REGISTERED NUMBER: 02226568 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

MIDLAND MOULDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

T R Williams

Mrs A L Williams

SECRETARY:

REGISTERED OFFICE:

Coppice Side Industrial Estate

Brownhills

Walsall

WS8 7EX

REGISTERED NUMBER:

02226568 (England and Wales)

ACCOUNTANTS:

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

179,050

214,597

179,050

214,597

CURRENT ASSETS

Stocks

18,000

4,000

Debtors

6

347,467

267,034

Cash at bank

55,429

7,703

420,896

278,737

CREDITORS

Amounts falling due within one year

7

365,530

242,505

NET CURRENT ASSETS

55,366

36,232

TOTAL ASSETS LESS CURRENT LIABILITIES

234,416

250,829

CREDITORS

Amounts falling due after more than one year

8

(93,285

)

(122,012

)

PROVISIONS FOR LIABILITIES

(44,763

)

(53,649

)

NET ASSETS

96,368

75,168

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

96,268

75,068

96,368

75,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 July 2026 and were signed on its behalf by:

T R Williams - Director

1.	STATUTORY INFORMATION

Midland Mouldings Ltd 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets

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.

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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 19 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

15,000

AMORTISATION

At 1 April 2025

and 31 March 2026

15,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

327,063

35,088

23,998

20,610

406,759

Additions

1,787

-

-

666

2,453

At 31 March 2026

328,850

35,088

23,998

21,276

409,212

DEPRECIATION

At 1 April 2025

149,987

22,587

6,999

12,589

192,162

Charge for year

26,695

3,125

4,250

3,930

38,000

At 31 March 2026

176,682

25,712

11,249

16,519

230,162

NET BOOK VALUE

At 31 March 2026

152,168

9,376

12,749

4,757

179,050

At 31 March 2025

177,076

12,501

16,999

8,021

214,597

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

216,686

106,206

Other debtors

130,781

159,793

VAT

-

1,035

347,467

267,034

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,239

5,239

Hire purchase contracts

24,361

21,583

Trade creditors

94,915

54,689

Tax

44,344

-

Social security and other taxes

(67

)

-

Pension payable

883

908

VAT

46,732

-

Other creditors

7,855

-

Deferred income

135,000

154,070

Accrued expenses

6,268

6,016

365,530

242,505

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 2-5 years

20,519

20,956

Bank loans more 5 yr by instal

-

3,929

Hire purchase contracts

72,766

97,127

93,285

122,012

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,929

9.	RELATED PARTY DISCLOSURES

During the year the company was charged £24,000 (2025 - £24,000) rent by T & A Williams Property Limited, the parent company. At the year end the company was owed £130,356 (2025 - £114,849) by T & A Williams Property Limited.

During the year the company charged £12,000 (2025 - £12,000) rent to Bridgtown Joinery Limited a company that the directors has an interest in . At the year end the company owed £7,855 to Bridgtown Joinery Limited (2025 - £44,555 was owed by Bridgtown Joinery Ltd).

At the year the company was owed by Wall Panelling Kits Limited £425 (2025 - £389), a company that the directors has an interest in.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 Mouldings Ltd for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Midland Mouldings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Midland Mouldings Ltd and state those matters that we have agreed to state to the Board of Directors of Midland Mouldings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midland Mouldings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Midland Mouldings Ltd 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 Mouldings Ltd. You consider that Midland Mouldings Ltd 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 Mouldings Ltd. 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 financial statements.

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

10 July 2026