Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11433077 Miss J Mitchell Miss N Mitchell J Mitchell & N Mitchell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11433077 2023-09-30 11433077 2024-09-30 11433077 2023-10-01 2024-09-30 11433077 frs-core:CurrentFinancialInstruments 2024-09-30 11433077 frs-core:Non-currentFinancialInstruments 2024-09-30 11433077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 11433077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11433077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 11433077 frs-core:ShareCapital 2024-09-30 11433077 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11433077 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11433077 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11433077 frs-bus:SmallEntities 2023-10-01 2024-09-30 11433077 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11433077 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11433077 1 2023-10-01 2024-09-30 11433077 frs-bus:Director1 2023-10-01 2024-09-30 11433077 frs-bus:Director2 2023-10-01 2024-09-30 11433077 frs-countries:EnglandWales 2023-10-01 2024-09-30 11433077 2022-09-30 11433077 2023-09-30 11433077 2022-10-01 2023-09-30 11433077 frs-core:CurrentFinancialInstruments 2023-09-30 11433077 frs-core:Non-currentFinancialInstruments 2023-09-30 11433077 frs-core:ShareCapital 2023-09-30 11433077 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11433077
Mid-Counties Investment Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11433077
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 267,179 273,200
267,179 273,200
CURRENT ASSETS
Debtors 5 205,616 207,387
Investments 6 2 2
Cash at bank and in hand 45 1,837
205,663 209,226
Creditors: Amounts Falling Due Within One Year 7 (22,209 ) (30,485 )
NET CURRENT ASSETS (LIABILITIES) 183,454 178,741
TOTAL ASSETS LESS CURRENT LIABILITIES 450,633 451,941
Creditors: Amounts Falling Due After More Than One Year 8 (210,969 ) (216,063 )
NET ASSETS 239,664 235,878
CAPITAL AND RESERVES
Called up share capital 9 126 2
Profit and Loss Account 239,538 235,876
SHAREHOLDERS' FUNDS 239,664 235,878
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Page 2
For the year ending 30 September 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
Miss J Mitchell
Director
24 June 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Mid-Counties Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11433077 . The registered office is Unit 5 Barberry Court, Callister Way, Centrum 100, Burton On Trent, DE14 2UE.
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. 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% Straight line
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 301,047
As at 30 September 2024 301,047
Depreciation
As at 1 October 2023 27,847
Provided during the period 6,021
As at 30 September 2024 33,868
Net Book Value
As at 30 September 2024 267,179
As at 1 October 2023 273,200
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5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,892 8,787
Other debtors 124 -
8,016 8,787
Due after more than one year
Amounts owed by group undertakings 197,600 198,600
205,616 207,387
6. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 2 2
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 12,970 23,687
Corporation tax 5,951 4,499
VAT 1,380 1,399
Accruals and deferred income 1,908 900
22,209 30,485
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 168,320 170,573
Amounts owed to subsidiaries 42,649 45,490
210,969 216,063
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 126 2
10. Related Party Transactions
Mid-Counties Investments Limited has a loan payable of £42,649 (2023 : £45,490) to its wholly owned subsiduary Mitchell Drainage and Enviromental Solutions Ltd which is repayable on demand and interest free.
Mid-Counties Investments Limited has a loan receivable of £197,600 (2023 : £198,600) from its parent company, Mitchell Drainage Civils and Waste Ltd, which is repayable on demand and interest-free.
11. Ultimate Controlling Party
The company's ultimate controlling party is J Mitchell & N Mitchell by virtue of their 100% ownership of Mitchell Drainage Civils and Waste Limited, the parent company.
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