Company registration number 04015676 (England and Wales)
MIDLAND WORKSHOP SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MIDLAND WORKSHOP SUPPLIES LIMITED
COMPANY INFORMATION
Directors
Mr W Woodward
Mrs E K Woodward
Mr R Woodward
Secretary
Mr W Woodward
Company number
04015676
Registered office
Unit 1 Two Woods Trading Estate
Talbots Lane
Brierley Hill
West Midlands
DY5 2YX
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
MIDLAND WORKSHOP SUPPLIES LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 8
MIDLAND WORKSHOP SUPPLIES LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF MIDLAND WORKSHOP SUPPLIES LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Midland Workshop Supplies Limited for the year ended 30 June 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/rulebook.html.

This report is made solely to the b oard of d irectors of Midland Workshop Supplies Limited, as a body, in accordance with the terms of our engagement letter dated 17 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Midland Workshop Supplies Limited and state those matters that we have agreed to state to the b oard of d irectors of Midland Workshop Supplies Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-audit-exempt-companies-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midland Workshop Supplies Limited and its b oard of d irectors as a body for our work or for this report.

It is your duty to ensure that Midland Workshop Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Midland Workshop Supplies Limited. You consider that Midland Workshop Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Midland Workshop Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
15 January 2026
MIDLAND WORKSHOP SUPPLIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
16,657
25,127
Investments
5
100
100
16,757
25,227
Current assets
Stocks
6
52,409
50,628
Debtors
7
64,099
62,755
Cash at bank and in hand
164,953
132,813
281,461
246,196
Creditors: amounts falling due within one year
8
(71,492)
(64,795)
Net current assets
209,969
181,401
Total assets less current liabilities
226,726
206,628
Creditors: amounts falling due after more than one year
9
(50,000)
(50,000)
Provisions for liabilities
(4,164)
(6,282)
Net assets
172,562
150,346
Capital and reserves
Called up share capital
11
100
100
Profit and loss reserves
172,462
150,246
Total equity
172,562
150,346

The notes on pages 4 to 8 form part of these financial statements.

MIDLAND WORKSHOP SUPPLIES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 3 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 January 2026 and are signed on its behalf by:
Mr W Woodward
Director
Company registration number 04015676 (England and Wales)
MIDLAND WORKSHOP SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Midland Workshop Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Two Woods Trading Estate, Talbots Lane, Brierley Hill, West Midlands, DY5 2YX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Intangible fixed assets - goodwill

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.

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

1.4
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any

accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the

asset to the location and condition necessary for it to be capable of operating in the manner intended by

management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item

when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the

Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged as to allocate the cost of the assets less their residual value over their estimated useful lives.

Depreciation and Amortisation is provided on the following basis:

Goodwill - 5% straight line

Fixtures and fittings - 15% straight line

Motor vehicles - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised in the Income Statement.

MIDLAND WORKSHOP SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

1.6
Stocks

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

1.7
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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

1.8
Employee benefits

P ension 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
4
MIDLAND WORKSHOP SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
43,234
Amortisation and impairment
At 1 July 2024 and 30 June 2025
43,234
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2024 and 30 June 2025
18,337
54,295
72,632
Depreciation and impairment
At 1 July 2024
16,789
30,716
47,505
Depreciation charged in the year
822
7,648
8,470
At 30 June 2025
17,611
38,364
55,975
Carrying amount
At 30 June 2025
726
15,931
16,657
At 30 June 2024
1,548
23,579
25,127
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
6
Stocks
2025
2024
£
£
Stocks
52,409
50,628
MIDLAND WORKSHOP SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
60,267
59,140
Other debtors
3,832
3,615
64,099
62,755
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
28,890
21,151
Corporation tax
15,620
8,077
Other taxation and social security
16,488
16,451
Other creditors
8,129
16,751
Accruals and deferred income
2,365
2,365
71,492
64,795
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
50,000
50,000
10
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
4,164
6,282
2025
Movements in the year:
£
Liability at 1 July 2024
6,282
Credit to profit or loss
(2,118)
Liability at 30 June 2025
4,164
MIDLAND WORKSHOP SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
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