Midland Industrial Agencies Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05304564 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Midland Industrial Agencies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N L Lourie

M R Chittock

SECRETARY:

N L Lourie

REGISTERED OFFICE:

52A St. John Street

Ashbourne

Derbyshire

DE6 1GH

REGISTERED NUMBER:

05304564 (England and Wales)

ACCOUNTANTS:

K E Cross Ltd.

2 Air Balloon Road

Bristol

Avon

BS5 8LA

FIXED ASSETS

Tangible assets

2

1

1

CURRENT ASSETS

Stocks

161,177

165,849

Debtors

217,608

256,465

Cash at bank and in hand

282,599

248,518

661,384

670,832

CREDITORS

Amounts falling due within one year

3

189,224

244,121

NET CURRENT ASSETS

472,160

426,711

TOTAL ASSETS LESS CURRENT LIABILITIES

472,161

426,712

CAPITAL AND RESERVES

Called up share capital

4

286,500

286,500

Capital redemption reserve

5,000

5,000

Profit and loss account

180,661

135,212

SHAREHOLDERS' FUNDS

472,161

426,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 October 2014 and were signed on its behalf by:

N L Lourie - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

5,000

DEPRECIATION

At 1 May 2013

and 30 April 2014

4,999

NET BOOK VALUE

At 30 April 2014

1

At 30 April 2013

1

3.

CREDITORS

Creditors include an amount of £ 3,381 (30.4.13 - £ 5,330 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

286,500

Ordinary

£1

286,500

286,500