MIDD Electrical Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: NI631207

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,044		16,832

			15,044		16,832
CURRENT ASSETS
Stocks		33,200		89,685
Debtors		582,242		274,650
Cash at bank and in hand		448,710		754,584

		1,064,152		1,118,919
Creditors: Amounts Falling Due Within One Year		(95,218 )		(110,596 )

NET CURRENT ASSETS (LIABILITIES)			968,934		1,008,323

TOTAL ASSETS LESS CURRENT LIABILITIES			983,978		1,025,155

PROVISIONS FOR LIABILITIES
Deferred Taxation	5		(2,858 )		-

NET ASSETS			981,120		1,025,155

CAPITAL AND RESERVES
Called up share capital	7		8		8
Profit and Loss Account			981,112		1,025,147

SHAREHOLDERS' FUNDS			981,120		1,025,155

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MIDD Electrical Ltd

Abridged Balance Sheet (continued)

As At 30 June 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 21 March 2026 and were signed on its behalf by:

Mr Daniel Gormley Director	Mr Dermot Mullan Director
21/03/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MIDD Electrical Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI631207 . The registered office is 17 Carrickayne Road, Claudy, Co. Derry, BT47 4JW.

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.

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

The principal accounting policies adopted in the preparation of these financial statements are set out below and have remained unchanged from the previous year, and have been consistently applied throughout the year.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover is recognised when, and to the extent that, the company obtains the right to consideration in exchange for its performance.

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:

Plant & Machinery

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 within ‘administrative expenses’ in the profit and loss account.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, using the first in first out method. Cost comprises materials, direct wages and other direct costs relevant to the stage of completion of work in progress. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stocks to completion and disposal.

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to or from related parties which are recognised at transaction price. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at fair value (present value of the future cash flows, including transaction costs) and subsequently at amortised cost using the effective interest method.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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MIDD Electrical Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 June 2025

2.7. Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

2.8. Cash at bank and in hand

Cash at bank and in hand includes cash on hand, demand deposits and other term highly liquid investments regardless of maturity. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

2.9. Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10. Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Total
	£
Cost
As at 1 July 2024	79,862
Additions	3,227

As at 30 June 2025	83,089

Depreciation
As at 1 July 2024	63,030
Provided during the period	5,015

As at 30 June 2025	68,045

Net Book Value
As at 30 June 2025	15,044

As at 1 July 2024	16,832

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MIDD Electrical Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 June 2025

5. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	2,858	-

6. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2024	(4,648 )	(4,648)
Additions	7,506	7,506

Balance at 30 June 2025	2,858	2,858

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	8	8

8. Contingent Liabilities

There were no contingent liabilities at the balance sheet date (2024: none).

9. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	90,000	45,000

10. Related Party Transactions

By virtue of the shareholdings in the company, there is no ultimate controlling party.

The directors’ loans bear interest at an annual rate of 2.25% charged monthly in arrears. The loans are unsecured and are repayable on demand.

Transactions with related parties are as follows:

Amount of transaction Amount owed to/(by)

related party

Name of related party Nature of 2025 2024 2025 2024

(relationship) Transaction £ £ £ £

Director Expenses paid and dividends 45,094 (3,305) 45,241 147

Loan - - (80,000) (80,000)

Director Expenses paid and dividends 45,195 (3,305) 45,241 46

Loan - - (80,000) (80,000)

__________________________________________________________________________________________________________

All transactions were made at arms length.

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