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Company Registration No. 14779739 (England and Wales)
Midland Fabrication Ltd Unaudited accounts for the year ended 30 April 2025
Midland Fabrication Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Midland Fabrication Ltd Company Information for the year ended 30 April 2025
Director
W L Phelps
Company Number
14779739 (England and Wales)
Registered Office
6 Grendon Road Polesworth Tamworth B78 1HB England
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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Midland Fabrication Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,977
2,217
Current assets
Debtors
5
7,128
458
Cash at bank and in hand
3,427
3,432
10,555
3,890
Creditors: amounts falling due within one year
6
(13,648)
(2,784)
Net current (liabilities)/assets
(3,093)
1,106
Net assets
7,884
3,323
Capital and reserves
Called up share capital
1
1
Profit and loss account
7,883
3,322
Shareholders' funds
7,884
3,323
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2025 and were signed on its behalf by
W L Phelps Director Company Registration No. 14779739
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Midland Fabrication Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Midland Fabrication Ltd is a private company, limited by shares, registered in England and Wales, registration number 14779739. The registered office is 6 Grendon Road, Polesworth, Tamworth, B78 1HB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Computer equipment
Over three years
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
1,889
917
2,806
Additions
10,098
1,083
11,181
At 30 April 2025
11,987
2,000
13,987
Depreciation
At 1 May 2024
283
306
589
Charge for the year
1,755
666
2,421
At 30 April 2025
2,038
972
3,010
Net book value
At 30 April 2025
9,949
1,028
10,977
At 30 April 2024
1,606
611
2,217
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Midland Fabrication Ltd Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
127
-
Trade debtors
6,371
458
Other debtors
630
-
7,128
458
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,237
-
VAT
-
1,288
Taxes and social security
-
494
Loans from directors
7,711
402
Accruals
700
600
13,648
2,784
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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