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COMPANY REGISTRATION NUMBER: 01208454

MIDLAND PALLETS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

MIDLAND PALLETS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

| 2026 | 2025
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 744,587 |  | 723,458

CURRENT ASSETS

Stocks | 140,020 |  | 156,308 |
Debtors | 6 | 1,127,373 |  | 1,061,371 |
Cash at bank and in hand | 627,823 |  | 1,114,587 |
| ------------ |  | ------------ |
| 1,895,216 |  | 2,332,266 |

CREDITORS: amounts falling due within one year | 7 | 1,907,433 |  | 1,851,000 |
| ------------ |  | ------------ |
NET CURRENT (LIABILITIES)/ASSETS |  | ( 12,217) |  | 481,266
|  | --------- |  | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 732,370 |  | 1,204,724
|  | --------- |  | ------------
NET ASSETS |  | 732,370 |  | 1,204,724
|  | --------- |  | ------------

CAPITAL AND RESERVES

Called up share capital |  | 2 |  | 2
Profit and loss account |  | 732,368 |  | 1,204,722
|  | --------- |  | ------------
SHAREHOLDERS FUNDS |  | 732,370 |  | 1,204,724
|  | --------- |  | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MIDLAND PALLETS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026
These financial statements were approved by the board of directors and authorised for issue on 5 August 2026 , and are signed on behalf of the board by:

Mr S Naslund Bailey | Mr M Gough
Director | Director

Company registration number: 01208454

MIDLAND PALLETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition Turnover represents the amount derived from the provision of goods and services within the company's ordinary activities after deduction of value added tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 15% reducing balance
| Fixtures & Fittings | - | 15% reducing balance basis and 33% straight line basis
| Motor Vehicles | - | 25% reducing balance

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost includes, where appropriate, production and other direct overheads.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 41 (2025: 38 ).
5. TANGIBLE ASSETS

| Freehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2025 | 526,548 | 195,682 | 10,620 | 223,318 | 956,168
Additions | 30,300 | 31,650 | – | 13,495 | 75,445
Disposals | – | ( 14,550) | – | ( 29,000) | ( 43,550)
| --------- | --------- | -------- | --------- | ---------
At 31 March 2026 | 556,848 | 212,782 | 10,620 | 207,813 | 988,063
| --------- | --------- | -------- | --------- | ---------
Depreciation |  |  |  |  |
At 1 April 2025 | – | 116,391 | 9,444 | 106,875 | 232,710
Charge for the year | – | 16,377 | 776 | 32,705 | 49,858
Disposals | – | ( 12,769) | – | ( 26,323) | ( 39,092)
| --------- | --------- | -------- | --------- | ---------
At 31 March 2026 | – | 119,999 | 10,220 | 113,257 | 243,476
| --------- | --------- | -------- | --------- | ---------
Carrying amount |  |  |  |  |
At 31 March 2026 | 556,848 | 92,783 | 400 | 94,556 | 744,587
| --------- | --------- | -------- | --------- | ---------
At 31 March 2025 | 526,548 | 79,291 | 1,176 | 116,443 | 723,458
| --------- | --------- | -------- | --------- | ---------

6. DEBTORS

| 2026 | 2025
| £ | £
Trade debtors | 1,096,427 | 972,063
Other debtors | 30,946 | 89,308
| ------------ | ------------
| 1,127,373 | 1,061,371
| ------------ | ------------

7. CREDITORS: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 462,741 | 419,653
Social security and other taxes | 159,792 | 145,946
Other creditors | 1,284,900 | 1,285,401
| ------------ | ------------
| 1,907,433 | 1,851,000
| ------------ | ------------