Midway Transitional Solutions Ltd

	Page
Company Information	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—6

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Abridged Balance Sheet

As At 31 March 2025

Abridged Balance Sheet

Registered number: 09707577

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		320,626		330,595

			320,626		330,595
CURRENT ASSETS
Debtors		695,684		536,243
Cash at bank and in hand		1,095,641		1,011,744

		1,791,325		1,547,987
Creditors: Amounts Falling Due Within One Year		(506,048 )		(322,462 )

NET CURRENT ASSETS (LIABILITIES)			1,285,277		1,225,525

TOTAL ASSETS LESS CURRENT LIABILITIES			1,605,903		1,556,120

NET ASSETS			1,605,903		1,556,120

CAPITAL AND RESERVES
Called up share capital	5		100		100
Capital redemption reserve			500		500
Fair value reserve			20,000		-
Profit and Loss Account			1,585,303		1,555,520

SHAREHOLDERS' FUNDS			1,605,903		1,556,120

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Midway Transitional Solutions Ltd

Abridged Balance Sheet (continued)

As At 31 March 2025

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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 22 December 2025 and were signed on its behalf by:

Mr J J Glynn Director	Mr S Williams Director	Mr P M Scarfi Director
Mr M P Powell Director
22 December 2025

The notes on pages 4 to 6 form part of these financial statements.

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Midway Transitional Solutions Ltd

Notes to the Abridged Financial Statements

For The Year Ended 31 March 2025

Notes to the Abridged Financial Statements

1. General Information

Midway Transitional Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09707577 . The registered office is L5, L6 & R6 Hazel Suite, First Floor C North Caerleon House, Mamhilad Park Estate, Pontypool, NP4 0HZ.

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. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods

2.3. 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.

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.

2.4. 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:

Freehold	No depreciation
Leasehold	3 years straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Midway Transitional Solutions Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 92 (2024: 68)

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 April 2024	434,170
Additions	15,429
Disposals	(19,239 )
Revaluation	20,000

As at 31 March 2025	450,360

Depreciation
As at 1 April 2024	103,575
Provided during the period	36,744
Disposals	(10,585 )

As at 31 March 2025	129,734

Net Book Value
As at 31 March 2025	320,626

As at 1 April 2024	330,595

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Midway Transitional Solutions Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

6. Audit Information

The auditor's report on the accounts of Midway Transitional Solutions Ltd for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Mr Andrew Hill FCCA ACA DchA BFP (Senior Statutory Auditor) for and on behalf of HSJ Audit Limited , Statutory Auditor.

HSJ Audit Limited

Severn House

Hazell Drive

Newport

NP10 8FY

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Directors	Mr J J Glynn
	Mr S Williams
	Mr P M Scarfi
	Mr M P Powell

Company Number	09707577

Registered Office	L5, L6 & R6 Hazel Suite
	First Floor C North Caerleon House
	Mamhilad Park Estate
	Pontypool
	NP4 0HZ

Auditors	HSJ Audit Limited
	Severn House
	Hazell Drive
	Newport
	NP10 8FY