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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2022-07-01 04468741 2023-06-30 04468741 2022-07-01 2023-06-30 04468741 2022-06-30 04468741 2021-07-01 2022-06-30 04468741 uk-core:WithinOneYear 2022-06-30 04468741 uk-core:WithinOneYear 2023-06-30 04468741 uk-core:AfterOneYear 2022-06-30 04468741 uk-core:AfterOneYear 2023-06-30 04468741 uk-core:ShareCapital 2023-06-30 04468741 uk-core:ShareCapital 2022-06-30 04468741 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 04468741 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 04468741 uk-bus:Director1 2022-07-01 2023-06-30 04468741 uk-core:NetGoodwill 2022-07-01 2023-06-30 04468741 uk-core:PlantMachinery 2022-07-01 2023-06-30 04468741 uk-core:Vehicles 2022-07-01 2023-06-30 04468741 uk-core:Goodwill 2022-06-30 04468741 uk-core:Goodwill 2023-06-30 04468741 uk-core:Vehicles 2022-06-30 04468741 uk-core:PlantMachinery 2022-06-30 04468741 uk-core:PlantMachinery 2023-06-30 04468741 uk-core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure 04468741 uk-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04468741 uk-bus:FRS102 2022-07-01 2023-06-30 04468741 uk-bus:FullAccounts 2022-07-01 2023-06-30 04468741 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
Midway Demolition and Groundworks Limited
Registered Number:04468741
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2023
Midway Demolition and Groundworks Limited
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Registered Number :
04468741
As at 30 June 2023
Midway Demolition and Groundworks Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
24,781
15,567
3
24,781
15,567
Current assets
Inventories
2,542
2,542
4
Trade and other receivables
1,140
10,600
5
258,160
Cash and cash equivalents
200,691
213,833
261,842
Trade and other payables: amounts falling due
within one year
(11,611)
(39,570)
6
250,231
174,263
Net current assets
Total assets less current liabilities
199,044
265,798
Trade and other payables: amounts falling due after
more than one year
(34,991)
-
7
(2,958)
(2,958)
Provisions for liabilities
196,086
Net assets
227,849
Capital and reserves
Called up share capital
100
100
Retained earnings
195,986
227,749
196,086
227,849
Shareholders' funds
For the year ended 30 June 2023 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 2023 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
Registered Number :
04468741
For the year ended 30 June 2023
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 22 August 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 June 2023
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
25 Reducing balance
Motor vehicles
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 2023
Midway Demolition and Groundworks Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2022
200,000
At 30 June 2023
200,000
Amortisation
At 01 July 2022
200,000
At 30 June 2023
200,000
Net book value
At 30 June 2023
-
At 30 June 2022
-
3. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2022
212,848
-
212,848
17,474
16,999
475
Additions
At 30 June 2023
213,323
16,999
230,322
Provision for depreciation and impairmen
t
At 01 July 2022
197,281
-
197,281
Charge for year
8,260
4,249
4,011
At 30 June 2023
205,541
4,249
201,292
At 30 June 2023
Net book value
12,031
12,750
24,781
At 30 June 2022
15,567
-
15,567
4. Inventories
2022
2023
£
£
Stocks
2,542
2,542
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7
For the year ended 30 June 2023
Midway Demolition and Groundworks Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
5,170
1,140
Other debtors
5,430
-
1,140
10,600
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
5,830
4,991
Taxation and social security
-
6,620
Other creditors
33,740
-
39,570
11,611
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
-
34,991
8. Average number of persons employed
During the year the average number of employees was 0 (2022 : 1)
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