Company Registration No. 04173492 (England and Wales)
Midland Binding Services Ltd
Unaudited accounts
for the year ended 30 April 2018
Midland Binding Services Ltd
Unaudited accounts
Contents
Midland Binding Services Ltd
Company Information
for the year ended 30 April 2018
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 2018
Tangible assets
30,427
2,211
Cash at bank and in hand
11,364
15,739
Creditors: amounts falling due within one year
(64,924)
(58,217)
Net current (liabilities)/assets
(8,770)
24,350
Total assets less current liabilities
21,657
26,561
Provisions for liabilities
Deferred tax
(1,608)
(420)
Called up share capital
20
20
Profit and loss account
20,029
26,121
Shareholders' funds
20,049
26,141
For the year ending 30 April 2018 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 7 January 2019.
Mr Rashid Mangia
Director
Company Registration No. 04173492
Midland Binding Services Ltd
Notes to the Accounts
for the year ended 30 April 2018
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2017
-
3,137
2,300
5,437
Additions
25,271
832
7,250
33,353
At 30 April 2018
25,271
3,969
9,550
38,790
At 1 May 2017
-
927
2,299
3,226
Charge for the year
2,529
795
1,813
5,137
At 30 April 2018
2,529
1,722
4,112
8,363
At 30 April 2018
22,742
2,247
5,438
30,427
At 30 April 2017
-
2,210
1
2,211
Trade debtors
38,284
63,313
Other debtors
6,106
3,015
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
8,247
20,520
Taxes and social security
18,196
30,381
Loans from directors
38,481
4,617
8
Deferred taxation
2018
2017
Accelerated capital allowances
1,608
420
Midland Binding Services Ltd
Notes to the Accounts
for the year ended 30 April 2018
Provision at start of year
420
-
Charged to the profit and loss account
1,188
420
Provision at end of year
1,608
420
9
Share capital
2018
2017
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 15 (2017: 15).