REGISTERED NUMBER: 03472387 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2023 to 28 February 2025

for

Countrywide Midlands Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Passfield

Mrs J Passfield

A J Passfield

SECRETARY:

REGISTERED OFFICE:

Countrywide Depot

Off Common Lane

Stanley

Ilkeston

Derbyshire

DE7 6NZ

REGISTERED NUMBER:

03472387 (England and Wales)

ACCOUNTANT:

John Hamilton FCA

Chartered Accountant

2 Mundy Street

Heanor

Derbyshire

FIXED ASSETS

Tangible assets

4

17,298

142,374

Investments

5

12,574

12,574

29,872

154,948

CURRENT ASSETS

Stocks

-

43,486

Debtors

6

898,946

622,013

Cash at bank

204,487

809,536

1,103,433

1,475,035

CREDITORS

Amounts falling due within one year

7

367,547

875,495

NET CURRENT ASSETS

735,886

599,540

TOTAL ASSETS LESS CURRENT LIABILITIES

765,758

754,488

PROVISIONS FOR LIABILITIES

-

27,051

NET ASSETS

765,758

727,437

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

765,458

727,137

SHAREHOLDERS' FUNDS

765,758

727,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 12 November 2025 and were signed on its behalf by:

J E Passfield - Director

1.	STATUTORY INFORMATION

Countrywide Midlands 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

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 period was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2023

17,298

542,653

559,951

Additions

-

85,922

85,922

Disposals

-

(628,575

)

(628,575

)

At 28 February 2025

17,298

-

17,298

DEPRECIATION

At 1 December 2023

-

417,577

417,577

Charge for period

-

69,532

69,532

Eliminated on disposal

-

(487,109

)

(487,109

)

At 28 February 2025

-

-

-

NET BOOK VALUE

At 28 February 2025

17,298

-

17,298

At 30 November 2023

17,298

125,076

142,374

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

Plant and

machinery

etc

£

COST

At 1 December 2023

148,772

Disposals

(148,772

)

At 28 February 2025

-

DEPRECIATION

At 1 December 2023

57,890

Eliminated on disposal

(57,890

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 30 November 2023

90,882

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2023

and 28 February 2025

12,574

NET BOOK VALUE

At 28 February 2025

12,574

At 30 November 2023

12,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

30.11.23

£

£

Trade debtors

450,862

235,432

Other debtors

448,084

386,581

898,946

622,013

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

30.11.23

£

£

Bank loans and overdrafts

12,500

25,000

Hire purchase contracts

-

84,662

Trade creditors

-

129,887

Taxation and social security

126,035

43,770

Other creditors

229,012

592,176

367,547

875,495

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of their interest in 100% of the issued share capital of the company.