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REGISTERED NUMBER: 01945414 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Midland Fittings Limited

Midland Fittings Limited (Registered number: 01945414)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Midland Fittings Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: H M J A Delcorte





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 01945414 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Midland Fittings Limited (Registered number: 01945414)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,394 10,135

CURRENT ASSETS
Stocks 385,846 426,708
Debtors 5 229,137 317,823
Cash at bank and in hand 114,874 117,571
729,857 862,102
CREDITORS
Amounts falling due within one year 6 453,598 556,048
NET CURRENT ASSETS 276,259 306,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,653

316,189

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 292,553 316,089
SHAREHOLDERS' FUNDS 292,653 316,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 4 June 2025 and were signed by:





H M J A Delcorte - Director


Midland Fittings Limited (Registered number: 01945414)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Midland Fittings Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

Midland Fittings Limited (Registered number: 01945414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2024 24,595 1,500 38,531
Additions - - -
Disposals - - -
At 31 March 2025 24,595 1,500 38,531
DEPRECIATION
At 1 April 2024 24,595 1,500 34,385
Charge for year - - 623
Eliminated on disposal - - -
At 31 March 2025 24,595 1,500 35,008
NET BOOK VALUE
At 31 March 2025 - - 3,523
At 31 March 2024 - - 4,146

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 1,200 79,457 145,283
Additions 8,995 891 9,886
Disposals (1,200 ) - (1,200 )
At 31 March 2025 8,995 80,348 153,969
DEPRECIATION
At 1 April 2024 1,200 73,468 135,148
Charge for year 2,249 755 3,627
Eliminated on disposal (1,200 ) - (1,200 )
At 31 March 2025 2,249 74,223 137,575
NET BOOK VALUE
At 31 March 2025 6,746 6,125 16,394
At 31 March 2024 - 5,989 10,135

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 211,149 308,685
Other debtors 17,988 9,138
229,137 317,823

Midland Fittings Limited (Registered number: 01945414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 369,950 457,553
Taxation and social security 27,492 44,933
Other creditors 56,156 53,562
453,598 556,048