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COMPANY REGISTRATION NUMBER: 15338128
Middleham Steaming Solutions Ltd
Filleted Unaudited Financial Statements
31 December 2024
Middleham Steaming Solutions Ltd
Balance Sheet
31 December 2024
31 Dec 24
Note
£
Fixed assets
Tangible assets
5
30,050
Current assets
Debtors
6
15,550
Cash at bank and in hand
335
--------
15,885
Creditors: amounts falling due within one year
7
17,999
--------
Net current liabilities
2,114
--------
Total assets less current liabilities
27,936
Creditors: amounts falling due after more than one year
8
22,136
Provisions
5,700
--------
Net assets
100
--------
Capital and reserves
Called up share capital
100
----
Shareholders funds
100
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Middleham Steaming Solutions Ltd
Balance Sheet (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
Mr N A C Middleham
Director
Company registration number: 15338128
Middleham Steaming Solutions Ltd
Notes to the Financial Statements
Period from 9 December 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Dorchester Drive Muxton, Telford, Shropshire, TF2 8SR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover comprises the value of sales (exclusive of VAT and trade discounts) of services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 9 December 2023
Additions
4,477
34,994
39,471
-------
--------
--------
At 31 December 2024
4,477
34,994
39,471
-------
--------
--------
Depreciation
At 9 December 2023
Charge for the period
672
8,749
9,421
-------
--------
--------
At 31 December 2024
672
8,749
9,421
-------
--------
--------
Carrying amount
At 31 December 2024
3,805
26,245
30,050
-------
--------
--------
6. Debtors
31 Dec 24
£
Trade debtors
11,250
Other debtors
4,300
--------
15,550
--------
7. Creditors: amounts falling due within one year
31 Dec 24
£
Social security and other taxes
2,336
Other creditors
15,663
--------
17,999
--------
The hire purchase creditor of £3,818 is secured against the assets being financed.
8. Creditors: amounts falling due after more than one year
31 Dec 24
£
Other creditors
22,136
--------
The hire purchase creditor of £22,136 is secured against the assets being financed.