Registered number
14764170
Midland Contractors Limited
Filleted Accounts
31 March 2025
Midland Contractors Limited
Registered number: 14764170
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 56,928 71,160
56,928 71,160
Current assets
Cash at bank and in hand 161,142 4,028
161,142 4,028
Creditors: amounts falling due within one year 5 (34,893) (3,280)
Net current assets 126,249 748
Total assets less current liabilities 183,177 71,908
Creditors: amounts falling due after more than one year 10 (93,831) (93,831)
Net assets/(liabilities) 89,346 (21,923)
Capital and reserves
Called up share capital 100 100
Profit and loss account 89,246 (22,023)
Shareholders' funds 89,346 (21,923)
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.
Arjun Singh
Director
Approved by the board on 26 June 2025
Midland Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 -
Additions -
Disposals -
At 31 March 2025 -
Amortisation
At 1 April 2024 -
Provided during the year -
On disposals -
At 31 March 2025 -
Net book value
At 31 March 2025 -
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 - 75,000 13,950 88,950
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2025 - 75,000 13,950 88,950
Depreciation
At 1 April 2024 - 15,000 2,790 17,790
Charge for the year - 12,000 2,232 14,232
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2025 - 27,000 5,022 32,022
Net book value
At 31 March 2025 - 48,000 8,928 56,928
At 31 March 2024 - 60,000 11,160 71,160
Freehold land and buildings: 2025 2024
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
5 Creditors: amounts falling due within one year 2025 2024
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 34,443 2,830
Other creditors 450 450
34,893 3,280
10 Creditors: amounts falling due after one year 2025 2024
£ £
Non-equity preference shares - -
Bank loans 93,831 93,831
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
93,831 93,831
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