REGISTERED NUMBER: 06074719 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Midco Toys Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Middleton

SECRETARY:

N J Middleton

REGISTERED OFFICE:

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

REGISTERED NUMBER:

06074719 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,416

45,072

41,416

45,072

CURRENT ASSETS

Stocks

701,067

580,629

Debtors

6

110,689

85,129

Cash at bank and in hand

106,225

32,459

917,981

698,217

CREDITORS

Amounts falling due within one year

7

643,241

457,256

NET CURRENT ASSETS

274,740

240,961

TOTAL ASSETS LESS CURRENT LIABILITIES

316,156

286,033

CREDITORS

Amounts falling due after more than one year

8

(47,758

)

(12,303

)

PROVISIONS FOR LIABILITIES

(10,353

)

(10,366

)

NET ASSETS

258,045

263,364

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

257,945

263,264

SHAREHOLDERS' FUNDS

258,045

263,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 November 2025 and were signed by:

D A Middleton - Director

1.	STATUTORY INFORMATION

Midco Toys Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided

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

Fixtures and fittings - 25% on a reducing balance basis

Motor vehicles - 25% on a reducing balance basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or 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 or the lease term, whichever is the shorter.

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

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

22,500

AMORTISATION

At 1 April 2024

and 31 March 2025

22,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

85,592

Additions

8,691

At 31 March 2025

94,283

DEPRECIATION

At 1 April 2024

40,520

Charge for year

12,347

At 31 March 2025

52,867

NET BOOK VALUE

At 31 March 2025

41,416

At 31 March 2024

45,072

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

36,972

Transfer to ownership

(36,972

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

9,820

Transfer to ownership

(9,820

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

27,152

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

62,435

55,850

Other debtors

48,254

29,279

110,689

85,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

27,619

10,545

Hire purchase contracts (see note 9)

-

19,010

Trade creditors

337,519

384,670

Taxation and social security

8,755

35,706

Other creditors

269,348

7,325

643,241

457,256

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

47,758

12,303

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

-

19,010

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

22,917

25,000

Between one and five years

196,000

22,917

218,917

47,917

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D A Middleton

Balance outstanding at start of year

4,520

-

Amounts advanced

5,667

4,520

Amounts repaid

(18,081

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,894

)

4,520

The overdrawn balance was repaid in full on 14th June 2024.