Midland Livestock Limited - Filleted accounts

Midland Livestock Limited
Registered number:		05774553
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		116,748			117,577

Current assets
Stocks		9,370			-
Debtors	4	943,697			534,260
Cash at bank and in hand		119,216			97,808
		1,072,283			632,068

Creditors: amounts falling due within one year	5	(996,645)			(579,896)

Net current assets			75,638			52,172

Net assets			192,386			169,749

Capital and reserves
Called up share capital			80			80
Profit and loss account			192,306			169,669

Shareholder's funds			192,386			169,749

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Woolley
Director
Approved by the board on 22 June 2026

Midland Livestock Limited
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Office and computer equipment			Straight line over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Office Equipment		Computer Equipment		Total
£			£		£		£
	Cost
	At 1 May 2025	116,353		2,265		3,724		122,342
	At 30 April 2026	116,353		2,265		3,724		122,342

	Depreciation
	At 1 May 2025	-		2,263		2,502		4,765
	Charge for the year	-		-		829		829
	At 30 April 2026	-		2,263		3,331		5,594

	Net book value
	At 30 April 2026	116,353		2		393		116,748
	At 30 April 2025	116,353		2		1,222		117,577


4	Debtors					2026		2025
£							£

	Trade debtors					940,299		533,086
	Other debtors					3,398		1,174
						943,697		534,260


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					936,226		480,032
	Corporation tax					26,378		23,237
	Other taxes and social security costs					13,825		8,038
	Other creditors					20,216		68,589
						996,645		579,896


6	Other information
	Midland Livestock Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Sadlers Court
	18a Carter Street
	Uttoxeter
	Staffordshire
	ST14 8EU