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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2019-07-01 04468741 2020-06-30 04468741 2019-07-01 2020-06-30 04468741 2019-06-30 04468741 2018-07-01 2019-06-30 04468741 uk-core:WithinOneYear 2019-06-30 04468741 uk-core:WithinOneYear 2020-06-30 04468741 uk-core:AfterOneYear 2019-06-30 04468741 uk-core:AfterOneYear 2020-06-30 04468741 uk-core:ShareCapital 2020-06-30 04468741 uk-core:ShareCapital 2019-06-30 04468741 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 04468741 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 04468741 uk-bus:Director1 2019-07-01 2020-06-30 04468741 uk-core:NetGoodwill 2019-07-01 2020-06-30 04468741 uk-core:PlantMachinery 2019-07-01 2020-06-30 04468741 uk-core:Goodwill 2019-06-30 04468741 uk-core:Goodwill 2020-06-30 iso4217:GBP xbrli:pure 04468741 uk-bus:AuditExemptWithAccountantsReport 2019-07-01 2020-06-30 04468741 uk-bus:FRS102 2019-07-01 2020-06-30 04468741 uk-bus:FullAccounts 2019-07-01 2020-06-30 04468741 uk-bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Registered Number:04468741
For the year ended 30 June 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2020
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
As at 30 June 2020
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Statement of Financial Position
Registered Number :
04468741
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
41,619
53,043
3
41,619
53,043
Current assets
Inventories
3,100
3,100
4
Trade and other receivables
-
267
5
230,445
Cash and cash equivalents
229,567
232,934
233,545
Trade and other payables: amounts falling due
within one year
(1,188)
(7,009)
6
232,357
225,925
Net current assets
Total assets less current liabilities
267,544
285,400
Trade and other payables: amounts falling due after
more than one year
(9,794)
(9,675)
7
(10,709)
(10,709)
Provisions for liabilities
247,160
Net assets
264,897
Capital and reserves
Called up share capital
100
100
Retained earnings
247,060
264,797
247,160
264,897
Shareholders' funds
For the year ended 30 June 2020 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 2020 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.
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4
For the year ended 30 June 2020
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 11 August 2020 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 June 2020
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.
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6
For the year ended 30 June 2020
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2019
200,000
At 30 June 2020
200,000
Amortisation
At 01 July 2019
200,000
At 30 June 2020
200,000
Net book value
At 30 June 2020
-
At 30 June 2019
-
3. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 July 2019
273,198
2,450
Additions
At 30 June 2020
275,648
Provision for depreciation and impairmen
t
At 01 July 2019
220,155
Charge for year
13,874
At 30 June 2020
234,029
At 30 June 2020
Net book value
41,619
At 30 June 2019
53,043
4. Inventories
2019
2020
£
£
Stocks
3,100
3,100
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7
For the year ended 30 June 2020
MIDWAY DEMOLITION AND GROUNDWORKS LIMITED
Notes to the Financial Statements Continued
5. Trade and other receivables
2019
2020
£
£
Trade debtors
267
-
6. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
5,089
505
Taxation and social security
1,920
683
7,009
1,188
7. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Other creditors
9,675
9,794
8. Average number of persons employed
During the year the average number of employees was 0 (2019 : 4)
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