REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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FOR |
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MIDLAND INDUSTRIAL FLOORING LTD |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2015 |
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FOR |
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MIDLAND INDUSTRIAL FLOORING LTD |
MIDLAND INDUSTRIAL FLOORING LTD (Registered number: 01615155) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
MIDLAND INDUSTRIAL FLOORING LTD |
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COMPANY INFORMATION |
for the Year Ended 31 March 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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MIDLAND INDUSTRIAL FLOORING LTD (Registered number: 01615155) |
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ABBREVIATED BALANCE SHEET |
31 March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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MIDLAND INDUSTRIAL FLOORING LTD (Registered number: 01615155) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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No element of profit is included in valuation of work in progress. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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Disposals | ( |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
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Ordinary Shares | £1 |
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4. | ULTIMATE PARENT COMPANY |
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MIDLAND INDUSTRIAL FLOORING LTD (Registered number: 01615155) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 March 2015 |
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5. | RELATED PARTY DISCLOSURES |
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There were no other transaction which need to be disclosed under the Financial Reporting Standard for Smaller |
Entities (April 2008). |
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Midland Industrial Group Limited |
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Holding Company |
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During the year £180,000 (2014 £170,000 ) of administration fees were paid to the ultimate parent company. |
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31.3.15 | 31.3.14 |
£ | £ |
Amount due to related party at the balance sheet date |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
MIDLAND INDUSTRIAL FLOORING LTD |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act |
2006, we have compiled the financial statements of the company for the year ended 31 March 2015 which comprise the |
Profit and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes |
from the accounting records and information and explanations you have given to us. |
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This report is made to the company's director, in accordance with the terms of our engagement. Our work has been |
undertaken so that we might compile the financial statements that we have been engaged to compile, report to the |
company's director that we have done so, and state those matters that we have agreed to state to him in this report and for |
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than |
the company and the company's director, for our work or for this report. |
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We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered |
Accountants in England & Wales and have complied with the ethical guidance laid down by the Institute relating to |
members undertaking the compilation of financial statements. |
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You have acknowledged on the Balance Sheet as at 31 March 2015 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. |
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We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. |
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Chartered Accountants |
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13 November 2015 |