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REGISTERED NUMBER: 08759519 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 October 2024

for

Midland County Construction Ltd

Midland County Construction Ltd (Registered number: 08759519)






Contents of the Financial Statements
for the Year Ended 30 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Midland County Construction Ltd

Company Information
for the Year Ended 30 October 2024







DIRECTOR: Mrs K L M Toulson





REGISTERED OFFICE: 12 Reedspire
Commercial Way
Sleaford
Lincolnshire
NG34 8GL





REGISTERED NUMBER: 08759519 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Midland County Construction Ltd (Registered number: 08759519)

Balance Sheet
30 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,880 67,251
55,880 67,251

CURRENT ASSETS
Debtors 6 839,189 795,638
Cash at bank 33,206 123,080
872,395 918,718
CREDITORS
Amounts falling due within one year 7 535,770 593,962
NET CURRENT ASSETS 336,625 324,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,505

392,007

CREDITORS
Amounts falling due after more than one
year

8

(14,175

)

(27,389

)

PROVISIONS FOR LIABILITIES (8,725 ) (11,061 )
NET ASSETS 369,605 353,557

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 368,605 352,557
SHAREHOLDERS' FUNDS 369,605 353,557

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

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

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





Mrs K L M Toulson - Director


Midland County Construction Ltd (Registered number: 08759519)

Notes to the Financial Statements
for the Year Ended 30 October 2024

1. STATUTORY INFORMATION

Midland County Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill relates to the purchase of building contracts from a company which is no longer solvent. The cost of goodwill is being amortised over its life of 6 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Midland County Construction Ltd (Registered number: 08759519)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 October 2023
and 30 October 2024 3,000
AMORTISATION
At 31 October 2023
and 30 October 2024 3,000
NET BOOK VALUE
At 30 October 2024 -
At 30 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 October 2023 10,647 146,576 157,223
Additions - 6,995 6,995
At 30 October 2024 10,647 153,571 164,218
DEPRECIATION
At 31 October 2023 6,275 83,697 89,972
Charge for year 875 17,491 18,366
At 30 October 2024 7,150 101,188 108,338
NET BOOK VALUE
At 30 October 2024 3,497 52,383 55,880
At 30 October 2023 4,372 62,879 67,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 696,920 640,789
Amounts owed by group undertakings 51,742 24,742
Other debtors 90,527 130,107
839,189 795,638

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,352 10,911
Hire purchase contracts 3,798 4,688
Trade creditors 126,647 200,081
Amounts owed to group undertakings 112,053 128,446
Taxation and social security 273,699 241,347
Other creditors 9,221 8,489
535,770 593,962

Included within 'Amounts owed to group undertakings' is an amount owed of £112,053 [2023: £128,446] from Toulson Carpentry & Joinery Ltd, a company in which the majority shareholder, Mrs K Toulson is a director and shareholder.

Midland County Construction Ltd (Registered number: 08759519)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,322 16,739
Hire purchase contracts 6,853 10,650
14,175 27,389

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling part is Mrs K Toulson.