Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04276115 Mr N Allen Mr P Allen Mr P Allen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04276115 2023-07-31 04276115 2024-07-31 04276115 2023-08-01 2024-07-31 04276115 frs-core:CurrentFinancialInstruments 2024-07-31 04276115 frs-core:Non-currentFinancialInstruments 2024-07-31 04276115 frs-core:BetweenOneFiveYears 2024-07-31 04276115 frs-core:ComputerEquipment 2024-07-31 04276115 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04276115 frs-core:ComputerEquipment 2023-07-31 04276115 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 04276115 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04276115 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04276115 frs-core:MotorVehicles 2024-07-31 04276115 frs-core:MotorVehicles 2023-08-01 2024-07-31 04276115 frs-core:MotorVehicles 2023-07-31 04276115 frs-core:PlantMachinery 2024-07-31 04276115 frs-core:PlantMachinery 2023-08-01 2024-07-31 04276115 frs-core:PlantMachinery 2023-07-31 04276115 frs-core:WithinOneYear 2024-07-31 04276115 frs-core:ShareCapital 2024-07-31 04276115 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04276115 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04276115 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04276115 frs-bus:SmallEntities 2023-08-01 2024-07-31 04276115 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04276115 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04276115 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 04276115 frs-bus:OrdinaryShareClass1 2024-07-31 04276115 frs-bus:OrdinaryShareClass2 2023-08-01 2024-07-31 04276115 frs-bus:OrdinaryShareClass2 2024-07-31 04276115 frs-bus:OrdinaryShareClass3 2023-08-01 2024-07-31 04276115 frs-bus:OrdinaryShareClass3 2024-07-31 04276115 1 2023-08-01 2024-07-31 04276115 frs-bus:Director1 2023-08-01 2024-07-31 04276115 frs-bus:Director2 2023-08-01 2024-07-31 04276115 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04276115 frs-countries:EnglandWales 2023-08-01 2024-07-31 04276115 2022-07-31 04276115 2023-07-31 04276115 2022-08-01 2023-07-31 04276115 frs-core:CurrentFinancialInstruments 2023-07-31 04276115 frs-core:Non-currentFinancialInstruments 2023-07-31 04276115 frs-core:BetweenOneFiveYears 2023-07-31 04276115 frs-core:WithinOneYear 2023-07-31 04276115 frs-core:ShareCapital 2023-07-31 04276115 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04276115 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 04276115 frs-bus:OrdinaryShareClass2 2022-08-01 2023-07-31 04276115 frs-bus:OrdinaryShareClass3 2022-08-01 2023-07-31
Registered number: 04276115
Midland Road Maintenance Limited
Financial Statements
For The Year Ended 31 July 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04276115
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 612,961 475,488
612,961 475,488
CURRENT ASSETS
Stocks 5 460 460
Debtors 6 619,801 527,222
Cash at bank and in hand 475,241 523,037
1,095,502 1,050,719
Creditors: Amounts Falling Due Within One Year 7 (209,705 ) (168,118 )
NET CURRENT ASSETS (LIABILITIES) 885,797 882,601
TOTAL ASSETS LESS CURRENT LIABILITIES 1,498,758 1,358,089
Creditors: Amounts Falling Due After More Than One Year 8 (61,594 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (144,617 ) (109,963 )
NET ASSETS 1,292,547 1,248,126
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 1,292,347 1,247,926
SHAREHOLDERS' FUNDS 1,292,547 1,248,126
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For the year ending 31 July 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 N Allen
Director
9 April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Midland Road Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04276115 . The registered office is 7 Faraday Court, First Avenue, Burton On Trent, Staffordshire, DE14 2WX.
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. 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:
Freehold 2% on straight line basis
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33.3% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 38,049 901,199 272,250 1,427 1,212,925
Additions - 241,700 87,301 842 329,843
Disposals - (455,210 ) (56,702 ) (1,710 ) (513,622 )
As at 31 July 2024 38,049 687,689 302,849 559 1,029,146
Depreciation
As at 1 August 2023 1,649 556,253 178,119 1,416 737,437
Provided during the period 761 69,553 34,179 78 104,571
Disposals - (374,607 ) (49,800 ) (1,416 ) (425,823 )
As at 31 July 2024 2,410 251,199 162,498 78 416,185
Net Book Value
As at 31 July 2024 35,639 436,490 140,351 481 612,961
As at 1 August 2023 36,400 344,946 94,131 11 475,488
5. Stocks
2024 2023
£ £
Stock 460 460
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 213,145 170,917
Other debtors 71,579 28,601
Amounts owed by group undertakings 335,077 327,704
619,801 527,222
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 129,330 28,649
Trade creditors 11,167 31,566
Corporation tax - 34,356
Other taxes and social security 12,276 12,768
Other creditors 6,652 10,499
Amounts owed to group undertakings 50,280 50,280
209,705 168,118
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 61,594 -
61,594 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 129,330 28,649
Later than one year and not later than five years 61,594 -
190,924 28,649
190,924 28,649
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
50 Ordinary A shares of £ 1.000 each 50 50
50 Ordinary B shares of £ 1.000 each 50 50
200 200
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11. Financial Instruments
FIXED AND FLOATING CHARGE
The company has a registration of a fixed and floating charge dated 25th November 2016 covering property and undertakings of the company in favour of Barclays Bank PLC.
12. Related Party Transactions
At the balance sheet date £49,303 was due to the company from Mr N J Allen (2023: £354 due from the company) and £3,155 (2023:£3,116) was due from the company to Mr P C Allen, the directors. The amounts are unsecured, interest free and have no fixed repayment date.
N J Allen Developments Limited
A company in which Mr N J Allen is a director.
Amount due to a related party at the balance sheet date £50,279 (2023: £50,279).
Allen Partnership
A company in which Mr N J Allen and Mr P C Allen are partners.
Amount due from a related party at the balance sheet date £Nil (2023: £23,487).
Staffordshire Traditional Meat Company Limited
A company in which Mr N J Allen and Mr P C Allen are directors.
During the year the company provided a loan on which interest was charged at the commercial rate of 2.25%. The interest totalled £7,373.
Amount due from the related party at the balance sheet date £335,077 (2023:£327,704). 
13. Ultimate Controlling Party
The company was controlled by Mr P C Allen and Mr N J Allen, the directors and shareholders.
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