Company registration number 07932631 (England and Wales)
THE MIDAS CUT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
THE MIDAS CUT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE MIDAS CUT LIMITED
BALANCE SHEET
AS AT
30 APRIL 2026
30 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Current assets
Debtors
4
3,000
3,000
Cash at bank and in hand
4,316
2,117
7,316
5,117
Creditors: amounts falling due within one year
5
(4,173)
(4,958)
Net current assets
3,143
159
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
3,142
158
Total equity
3,143
159

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 August 2026
Mrs S A Williams
Director
Company registration number 07932631 (England and Wales)
THE MIDAS CUT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 2 -
1
Accounting policies
Company information

The Midas Cut Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Gloucester Road, Bagshot, Surrey, England, GU19 5LR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the provisions of Section 1A applicable to small entities, and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and are presented in pounds sterling, which is the company's functional currency.

1.2
Going concern

The director considers that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.true

1.3
Revenue

Revenue represents amounts receivable for services provided during the year, net of discounts and value added tax. Revenue is recognised when the relevant service has been provided.

1.4
Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and impairment.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial assets and liabilities are initially recognised at transaction price and subsequently measured at amortised cost.

1.7
Taxation

Current tax is recognised based on the taxable profit for the year using tax rates enacted or substantively enacted at the balance sheet date.

THE MIDAS CUT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: NIL

2026
2025
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 May 2025 and 30 April 2026
265
1,535
1,800
Depreciation and impairment
At 1 May 2025 and 30 April 2026
265
1,535
1,800
Carrying amount
At 30 April 2026
-
0
-
0
-
0
At 30 April 2025
-
0
-
0
-
0
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
3,000
3,000
5
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
3,280
3,992
Other creditors
173
367
Accruals and deferred income
720
599
4,173
4,958
6
Related party transactions

At 30 April 2026 the company owed the director £173 (2025: £367) in respect of her director's current account. The balance is unsecured, interest free and repayable on demand.

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