Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07225992 Mr Hukam Atti iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07225992 2024-03-31 07225992 2025-03-31 07225992 2024-04-01 2025-03-31 07225992 frs-core:CurrentFinancialInstruments 2025-03-31 07225992 frs-core:Non-currentFinancialInstruments 2025-03-31 07225992 frs-core:ComputerEquipment 2025-03-31 07225992 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07225992 frs-core:ComputerEquipment 2024-03-31 07225992 frs-core:FurnitureFittings 2025-03-31 07225992 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07225992 frs-core:FurnitureFittings 2024-03-31 07225992 frs-core:MotorVehicles 2025-03-31 07225992 frs-core:MotorVehicles 2024-04-01 2025-03-31 07225992 frs-core:MotorVehicles 2024-03-31 07225992 frs-core:ShareCapital 2025-03-31 07225992 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07225992 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07225992 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07225992 frs-bus:SmallEntities 2024-04-01 2025-03-31 07225992 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07225992 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07225992 frs-bus:Director1 2024-04-01 2025-03-31 07225992 frs-countries:EnglandWales 2024-04-01 2025-03-31 07225992 2023-03-31 07225992 2024-03-31 07225992 2023-04-01 2024-03-31 07225992 frs-core:CurrentFinancialInstruments 2024-03-31 07225992 frs-core:Non-currentFinancialInstruments 2024-03-31 07225992 frs-core:ShareCapital 2024-03-31 07225992 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07225992
Midland Van Hire Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07225992
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,539 26,572
22,539 26,572
CURRENT ASSETS
Stocks 5 196,217 163,972
Debtors 6 12,436 61,450
Investments 7 18,125 -
Cash at bank and in hand 98,302 -
325,080 225,422
Creditors: Amounts Falling Due Within One Year 8 (212,408 ) (211,956 )
NET CURRENT ASSETS (LIABILITIES) 112,672 13,466
TOTAL ASSETS LESS CURRENT LIABILITIES 135,211 40,038
Creditors: Amounts Falling Due After More Than One Year 9 (23,839 ) (29,386 )
NET ASSETS 111,372 10,652
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 111,370 10,650
SHAREHOLDERS' FUNDS 111,372 10,652
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Hukam Atti
Director
22/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Midland Van Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07225992 . The registered office is 1 Broad Lane, Wolverhampton, WV3 9BJ.
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. 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.
2.3. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 157,233 - 6,358 163,591
Additions - 2,590 848 3,438
As at 31 March 2025 157,233 2,590 7,206 167,029
Depreciation
As at 1 April 2024 130,811 - 6,208 137,019
Provided during the period 6,606 432 433 7,471
As at 31 March 2025 137,417 432 6,641 144,490
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 19,816 2,158 565 22,539
As at 1 April 2024 26,422 - 150 26,572
5. Stocks
2025 2024
£ £
Stock 196,217 163,972
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,436 61,450
Other debtors 5,000 -
12,436 61,450
7. Current Asset Investments
2025 2024
£ £
Short term deposits 18,125 -
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 77,823 56,126
Bank loans and overdrafts 5,535 23,205
Other creditors 112,800 115,098
Taxation and social security 16,250 17,527
212,408 211,956
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,839 29,386
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4