REGISTERED NUMBER: 08759519 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 October 2025

for

Midland County Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K L M Toulson

REGISTERED OFFICE:

12 Reedspire

Commercial Way

Sleaford

Lincolnshire

NG34 8GL

REGISTERED NUMBER:

08759519 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

47,170

55,880

47,170

55,880

CURRENT ASSETS

Debtors

6

686,123

839,189

Cash at bank

136,023

33,206

822,146

872,395

CREDITORS

Amounts falling due within one year

7

290,656

535,770

NET CURRENT ASSETS

531,490

336,625

TOTAL ASSETS LESS CURRENT LIABILITIES

578,660

392,505

CREDITORS

Amounts falling due after more than one year

8

(143,558

)

(14,175

)

PROVISIONS FOR LIABILITIES

(6,995

)

(8,725

)

NET ASSETS

428,107

369,605

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

427,107

368,605

SHAREHOLDERS' FUNDS

428,107

369,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 October 2026 and were signed by:

Mrs K L M Toulson - Director

1.	STATUTORY INFORMATION

Midland County Construction Ltd 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 services, excluding value added tax.

Goodwill

Goodwill relates to the purchase of building contracts from a company which is no longer solvent. The cost of goodwill is being amortised over its life of 6 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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 26 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 October 2024

and 30 October 2025

3,000

AMORTISATION

At 31 October 2024

and 30 October 2025

3,000

NET BOOK VALUE

At 30 October 2025

-

At 30 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 31 October 2024

10,647

153,571

164,218

Additions

-

6,800

6,800

At 30 October 2025

10,647

160,371

171,018

DEPRECIATION

At 31 October 2024

7,150

101,188

108,338

Charge for year

699

14,811

15,510

At 30 October 2025

7,849

115,999

123,848

NET BOOK VALUE

At 30 October 2025

2,798

44,372

47,170

At 30 October 2024

3,497

52,383

55,880

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

298,015

696,920

Amounts owed by group undertakings

303,787

51,742

Other debtors

84,321

90,527

686,123

839,189

Included within 'Amounts owed by group undertakings' in 2025 is £252,045 from Toulson Carpentry & Joinery Ltd, a company in which the majority shareholder, Mrs K Toulson is a director and shareholder.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

58,504

10,352

Hire purchase contracts

8,132

3,798

Trade creditors

107,290

126,647

Amounts owed to group undertakings

-

112,053

Taxation and social security

103,605

273,699

Other creditors

13,125

9,221

290,656

535,770

Included within 'Amounts owed to group undertakings' in 2024 was £112,053 from Toulson Carpentry & Joinery Ltd, a company in which the majority shareholder, Mrs K Toulson is a director and shareholder.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

143,558

7,322

Hire purchase contracts

-

6,853

143,558

14,175

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	ULTIMATE CONTROLLING PARTY

The controlling part is Mrs K Toulson.