Midland Structural Holdings Ltd - Abbreviated accounts 16.3
Midland Structural Holdings Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| MIDLAND STRUCTURAL HOLDINGS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| MIDLAND STRUCTURAL HOLDINGS LIMITED (REGISTERED NUMBER: 01704754) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| MIDLAND STRUCTURAL HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| Midlands |
| SOLICITORS: |
| MIDLAND STRUCTURAL HOLDINGS LIMITED (REGISTERED NUMBER: 01704754) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on by: |
| MIDLAND STRUCTURAL HOLDINGS LIMITED (REGISTERED NUMBER: 01704754) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents rental income and service charges received, excluding vat. |
| Investment property |
| The investment properties are revalued annually by the directors in accordance with FRSSE (effective April |
| 2008). The surplus or deficit on revaluation is transfered to a revaluation reserve except where the deficit |
| reduces the property below its historical cost, in which case it is taken to the profit and loss account. |
| No depreciation is provided on investment properties which is a departure from the requirements of the |
| Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment |
| potential and so their current value is of more significance that any measure of consumption and to depreciate |
| them would not give a true and fair view. If this departure from the Act had not been made, the profit for the year |
| would have been reduced by depreciation. |
| However, the amount of depreciation cannot be reasonably quantified and the amount which might otherwise |
| have been shown cannot be separately identified and quantified. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 | 30,000 |
| Additions | 334 |
| At 31 March 2016 | 30,334 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| MIDLAND STRUCTURAL HOLDINGS LIMITED (REGISTERED NUMBER: 01704754) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1.00 |
| Ordinary A | £1.00 |
| Ordinary B | £1.00 |
| 115 | 115 |