REGISTERED NUMBER: 04056763 (England and Wales)

Abridged Financial Statements for the Year Ended 31st December 2024

for

Midwest Landscaping Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Pitt

Mrs R J Pitt

R J Kite

SECRETARY:

Mrs R J Pitt

REGISTERED OFFICE:

Weir Lane

Worcester

Worcestershire

WR2 4AY

REGISTERED NUMBER:

04056763 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

BANKERS:

Natwest Bank Plc

Worcester Business Centre

1 The Cross

Worcester

WR1 3PR

FIXED ASSETS

Tangible assets

4

605,165

647,055

CURRENT ASSETS

Stocks

81,888

76,658

Debtors

1,052,030

1,014,183

Cash at bank and in hand

466,191

623,646

1,600,109

1,714,487

CREDITORS

Amounts falling due within one year

642,278

856,505

NET CURRENT ASSETS

957,831

857,982

TOTAL ASSETS LESS CURRENT LIABILITIES

1,562,996

1,505,037

CREDITORS

Amounts falling due after more than one year

(18,311

)

(49,321

)

PROVISIONS FOR LIABILITIES

(77,597

)

(66,568

)

NET ASSETS

1,467,088

1,389,148

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,466,888

1,388,948

SHAREHOLDERS' FUNDS

1,467,088

1,389,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

S D Pitt - Director

Mrs R J Pitt - Director

1.	STATUTORY INFORMATION

Midwest Landscaping 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.

Turnover from the provision of services is recognised by reference to the stage of completion.

TANGIBLE FIXED ASSETS

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

Long leasehold

-

not provided

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Leasehold property is not depreciated on the basis that its residual value is not expected to be materially different from its historical cost and therefore any depreciation would be immaterial.

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 Statement of Income and Retained Earnings, 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.

PENSION COSTS

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.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic Financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.

HIRE PURCHASE CONTRACTS

Assets obtained under the hire purchase contracts of finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives of the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

OPERATING LEASES

Rents paid under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

1,301,037

Additions

40,226

Disposals

(39,925

)

At 31st December 2024

1,301,338

DEPRECIATION

At 1st January 2024

653,982

Charge for year

76,511

Eliminated on disposal

(34,320

)

At 31st December 2024

696,173

NET BOOK VALUE

At 31st December 2024

605,165

At 31st December 2023

647,055

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

40,592

Hire purchase contracts

25,459

32,367

25,459

72,959

Bank loans are secured by way of legal charges over the leasehold property and fixed and floating charges over all assets and undertakings of the company.

6.	OFF-BALANCE SHEET ARRANGEMENTS

The company operates under operating leases both commercial vehicles and company cars.