REGISTERED NUMBER: 01444930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MIDLAND FIXING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs D S Feighan

E S Hickey

REGISTERED OFFICE:

Unit 21 Bordesley Green Trading Estate

Bordesley Green Road

Birmingham

B8 1BZ

REGISTERED NUMBER:

01444930 (England and Wales)

ACCOUNTANTS:

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

FIXED ASSETS

Tangible assets

4

5,154

13,735

CURRENT ASSETS

Stocks

98,160

131,486

Debtors

5

360,537

442,461

Prepayments and accrued income

18,564

12,084

Cash at bank

52,617

86,273

529,878

672,304

CREDITORS

Amounts falling due within one year

6

390,303

462,527

NET CURRENT ASSETS

139,575

209,777

TOTAL ASSETS LESS CURRENT LIABILITIES

144,729

223,512

CREDITORS

Amounts falling due after more than one year

7

-

18,153

NET ASSETS

144,729

205,359

CAPITAL AND RESERVES

Called up share capital

2,042

2,042

Share premium

9

77,001

77,001

Capital redemption reserve

9

3,407

3,407

Retained earnings

9

62,279

122,909

SHAREHOLDERS' FUNDS

144,729

205,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

Mrs D S Feighan - Director

1.	STATUTORY INFORMATION

Midland Fixing Services 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.

Plant and machinery etc

-

33% on cost

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.

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.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

159,178

Additions

1,232

At 31 December 2024

160,410

DEPRECIATION

At 1 January 2024

145,443

Charge for year

9,813

At 31 December 2024

155,256

NET BOOK VALUE

At 31 December 2024

5,154

At 31 December 2023

13,735

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

360,537

442,461

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

-

6,000

Finance leases (see note 8)

9,481

24,701

Trade creditors

320,037

260,205

Taxation and social security

25,397

48,436

Other creditors

35,388

123,185

390,303

462,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

-

8,017

Finance leases (see note 8)

-

10,136

-

18,153

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31/12/24

31/12/23

£

£

Net obligations repayable:

Within one year

9,481

24,701

Between one and five years

-

10,136

9,481

34,837

Non-cancellable

operating leases

31/12/24

31/12/23

£

£

Within one year

18,151

70,716

Between one and five years

12,405

24,406

30,556

95,122

9.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

122,909

77,001

3,407

203,317

Profit for the year

63,370

63,370

Dividends

(124,000

)

(124,000

)

At 31 December 2024

62,279

77,001

3,407

142,687

No dividends have been paid since 31 December 2024. The directors do not intend to declare or pay any dividends in the foreseeable future.

10.	CONTROLLING PARTY

The company is controlled by Mr E S Hickey and Mrs D S Feighan..

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bytheway & Co Accountants Ltd

23 Bilston Street

Sedgley

Dudley

West Midlands

DY3 1JA

8 August 2025