Midlands 3D Printing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11710952

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,083		-
Tangible Assets	5		858,675		459,153

			864,758		459,153
CURRENT ASSETS
Stocks	6	25,000		20,000
Debtors	7	73,891		87,191
Cash at bank and in hand		130,404		69,061

		229,295		176,252
Creditors: Amounts Falling Due Within One Year	8	(420,529 )		(397,836 )

NET CURRENT ASSETS (LIABILITIES)			(191,234 )		(221,584 )

TOTAL ASSETS LESS CURRENT LIABILITIES			673,524		237,569

Creditors: Amounts Falling Due After More Than One Year	9		(226,612 )		(36,116 )

NET ASSETS			446,912		201,453

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			446,910		201,451

SHAREHOLDERS' FUNDS			446,912		201,453

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Midlands 3D Printing Ltd

Balance Sheet (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Moloney

Director

3 April 2025

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

1. General Information

Midlands 3D Printing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11710952 . The registered office is Unit 6-7 Emerald Way, Stone Buisness Park, Stone, Staffordshire, ST15 0SR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	33% Straught Line
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Midlands 3D Printing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	-
Additions	6,083

As at 31 December 2024	6,083

Net Book Value
As at 31 December 2024	6,083

As at 1 January 2024	-

5. Tangible Assets

	Investment Properties	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	46,819	828,056	-	9,261
Additions	13,292	644,880	22,335	6,478

As at 31 December 2024	60,111	1,472,936	22,335	15,739

Depreciation
As at 1 January 2024	20,379	406,897	-	6,418
Provided during the period	9,933	266,510	7,371	2,330

As at 31 December 2024	30,312	673,407	7,371	8,748

Net Book Value
As at 31 December 2024	29,799	799,529	14,964	6,991

As at 1 January 2024	26,440	421,159	-	2,843

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Midlands 3D Printing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	21,762	905,898
Additions	1,145	688,130

As at 31 December 2024	22,907	1,594,028

Depreciation
As at 1 January 2024	13,051	446,745
Provided during the period	2,464	288,608

As at 31 December 2024	15,515	735,353

Net Book Value
As at 31 December 2024	7,392	858,675

As at 1 January 2024	8,711	459,153

6. Stocks

	2024	2023
	£	£
Materials	25,000	20,000

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	73,412	87,191
Other debtors	479	-

	73,891	87,191

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	189,841	317,006
Bank loans and overdrafts	193,933	440
Other creditors	31,010	54,522
Taxation and social security	5,745	25,868

	420,529	397,836

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Midlands 3D Printing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bounce Back Loan (Long term liabilities - creditors > 1 year)	31,122	36,116
Other creditors	195,490	-

	226,612	36,116

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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