 2023-07-01 2024-06-30 06739946 2022-07-01 2023-06-30 06739946 2024-06-30 06739946 2023-06-30 06739946 c:Director1 2023-07-01 2024-06-30 06739946 c:RegisteredOffice 2023-07-01 2024-06-30 06739946 d:MotorVehicles 2023-07-01 2024-06-30 06739946 d:MotorVehicles 2024-06-30 06739946 d:MotorVehicles 2023-06-30 06739946 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06739946 d:OfficeEquipment 2023-07-01 2024-06-30 06739946 d:OfficeEquipment 2024-06-30 06739946 d:OfficeEquipment 2023-06-30 06739946 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06739946 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06739946 d:CurrentFinancialInstruments 2024-06-30 06739946 d:CurrentFinancialInstruments 2023-06-30 06739946 d:Non-currentFinancialInstruments 2024-06-30 06739946 d:Non-currentFinancialInstruments 2023-06-30 06739946 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06739946 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06739946 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06739946 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06739946 d:ShareCapital 2024-06-30 06739946 d:ShareCapital 2023-06-30 06739946 d:RetainedEarningsAccumulatedLosses 2024-06-30 06739946 d:RetainedEarningsAccumulatedLosses 2023-06-30 06739946 c:FRS102 2023-07-01 2024-06-30 06739946 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06739946 c:FullAccounts 2023-07-01 2024-06-30 06739946 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06739946 d:WithinOneYear 2024-06-30 06739946 d:WithinOneYear 2023-06-30 06739946 d:BetweenOneFiveYears 2024-06-30 06739946 d:BetweenOneFiveYears 2023-06-30 06739946 d:MoreThanFiveYears 2024-06-30 06739946 d:MoreThanFiveYears 2023-06-30 06739946 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 06739946







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


MID-TECH SERVICES LIMITED






































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MID-TECH SERVICES LIMITED
 


 
COMPANY INFORMATION


Director
Mr M I Dewey 




Registered number
06739946



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MID-TECH SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


MID-TECH SERVICES LIMITED
REGISTERED NUMBER:06739946



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,383
4,514

  
3,383
4,514

Current assets
  

Debtors: amounts falling due within one year
 5 
1,132,615
1,007,720

  
1,132,615
1,007,720

Creditors: amounts falling due within one year
 6 
(586,528)
(499,511)

Net current assets
  
 
 
546,087
 
 
508,209

Total assets less current liabilities
  
549,470
512,723

Creditors: amounts falling due after more than one year
 7 
(77,683)
(35,091)

  

Net assets
  
471,787
477,632


Capital and reserves
  

Called up share capital 
  
1,500
1,500

Profit and loss account
  
470,287
476,132

  
471,787
477,632


Page 1

 


MID-TECH SERVICES LIMITED
REGISTERED NUMBER:06739946


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M I Dewey
Director

Date: 27 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MID-TECH SERVICES LIMITED
 


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

1.


General information

Mid-Tech Services Limited is a private company limited by shares incorporated in England and Wales. The address of the principal place of business is Unit 11, Radway Road, Shirley, Solihull, B90 4NR.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The other debtors balance includes £359,483 (2023 - £355,995) receivable from a company under common control; failure to receive the balance would therefore materially impact the balance sheet. The directors are taking steps to ensure this balance reduces overtime. 

 
2.3

Turnover

Turnover is generated from the provision of hard facilities maintenance to retail, industrial, public and private sectors. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 


MID-TECH SERVICES LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 20).

Page 4

 


MID-TECH SERVICES LIMITED
 


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

4.


Tangible fixed assets





Motor vehicles
Equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
17,095
1,850
18,945



At 30 June 2024

17,095
1,850
18,945



Depreciation


At 1 July 2023
12,581
1,850
14,431


Charge for the year on owned assets
1,131
-
1,131



At 30 June 2024

13,712
1,850
15,562



Net book value



At 30 June 2024
3,383
-
3,383



At 30 June 2023
4,514
-
4,514


5.


Debtors

2024
2023
£
£


Trade debtors
595,290
445,593

Other debtors
378,400
359,058

Prepayments and accrued income
158,925
203,069

1,132,615
1,007,720


Page 5

 


MID-TECH SERVICES LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
58,615
1,621

Bank loans
10,268
10,015

Trade creditors
243,442
235,461

Corporation tax
2,292
10,720

Other taxation and social security
162,455
99,100

Other creditors
58,560
91,595

Accruals and deferred income
50,896
50,999

586,528
499,511



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,640
19,908

Other creditors
68,043
15,183

77,683
35,091


Secured loans
The company's banking facilities are secured by a fixed and floating charge dated 25 November 2010 over all current and future assets of the company. It is further supported by M I Dewey who has provided a £60,000 personal guarantee in respect of the company's indebtedness to the bank.
A loan amount of £19,908, included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government. 
There is a personal guarantee on a loan amount of £105,100, included within creditors, provided by M I Dewey. 


8.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
39,704
56,064

Later than 1 year and not later than 5 years
36,388
56,643

Later than 5 years
4,566
5,267

80,658
117,974

Page 6