Midland Accountancy Group Limited
Midland Accountancy Group Limited
Registered number: 06820716
Financial Statements
For The Year Ended 31 March 2024
Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
B63 3TT
Midland Accountancy Group Limited
Contents
Contents
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Midland Accountancy Group Limited
Balance Sheet
As At
31 March 2024
Balance Sheet
Registered number:
06820716
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2024 | 2023 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Investments | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (26,689) | (26,200) | |||
Midland Accountancy Group Limited
Balance Sheet (continued)
As At
31 March 2024
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Midland Accountancy Group Limited
Notes to the Financial Statements
For The Year Ended 31 March 2024
Notes to the Financial Statements
1.
General Information
Midland Accountancy Group Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
06820716
. The registered office is Hales Court, Stourbridge Road, Halesowen, West Midlands, B63 3TT.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs. They are amortised to profit and loss account over their estimated economic life of 4 years.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
4.
Intangible Assets
| Other | |||
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| £ | |||
| Cost | |||
| As at 1 April 2023 |
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| As at 31 March 2024 |
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| Amortisation | |||
| As at 1 April 2023 |
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| As at 31 March 2024 |
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5.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at 1 April 2023 |
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| As at 31 March 2024 |
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| Depreciation | |
| As at 1 April 2023 |
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| As at 31 March 2024 |
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| Net Book Value | |
| As at 31 March 2024 |
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| As at 1 April 2023 |
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Midland Accountancy Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
6.
Current Asset Investments
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Unlisted investments | 1 | 1 |
7.
Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | - |
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| Amounts owed to group undertakings |
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| Other creditors | - | 12,481 | |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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