MIDWAY DEMOLITION AND GROUNDWORKS LIMITED,Ltd - AccountsLtd - Accounts

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED,Ltd - AccountsLtd - Accounts

MIDWAY DEMOLITION AND GROUNDWORKS LIMITED - Company Information

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2017-07-01 04468741 2018-06-30 04468741 2017-07-01 2018-06-30 04468741 2017-06-30 04468741 2016-07-01 2017-06-30 04468741 uk-core:WithinOneYear 2017-06-30 04468741 uk-core:WithinOneYear 2018-06-30 04468741 uk-core:AfterOneYear 2017-06-30 04468741 uk-core:AfterOneYear 2018-06-30 04468741 uk-core:ShareCapital 2018-06-30 04468741 uk-core:ShareCapital 2017-06-30 04468741 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 04468741 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 04468741 uk-bus:Director1 2017-07-01 2018-06-30 04468741 uk-core:NetGoodwill 2017-07-01 2018-06-30 04468741 uk-core:PlantMachinery 2017-07-01 2018-06-30 04468741 uk-core:Goodwill 2017-06-30 04468741 uk-core:Goodwill 2018-06-30 04468741 uk-core:CostValuation 2017-06-30 04468741 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-06-30 04468741 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2018-06-30 04468741 uk-core:CostValuation 2018-06-30 04468741 uk-core:Non-currentFinancialInstruments 2018-06-30 04468741 uk-core:Non-currentFinancialInstruments 2017-06-30 iso4217:GBP 04468741 uk-bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 04468741 uk-bus:FRS102 2017-07-01 2018-06-30 04468741 uk-bus:FullAccounts 2017-07-01 2018-06-30 04468741 uk-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Registered Number:04468741
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Contents Page
1 to 2
Statement of Financial Position
3 to 6
Notes to the Financial Statements
3
As at 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Statement of Financial Position
Registered Number :
04468741
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
60,100
56,334
3
Financial assets
7,222
7,222
4
67,322
63,556
Current assets
Inventories
3,100
3,100
5
Trade and other receivables
9,072
32,000
6
199,726
Cash and cash equivalents
230,649
265,749
211,898
Trade and other payables: amounts falling due
within one year
(16,526)
(20,121)
7
195,372
245,628
Net current assets
Total assets less current liabilities
312,950
258,928
Trade and other payables: amounts falling due after
more than one year
(5,043)
(10,698)
8
(10,709)
(10,709)
Provisions for liabilities
291,543
Net assets
243,176
Capital and reserves
Called up share capital
100
100
Retained earnings
291,443
243,076
291,543
243,176
Shareholders' funds
For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 6
4
For the year ended 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Statement of Financial Position Continued
Mr Christopher Owen Casey Director
These financial statements were approved and authorised for issue by the Board on 03 September 2018 and were signed by:
The notes form part of these financial statements
2 of 6
5
For the year ended 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Notes to the Financial Statements
Statutory Information
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED is a private limited company, limited by
shares, domiciled in England and Wales, registration number 04468741.
Registered address:
Bretby Park Lodge
616 Burton Road
Midway
Derbyshire
DE11 0DP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 6
6
For the year ended 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2017
200,000
At 30 June 2018
200,000
Amortisation
At 01 July 2017
200,000
At 30 June 2018
200,000
Net book value
At 30 June 2018
-
At 30 June 2017
-
3. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 July 2017
243,898
23,800
Additions
At 30 June 2018
267,698
Provision for depreciation and impairmen
t
At 01 July 2017
187,564
Charge for year
20,034
At 30 June 2018
207,598
At 30 June 2018
Net book value
60,100
At 30 June 2017
56,334
4 of 6
7
For the year ended 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
At 01 July 2017
7,222
7,222
Cost
£
£
At 30 June 2018
7,222
7,222
At 30 June 2018
Net book value
7,222
7,222
At 01 July 2017
7,222
7,222
5. Inventories
2017
2018
£
£
Stocks
3,100
3,100
6. Trade and other receivables
2017
2018
£
£
Trade debtors
32,000
7,275
Other debtors
-
1,797
9,072
32,000
7. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
5,591
4,801
Taxation and social security
14,530
11,725
20,121
16,526
5 of 6
8
For the year ended 30 June 2018
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
10,698
5,043
6 of 6