Midnight Parrot Ltd - Filleted accounts

Registered number

14245152

Midnight Parrot Ltd

Filleted Accounts

30 June 2025

Midnight Parrot Ltd
Registered number:		14245152
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		39,561			2,374

Current assets
Debtors	4	18,519			23,427
Cash at bank and in hand		83,803			147,156
		102,322			170,583

Creditors: amounts falling due within one year	5	(24,525)			(72,250)

Net current assets			77,797			98,333

Total assets less current liabilities			117,358			100,707


Provisions for liabilities - deferred tax			(7,506)			(576)


Net assets			109,852			100,131

Capital and reserves
Called up share capital			2			2
Profit and loss account			109,850			100,129

Shareholder's funds			109,852			100,131

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Shyam Popat
Director
Approved by the board on 4 December 2025

Midnight Parrot Ltd
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office furniture and equipment	over 5 years
	Motor vehicles	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Office furniture and equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	3,421		-		3,421
	Additions	1,841		45,498		47,339
	At 30 June 2025	5,262		45,498		50,760

	Depreciation
	At 1 July 2024	1,047		-		1,047
	Charge for the year	1,052		9,100		10,152
	At 30 June 2025	2,099		9,100		11,199

	Net book value
	At 30 June 2025	3,163		36,398		39,561
	At 30 June 2024	2,374		-		2,374


4	Debtors			2025		2024
£					£

	Trade debtors			18,519		12,658
	Other debtors			-		10,769
				18,519		23,427


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			5,213		68,809
	Director's current account			15,928		-
	Accruals			3,384		3,441
				24,525		72,250


6	Controlling party

	Shyam Popat and his wife are jointly the controlling party as they own 100% of the shares in the
	Company


7	Other information

	Midnight Parrot Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	41 Cassiobury Road
	London
	E17 7JD