REGISTERED NUMBER:
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MIDDLETON GROUNDCARE SERVICES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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REGISTERED NUMBER:
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MIDDLETON GROUNDCARE SERVICES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MIDDLETON GROUNDCARE SERVICES LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
West Lodge |
Rainbow Street |
Leominster |
Herefordshire |
HR6 8DQ |
MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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BALANCE SHEET |
31 JULY 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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BALANCE SHEET - continued |
31 JULY 2020 |
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The financial statements were approved by the Board of Directors and authorised for issue on
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MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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1. | STATUTORY INFORMATION |
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Middleton Groundcare Services Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Formation costs have been fully amortised in the current year. |
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Franchise costs are being amortised evenly over their estimated useful life of 5 years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Stocks |
Stocks and work in progress 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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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
Additions |
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At 31 July 2020 |
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AMORTISATION |
Charge for period |
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At 31 July 2020 |
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NET BOOK VALUE |
At 31 July 2020 |
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MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 July 2020 |
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DEPRECIATION |
Charge for period |
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At 31 July 2020 |
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NET BOOK VALUE |
At 31 July 2020 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
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COST |
Additions |
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At 31 July 2020 |
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DEPRECIATION |
Charge for period |
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At 31 July 2020 |
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NET BOOK VALUE |
At 31 July 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Prepayments and accrued income |
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MIDDLETON GROUNDCARE SERVICES LIMITED (REGISTERED NUMBER: 12101928) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JULY 2019 TO 31 JULY 2020 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Social security and other taxes | ( |
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VAT |
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Directors' current accounts |
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Accruals and deferred income |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Hire purchase contracts |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 4,167 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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100 Ordinary shares of £1 were issued during the period
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10. | RESERVES |
Retained |
earnings |
£ |
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Deficit for the period | ( |
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At 31 July 2020 | ( |
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