REGISTERED NUMBER: 05954775 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Mid - Way Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Wardell

D Wardell

SECRETARY:

D Wardell

REGISTERED OFFICE:

Meritor House

Foley Street

Sheffield

South Yorkshire

S4 7YW

REGISTERED NUMBER:

05954775 (England and Wales)

ACCOUNTANTS:

Miss D E Parkin

5 Austin Close

Loxley

Sheffield

South Yorkshire

S6 6QD

FIXED ASSETS

Tangible assets

4

761,265

924,217

Investments

5

120,000

120,000

881,265

1,044,217

CURRENT ASSETS

Stocks

8,876

-

Debtors

6

109,574

143,571

Cash at bank

923

3,752

119,373

147,323

CREDITORS

Amounts falling due within one year

7

544,641

479,102

NET CURRENT LIABILITIES

(425,268

)

(331,779

)

TOTAL ASSETS LESS CURRENT LIABILITIES

455,997

712,438

CREDITORS

Amounts falling due after more than one year

8

(191,733

)

(341,162

)

PROVISIONS FOR LIABILITIES

10

(74,462

)

(105,060

)

NET ASSETS

189,802

266,216

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

189,800

266,214

189,802

266,216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 June 2026 and were signed on its behalf by:

J W Wardell - Director

1.	STATUTORY INFORMATION

Mid - Way Developments 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2024

536,721

248,471

69,258

Disposals

-

-

-

At 30 September 2025

536,721

248,471

69,258

DEPRECIATION

At 1 October 2024

56,000

186,763

49,042

Charge for year

7,000

15,425

5,054

Eliminated on disposal

-

-

-

At 30 September 2025

63,000

202,188

54,096

NET BOOK VALUE

At 30 September 2025

473,721

46,283

15,162

At 30 September 2024

480,721

61,708

20,216

Motor

Hire

vehicles

plant

Totals

£

£

£

COST

At 1 October 2024

656,160

110,760

1,621,370

Disposals

(154,512

)

-

(154,512

)

At 30 September 2025

501,648

110,760

1,466,858

DEPRECIATION

At 1 October 2024

323,623

81,725

697,153

Charge for year

71,057

5,807

104,343

Eliminated on disposal

(95,903

)

-

(95,903

)

At 30 September 2025

298,777

87,532

705,593

NET BOOK VALUE

At 30 September 2025

202,871

23,228

761,265

At 30 September 2024

332,537

29,035

924,217

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

and 30 September 2025

120,000

NET BOOK VALUE

At 30 September 2025

120,000

At 30 September 2024

120,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

88,574

122,571

Other debtors

21,000

21,000

109,574

143,571

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts (see note 9)

145,719

145,048

Hire purchase contracts

67,845

111,993

Trade creditors

173,040

143,343

Tax

-

18,318

Social security and other taxes

8,230

7,650

VAT

25,457

48,822

Other creditors

122,000

468

Accrued expenses

2,350

3,460

544,641

479,102

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans (see note 9)

115,090

200,108

Hire purchase contracts

76,643

141,054

191,733

341,162

9.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

64,980

47,642

Bank loans

80,739

97,406

145,719

145,048

Amounts falling due between one and two years:

Bank loans - 1-2 years

115,090

200,108

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

74,462

105,060

Deferred

tax

£

Balance at 1 October 2024

105,060

Credit to Income Statement during year

(30,598

)

Balance at 30 September 2025

74,462