Mid Wales Storage and Distribution Centre Limited

Mid Wales Storage and Distribution Centre Limited
Registered number:		03490117
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,268,359			1,307,479

Current assets
Debtors	4	24,579			32,603
Cash at bank and in hand		585,827			469,750
		610,406			502,353

Creditors: amounts falling due within one year	5	(99,050)			(91,310)

Net current assets			511,356			411,043

Total assets less current liabilities			1,779,715			1,718,522

Creditors: amounts falling due after more than one year	6		(484,295)			(548,931)



Net assets			1,295,420			1,169,591

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		144,973			144,973
Profit and loss account			1,150,347			1,024,518

Shareholders' funds			1,295,420			1,169,591

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Sciacca
Director
Approved by the board on 20 February 2026

Mid Wales Storage and Distribution Centre Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 10 years
	Motor vehicles			over 5 years

	No depreciation is provided on the company's freehold properties.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost or valuation
	At 1 February 2025	1,120,000		497,448		43,996		1,661,444
	At 31 January 2026	1,120,000		497,448		43,996		1,661,444

	Depreciation
	At 1 February 2025	-		333,305		20,660		353,965
	Charge for the year	-		27,120		12,000		39,120
	At 31 January 2026	-		360,425		32,660		393,085

	Net book value
	At 31 January 2026	1,120,000		137,023		11,336		1,268,359
	At 31 January 2025	1,120,000		164,143		23,336		1,307,479

	Freehold land and buildings have been included at the revalued amount in accordance with the
	professional valuation carried out on 25 July 2024 by Roger Parry & Partners LLP.
	The historical cost was £975,027.

4	Debtors					2026		2025
£							£

	Trade debtors					16,254		32,603
	Other debtors					8,325		-
						24,579		32,603


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					3,849		11,518
	Trade creditors					16,908		16,524
	Corporation tax					55,622		40,284
	Other taxes and social security costs					22,671		22,984
						99,050		91,310


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					484,295		545,083
	Obligations under finance lease and hire purchase contracts					-		3,848
						484,295		548,931


7	Loans					2026		2025
£							£
	Creditors include:

	Secured bank loans					475,521		526,019

	The bank loans are secured by a fixed and floating charge over the company's freehold property and other assets.


8	Revaluation reserve					2026		2025
£							£

	At 1 February 2025					144,973		144,973

	At 31 January 2026					144,973		144,973


9	Other information

	Mid Wales Storage and Distribution Centre Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
	Old School
	Doll Street
	Machynlleth
	Powys
	SY20 8BQ