Midland v w Limited

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

Registered number: 04379686

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		320,155		406,715

			320,155		406,715
CURRENT ASSETS
Debtors	5	-		69
Cash at bank and in hand		994,030		639,790

		994,030		639,859
Creditors: Amounts Falling Due Within One Year	6	(448,845 )		(163,299 )

NET CURRENT ASSETS (LIABILITIES)			545,185		476,560

TOTAL ASSETS LESS CURRENT LIABILITIES			865,340		883,275

Creditors: Amounts Falling Due After More Than One Year	7		(3,183 )		(9,525 )

NET ASSETS			862,157		873,750

CAPITAL AND RESERVES
Called up share capital	8		300		300
Profit and Loss Account			861,857		873,450

SHAREHOLDERS' FUNDS			862,157		873,750

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Midland v w Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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.

On behalf of the board

Mr Jody Lees

Director

09/06/2026

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

1. General Information

Midland v w Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04379686 . The registered office is 21 Conduit Road, Norton Canes, Cannock, WS11 9TJ.

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.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Freehold	265688
Plant & Machinery	339365
Motor Vehicles	47500

2.4. 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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Midland v w Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2025: 15)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 March 2025	253,149	454,452	25,530	733,131
Disposals	-	(105,000 )	-	(105,000 )

As at 28 February 2026	253,149	349,452	25,530	628,131

Depreciation
As at 1 March 2025	-	313,041	13,375	326,416
Provided during the period	-	21,690	12,370	34,060
Disposals	-	(52,500 )	-	(52,500 )

As at 28 February 2026	-	282,231	25,745	307,976

Net Book Value
As at 28 February 2026	253,149	67,221	(215 )	320,155

As at 1 March 2025	253,149	141,411	12,155	406,715

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	-	69

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	191,998	136,526
Bank loans and overdrafts	3,431	-
Other creditors	203,275	-
Taxation and social security	50,141	26,773

	448,845	163,299

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	3,183	9,525

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Midland v w Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	300	300

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mr Jody Lees	-	-	-	-	100

The above loan is unsecured, interest free and repayable on demand.

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