REGISTERED NUMBER: 07212878 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

MIDLAND RESTORATIONS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Harris

N C Barlow

SECRETARY:

N C Barlow

REGISTERED OFFICE:

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

REGISTERED NUMBER:

07212878 (England and Wales)

ACCOUNTANTS:

Elkingtons Accountants Limited

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

FIXED ASSETS

Tangible assets

4

238,791

180,353

CURRENT ASSETS

Stocks

63,033

125,762

Debtors

5

1,022,999

889,225

Cash at bank

538,008

508,538

1,624,040

1,523,525

CREDITORS

Amounts falling due within one year

6

924,128

1,029,668

NET CURRENT ASSETS

699,912

493,857

TOTAL ASSETS LESS CURRENT LIABILITIES

938,703

674,210

CREDITORS

Amounts falling due after more than one year

7

(85,130

)

(110,186

)

PROVISIONS FOR LIABILITIES

(59,698

)

(45,089

)

NET ASSETS

793,875

518,935

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

793,775

518,835

SHAREHOLDERS' FUNDS

793,875

518,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 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 27th July 2026 and were signed on its behalf by:

R Harris - Director

N C Barlow - Director

1.	STATUTORY INFORMATION

Midland Restorations (UK) Limited 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. The Companies contractual obligations are performed gradually over time and revenue is recognised as activity progresses to reflect the Companies partial performance of its contractual obligations.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

33% on cost and 25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2025

149,794

-

191,629

3,640

345,063

Additions

63,554

5,078

44,983

2,492

116,107

Disposals

-

-

(33,230

)

-

(33,230

)

At 31st December 2025

213,348

5,078

203,382

6,132

427,940

DEPRECIATION

At 1st January 2025

97,905

-

63,165

3,640

164,710

Charge for year

19,839

117

35,579

376

55,911

Eliminated on disposal

-

-

(31,472

)

-

(31,472

)

At 31st December 2025

117,744

117

67,272

4,016

189,149

NET BOOK VALUE

At 31st December 2025

95,604

4,961

136,110

2,116

238,791

At 31st December 2024

51,889

-

128,464

-

180,353

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

47,500

130,290

177,790

DEPRECIATION

At 1st January 2025

9,955

15,898

25,853

Charge for year

16,426

25,084

41,510

At 31st December 2025

26,381

40,982

67,363

NET BOOK VALUE

At 31st December 2025

21,119

89,308

110,427

At 31st December 2024

37,545

114,392

151,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

947,204

689,498

Amounts owed by participating interests

443

149,020

Other debtors

75,352

50,707

1,022,999

889,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

22,083

31,277

Trade creditors

616,764

809,173

Taxation and social security

228,531

123,385

Other creditors

56,750

65,833

924,128

1,029,668

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

85,130

110,186

8.	SECURED DEBTS

A debenture was signed to secure all liabilities to National Westminster Bank PLC. This includes a cross company unlimited guarantee between GW1114 Limited, Hartan Limited, Midland Restorations (UK) Limited, and Midlands Response Limited.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies premises owned in part by the directors. Mr R Harris and Mr N Barlow share a one third stake in the property which entitles them to £2,083 of rental income, all of which had been paid by the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

Directors, Mr R Harris and Mr N C Barlow, are the controlling parties by virtue of them each holding 50% of the issued and allotted share capital.