Midland Automation Technology Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 02820050

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,843		5,363

			3,843		5,363
CURRENT ASSETS
Debtors	5	34,561		36,918
Cash at bank and in hand		10,438		13,583

		44,999		50,501
Creditors: Amounts Falling Due Within One Year	6	(37,211 )		(35,397 )

NET CURRENT ASSETS (LIABILITIES)			7,788		15,104

TOTAL ASSETS LESS CURRENT LIABILITIES			11,631		20,467

NET ASSETS			11,631		20,467

CAPITAL AND RESERVES
Called up share capital	7		3		3
Profit and Loss Account			11,628		20,464

SHAREHOLDERS' FUNDS			11,631		20,467

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Peter Francis

Director

08/08/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Midland Automation Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02820050 . The registered office is KINGSWAY HOUSE, 40 FOREGATE STREET, WORCESTER, WR1 1EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The company has incurred losses during the year and at the balance sheet date is in a negative equity position.

The director has reviewed the company’s cash flow forecasts and financial position and acknowledges that, without support, there may be uncertainty regarding the company’s ability to continue as a going concern. However, the director has confirmed that they will provide financial support to the company for a period of at least 12 months from the date of approval of these financial statements.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33.33% Straight Line

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Midland Automation Technology Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2024	5,150	20,088	7,524	32,762
Disposals	(2,767 )	-	-	(2,767 )

As at 31 May 2025	2,383	20,088	7,524	29,995

Depreciation
As at 1 June 2024	4,442	15,880	7,077	27,399
Provided during the period	94	842	250	1,186
Disposals	(2,433 )	-	-	(2,433 )

As at 31 May 2025	2,103	16,722	7,327	26,152

Net Book Value
As at 31 May 2025	280	3,366	197	3,843

As at 1 June 2024	708	4,208	447	5,363

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	2,040
Other debtors	1,366	34,878

	1,366	36,918
Due after more than one year
Other debtors	33,195	-

	34,561	36,918

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	140	-
Other creditors	37,071	35,397

	37,211	35,397

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Midland Automation Technology Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

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