MIDWAY ELECTRICAL SERVICES L - Accounts 2014


2013-07-012014-06-3007690069falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2013-06-30http://www.companieshouse.gov.uk/cd:Director12013-07-012014-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2014-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2013-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-07-012014-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2013-07-012014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2013-07-012014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-07-012014-06-30http://www.companieshouse.gov.uk/2012-07-012013-06-30http://www.companieshouse.gov.uk/2013-07-012014-06-30http://www.companieshouse.gov.uk/2013-06-30http://www.companieshouse.gov.uk/2014-06-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-07-012014-06-30http://www.companieshouse.gov.uk/2013-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07690069
Midway Electrical Services Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
Prepared By:
MJ Accountancy Ltd
Suites 2 & 3 Bow Street Chambers
1/2 Bow Street
Rugeley
Staffs
WS15 2BT

Midway Electrical Services Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07690069

Midway Electrical Services Ltd
Registered Number: 07690069
BALANCE SHEET AT 30/06/2014
20142013
Notes££
FIXED ASSETS
Tangible assets25,7677,135
CURRENT ASSETS
Debtors (amounts falling due within one year)31,493830
Cash at bank and in hand7,8894,682
9,3825,512
CREDITORS: Amounts falling due within one year14,58612,355
NET CURRENT LIABILITIES(5,204)(6,843)
TOTAL ASSETS LESS CURRENT LIABILITIES563292
CAPITAL AND RESERVES
Called up share capital4100100
Profit and loss account463192
SHAREHOLDERS' FUNDS563292
For the year ending 30/06/2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 25/09/2014 and signed on their behalf by
Ryan Derek Kitson
Director

Midway Electrical Services Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 33.33%
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Midway Electrical Services Ltd
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/07/20131178,5001,0079,624
Additions629--629
At 30/06/20147468,5001,00710,253
Depreciation
At 01/07/2013292,1253352,489
For the year1791,5942241,997
At 30/06/20142083,7195594,486
Net Book Amounts
At 30/06/20145384,7814485,767
At 30/06/2013886,3756727,135
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors900830
Other debtors593-
1,493830

Midway Electrical Services Ltd
4. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100