Company registration number 09421739 (England and Wales)
MIDLAND FIXINGS GROUP LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MIDLAND FIXINGS GROUP LTD
COMPANY INFORMATION
Directors
A M Fowler
M C Fowler
R C Fowler
Company number
09421739
Registered office
The Parrs
Lilac Grove
Beeston
Nottingham
NG9 1PJ
Auditor
Taylor Dawson Plumb Limited
22 Regent Street
Nottingham
NG1 5BQ
MIDLAND FIXINGS GROUP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MIDLAND FIXINGS GROUP LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
100
100
Current assets
Debtors
4
569,550
440,897
Cash at bank and in hand
409,205
463,481
978,755
904,378
Creditors: amounts falling due within one year
5
(176,888)
(174,908)
Net current assets
801,867
729,470
Net assets
801,967
729,570
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
801,867
729,470
Total equity
801,967
729,570
The notes on pages 2 to 4 form part of these financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
A M Fowler
Director
Company registration number 09421739 (England and Wales)
MIDLAND FIXINGS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Midland Fixings Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Parrs, Lilac Grove, Beeston, Nottingham, NG9 1PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements contain information about Midland Fixings Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, MF Group Holdings Ltd, The Parrs, Lilac Grove, Beeston, Nottinghamshire, NG9 1PJ.
1.2
Turnover
Revenue is measured at the fair value of the consideration received or receivable from the provision of services which fall within the company's activities and is shown after discounts and net of VAT. Revenue is recognised upon delivery of the service.
1.3
Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Full provision is made for deferred tax assets and liabilities arising from timing difference between the recognition of gains and losses in the accounts and their recognition for tax purposes.
1.5
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.
MIDLAND FIXINGS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
100
100
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
569,550
440,897
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
148,900
148,900
Taxation and social security
24,801
22,821
Other creditors
3,187
3,187
176,888
174,908
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
The auditor's report is unqualified and includes the following:
MIDLAND FIXINGS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Audit report information
(Continued)
- 4 -
Opinion
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Senior Statutory Auditor:
Sara Dawson
Statutory Auditor:
Taylor Dawson Plumb Limited
Date of audit report:
29 May 2025
8
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries.
9
Ultimate parent undertaking
The ultimate parent company is MF Group Holdings Ltd (registered in England and Wales). MF Group
Holdings Ltd is controlled by the directors by virtue of their shareholdings. A copy of the parent company's consolidated financial statements can be obtained from Companies House, Crown Way, Maindy, Cardiff CF4 3UZ.
Both the ultimate parent company and Midland Fixings Group Limited have the same registered office address as noted in note 1, company information.