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Registered number: 05368644
Midland Dry Cleaners Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05368644
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,435 58,504
43,435 58,504
CURRENT ASSETS
Debtors 5 19,859 13,913
Cash at bank and in hand 6,435 499
26,294 14,412
Creditors: Amounts Falling Due Within One Year 6 (213,237 ) (165,560 )
NET CURRENT ASSETS (LIABILITIES) (186,943 ) (151,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES (143,508 ) (92,644 )
Creditors: Amounts Falling Due After More Than One Year 7 (15,786 ) (15,812 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (6,881 ) (6,881 )
NET LIABILITIES (166,175 ) (115,337 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (166,275 ) (115,437 )
SHAREHOLDERS' FUNDS (166,175) (115,337)
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Balwant Singh
Director
4 April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Midland Dry Cleaners Limited Registered number 05368644 is a limited by shares company incorporated in England & Wales. The Registered Office is 328 Soho Road, Handsworth, Birmingham, B21 9NA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold Over 10 years
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 3 3
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 May 2023 53,364 65,728 39,816 158,908
Disposals - (8,582 ) - (8,582 )
As at 30 April 2024 53,364 57,146 39,816 150,326
Depreciation
As at 1 May 2023 32,018 33,122 35,264 100,404
Provided during the period 5,336 8,007 1,138 14,481
Disposals - (7,994 ) - (7,994 )
As at 30 April 2024 37,354 33,135 36,402 106,891
Net Book Value
As at 30 April 2024 16,010 24,011 3,414 43,435
As at 1 May 2023 21,346 32,606 4,552 58,504
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,859 13,913
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 130,452 85,685
Bank loans and overdrafts 47,249 51,326
Corporation tax 4,682 4,367
Other taxes and social security 5,863 5,436
VAT 1,391 321
Accruals and deferred income 5,498 5,500
Director's loan account 18,102 12,925
213,237 165,560
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,786 15,812
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 3,286 5,812
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by fixed and floating charge over the undertaking and all property and assets present and future of the company.
2024 2023
£ £
Bank loans and overdrafts 63,035 67,138
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 6,881 6,881
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Related Party Transactions
Mr B SinghDirector

Mr B Singh

Director

The company paid annual rent for premises it operates from of £11,000 (2023 £11,000)
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr B Singh by virtue of his ownership of 100% of the issued share capital in the company.
Page 6