1.
General Information
Middco (BL1) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14532751 and registered office is Middleton House, Westland Road, Leeds, LS11 5UH.
The presentation currency of the financial statements is the Pound Sterling (£).
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statement have been prepared under the historic 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.
Going Concern Disclosure
The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption is also based on the continuing support of related parties. Such support has been maintained since the period end and will continue to be made available to the extent required to enable the company to meet its liabilities as and when they fall due during the course of the current year.
Accordingly, the directors believe that it is appropriate to prepare the accounts on a going concern basis.
2.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.
Average Number of Employees
Average number of employees, including directors, during the year was 3 (2024: 3)
4.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Work in progress |
|
|
|
5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 8,080 | 11,770 | |
6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 287,952 | 126,495 | |
|
|
|
||
Middco (BL1) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8.
Related Party Transactions
|
Amounts due to a company where the directors have an interest
|
|||
|
2025
|
2024
|
||
|
£
|
£
|
||
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
||
|
Amount due to related party at the balance sheet date
|
287,952
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
126,495
|
During the year interest of £6,743 (2024: £1,121) was charged on the above loan.
9.
Ultimate Controlling Party
In the opinion of the directors there is no ultimate controlling party.