REGISTERED NUMBER: 09549753 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Midland Sealants and Tools Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L P Howen

Mrs J M Howen

SECRETARY:

Mrs J M Howen

REGISTERED OFFICE:

25 Sunbury Road

Halesowen

West Midlands

B63 4DH

REGISTERED NUMBER:

09549753 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Tangible assets

4

176,950

177,299

CURRENT ASSETS

Stocks

66,225

85,320

Debtors

5

223,762

92,716

Cash at bank

404,384

402,274

694,371

580,310

CREDITORS

Amounts falling due within one year

6

144,794

119,534

NET CURRENT ASSETS

549,577

460,776

TOTAL ASSETS LESS CURRENT LIABILITIES

726,527

638,075

PROVISIONS FOR LIABILITIES

7

175

262

NET ASSETS

726,352

637,813

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

726,252

637,713

SHAREHOLDERS' FUNDS

726,352

637,813

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 December 2025 and were signed on its behalf by:

L P Howen - Director

Mrs J M Howen - Director

1.	STATUTORY INFORMATION

Midland Sealants and Tools Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

None

Office equipment

-

33% on reducing balance

Freehold property revaluation on an open market basis has been considered by the directors. The company has a policy of regular maintenance and repair, so that the asset maintains its standards. The directors consider that there has been no movement in the freehold property valuation.

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.

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 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.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

No depreciation or amortisation is provided in respect of investment property. This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of fixed assets. However, the investment property is not held for consumption but for investment and the members consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Office

property

equipment

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

176,252

1,571

177,823

DEPRECIATION

At 1 May 2024

-

524

524

Charge for year

-

349

349

At 30 April 2025

-

873

873

NET BOOK VALUE

At 30 April 2025

176,252

698

176,950

At 30 April 2024

176,252

1,047

177,299

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

223,762

92,716

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Taxation and social security

72,737

65,392

Other creditors

72,057

54,142

144,794

119,534

7.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

175

262

Deferred

tax

£

Balance at 1 May 2024

262

Provided during year

(87

)

Balance at 30 April 2025

175

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of its director, Mr L Howen, as he owns the majority of the issued share capital.