Company Registration No. 04173492 (England and Wales)
Midland Binding Services Ltd
Unaudited accounts
for the year ended 30 April 2017
Midland Binding Services Ltd
Unaudited accounts
Contents
Midland Binding Services Ltd
Company Information
for the year ended 30 April 2017
Director
Mr Rashid Mangia
Company Number
04173492 (England and Wales)
Registered Office
80 Upper Charnwood Street
Leicester
LE2 0BE
Accountants
Ghumra & Co Limited
45 Broadway Road
Leicester
LE5 5TB
Midland Binding Services Ltd
Statement of financial position
as at
30 April 2017
Tangible assets
2,211
298
Cash at bank and in hand
15,739
8,889
Creditors: amounts falling due within one year
(58,217)
(50,278)
Net current assets
24,350
15,210
Total assets less current liabilities
26,561
15,508
Provisions for liabilities
Called up share capital
20
20
Profit and loss account
26,121
15,488
Shareholders' funds
26,141
15,508
For the year ending 30 April 2017 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 January 2018.
Mr Rashid Mangia
Director
Company Registration No. 04173492
Midland Binding Services Ltd
Notes to the Accounts
for the year ended 30 April 2017
Midland Binding Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 04173492. The registered office is 80 Upper Charnwood Street, Leicester, LE2 0BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Midland Binding Services Ltd
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2016
595
2,300
2,895
At 30 April 2017
3,137
2,300
5,437
At 1 May 2016
298
2,299
2,597
Charge for the year
629
-
629
At 30 April 2017
927
2,299
3,226
At 30 April 2017
2,210
1
2,211
At 30 April 2016
297
1
298
Trade debtors
63,313
53,234
Other debtors
3,015
3,015
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
20,520
21,523
Taxes and social security
30,381
19,989
Other creditors
2,699
1,907
Loans from directors
4,617
6,859
8
Deferred taxation
2017
2016
Accelerated capital allowances
420
-
Charged to the profit and loss account
420
-
Provision at end of year
420
-
Midland Binding Services Ltd
Notes to the Accounts
for the year ended 30 April 2017
9
Share capital
2017
2016
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
10
Average number of employees
During the year the average number of employees was 8 (2016: 8).