Registered number
07183717
Mid West Planning Ltd
Report and Accounts
31 March 2025
Accountancy 4 Success Limited
Accountants and Business Advisers
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Tel 0871 222 1920 Fax 0871 222 1921
Email info@accountancy4growth.co.uk
Website www.accountancy4growth.co.uk
Mid West Planning Ltd
Registered number: 07183717
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 4,060 4,154
Current assets
Debtors 4 83,615 81,137
Cash at bank and in hand 5,525 21,575
89,140 102,712
Creditors: amounts falling due within one year 5 (15,905) (22,615)
Net current assets 73,235 80,097
Total assets less current liabilities 77,295 84,251
Creditors: amounts falling due after more than one year 6 (1,379) (3,033)
Provisions for liabilities (1,015) (1,038)
Net assets 74,901 80,180
Capital and reserves
Called up share capital 1 1
Profit and loss account 74,900 80,179
Shareholders' funds 74,901 80,180
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Philip Plant
Director
Approved by the board on 6 May 2025
Mid West Planning Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 8,163
Additions 1,841
Disposals (933)
At 31 March 2025 9,071
Depreciation
At 1 April 2024 4,009
Charge for the year 1,642
On disposals (640)
At 31 March 2025 5,011
Net book value
At 31 March 2025 4,060
At 31 March 2024 4,154
4 Debtors 2025 2024
£ £
Trade debtors 25,805 29,009
Other debtors 57,810 52,128
83,615 81,137
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,655 1,655
Corporation tax 6,223 11,985
Other taxes and social security costs 6,853 8,666
Other creditors 1,174 309
15,905 22,615
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,379 3,033
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