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REGISTERED NUMBER: 12876062 (England and Wales)


Midsoft Technologies Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 September 2024






Midsoft Technologies Limited (Registered number: 12876062)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


Midsoft Technologies Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Ms G Demir
Ms A S Demir





REGISTERED OFFICE: 4th Floor Silverstream House
45 Fitzroy Street
London
W1T 6ET





REGISTERED NUMBER: 12876062 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Midsoft Technologies Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Midsoft Technologies Limited for the year ended 30 September 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Midsoft Technologies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Midsoft Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Midsoft Technologies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midsoft Technologies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Midsoft Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Midsoft Technologies Limited. You consider that Midsoft Technologies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Midsoft Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


27 May 2025

Midsoft Technologies Limited (Registered number: 12876062)

Abridged Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 3 2,288 2,942

CURRENT ASSETS
Debtors 8,997 -
Cash at bank and in hand 1,571 1,162
10,568 1,162
CREDITORS
Amounts falling due within one year 6,011 2,913
NET CURRENT ASSETS/(LIABILITIES) 4,557 (1,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,845

1,191

PROVISIONS FOR LIABILITIES 4 435 559
NET ASSETS 6,410 632

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 6,310 532
SHAREHOLDERS' FUNDS 6,410 632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Midsoft Technologies Limited (Registered number: 12876062)

Abridged Statement of Financial Position - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




Ms A S Demir - Director



Ms G Demir - Director


Midsoft Technologies Limited (Registered number: 12876062)

Notes to the Financial Statements
for the year ended 30 September 2024

1. ACCOUNTING POLICIES

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

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the goods are physically delivered to the customers and is generated from the ordinary activities of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Midsoft Technologies Limited (Registered number: 12876062)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 October 2023 5,317
Additions 107
At 30 September 2024 5,424
DEPRECIATION
At 1 October 2023 2,375
Charge for year 761
At 30 September 2024 3,136
NET BOOK VALUE
At 30 September 2024 2,288
At 30 September 2023 2,942

4. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 435 559

Deferred
tax
£   
Balance at 1 October 2023 559
Provided during year (124 )
Balance at 30 September 2024 435

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Midsoft Technologies Limited (Registered number: 12876062)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. RESERVES
Retained
earnings
£   

At 1 October 2023 532
Profit for the year 5,778
At 30 September 2024 6,310

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount owed to key management personnel at balance sheet date of £4,366
(2023 - £1,447).This is an interest free loan and has no fixed repayment terms.