REGISTERED NUMBER: 03857880 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

MIDLAND COMPUTERS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I J Cox

Mrs A Davies

A Miller

REGISTERED OFFICE:

Unit 4

Sovereign Park

Halesfield 24

Telford

Shropshire

TF7 4NS

REGISTERED NUMBER:

03857880 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

67,955

Tangible assets

4

36,691

CURRENT ASSETS

58,688

Stocks

48,541

731,139

Debtors

5

1,232,927

1,167,968

Cash at bank and in hand

29,334

1,957,795

1,310,802

CREDITORS

964,242

Amounts falling due within one year

6

1,186,102

993,553

NET CURRENT ASSETS

124,700

1,061,508

TOTAL ASSETS LESS CURRENT LIABILITIES

161,391

10,412

PROVISIONS FOR LIABILITIES

3,014

1,051,096

NET ASSETS

158,377

CAPITAL AND RESERVES

8,000

Called up share capital

8,000

21,240

Share premium

21,240

18,000

Capital redemption reserve

18,000

1,003,856

Retained earnings

111,137

1,051,096

SHAREHOLDERS' FUNDS

158,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

Mrs A Davies - Director

1.	STATUTORY INFORMATION

Midland Computers 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 and services excluding value added tax.

Tangible fixed assets

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

Leasehold improvements

-

33% on cost and 10% on cost

Plant and machinery etc

-

50% on cost, 25% on cost and 20% on cost

Assets are depreciated from the date they are brought into use.

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 Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 contributes to defined contribution pension schemes. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Leasehold

machinery

Totals

improvements

etc

£

£

£

COST

At 1st October 2024

536,669

148,072

388,597

Additions

26,259

-

26,259

Disposals

(37,854

)

-

(37,854

)

At 30th September 2025

525,074

148,072

377,002

DEPRECIATION

At 1st October 2024

468,714

146,432

322,282

Charge for year

38,597

380

38,217

Eliminated on disposal

(18,928

)

-

(18,928

)

At 30th September 2025

488,383

146,812

341,571

NET BOOK VALUE

At 30th September 2025

36,691

1,260

35,431

At 30th September 2024

67,955

1,640

66,315

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

859,352

679,099

Amounts owed by group undertakings

339,815

-

Other debtors

33,760

52,040

1,232,927

731,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

397,856

296,407

Taxation and social security

319,453

172,308

Other creditors

468,793

495,527

1,186,102

964,242

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Other creditors

315,193

314,795

There is a fixed and floating charge in favour of RSB Invoice finance dated 1 August 2024.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Midland Computers Holdings Ltd by virtue of its majority shareholding.

Mrs A Davies is considered the ultimate controlling party of the company by virtue of her

majority share holding in Midland Computers Holdings Ltd.