Midas Cladding Services Limited in Peterlee, SR8 2RR

Description

Data updated on: 01-11-2023

Registered with number 02894063 30 years ago, Midas Cladding Services Limited is a Private Limited Company. The firm's latest office address is 3 Fern Court, Bracken Hill Business Park Peterlee. This firm's SIC code is 43910 which means Roofing activities. Midas Cladding Services Ltd released its account information for the period up to 28th February 2023. The firm's most recent annual confirmation statement was submitted on 2nd February 2023.

We have identified 2 councils and public departments cooperating with the company. The biggest counter party of them all is the Hartlepool Borough Council, with over 127 transactions from worth at least 500 pounds each, amounting to £175,114 in total. The company also worked with the Middlesbrough Council (1 transaction worth £3,526 in total). Midas Cladding Services was the service provided to the Hartlepool Borough Council Council covering the following areas: Sub Contractors and Purchase-general Office Equipment was also the service provided to the Middlesbrough Council Council covering the following areas: Hired & Contracted Services.

We have a group of two directors leading the limited company at the moment, specifically Martin G. and Kevan J. who have been executing the directors responsibilities since 2014.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-02-28	2012-02-29	2013-02-28	2017-02-28	2018-02-28	2019-02-28	2020-02-29	2021-02-28	2022-02-28	2023-02-28
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	373 357	398 088	283 178

Balance Sheet
Cash Bank On Hand				237	22		234 191	200 385	351	176 223
Current Assets	431 802	505 855	420 012	1 461 905	1 379 831	1 814 599	1 525 440	1 643 352	1 965 831	1 798 032
Debtors	391 830	495 303	396 326	1 455 724	1 374 459	1 809 249	1 285 399	1 437 117	1 947 946	1 618 809
Net Assets Liabilities				831 713	904 665	770 554	778 641	990 740	1 166 581	1 380 592
Other Debtors				3 292	12 573	38 493	55 132	92 205	144 965	254 509
Property Plant Equipment				475 388	449 928	416 959	418 726	403 729	435 793	402 555
Total Inventories				5 944	5 350	5 350	5 850	5 850	17 534	3 000
Cash Bank In Hand	37 212	6 832	19 526
Net Assets Liabilities Including Pension Asset Liability	373 357	398 088	283 178
Stocks Inventory	2 760	3 720	4 160
Tangible Fixed Assets	468 520	516 317	510 348

Capital & Reserves
Called Up Share Capital	200	200	200
Profit Loss Account Reserve	373 157	397 888	282 978
Shareholder Funds	373 357	398 088	283 178

Other Financial Data
Instalment Debts Falling Due After5 Years	132 413	102 765
Secured Debts	236 413	346 094	343 123
Accumulated Amortisation Impairment Intangible Assets								5 000	5 000
Accumulated Depreciation Impairment Property Plant Equipment				302 001	314 335	277 060	299 505	311 412	333 755	361 504
Amounts Owed By Related Parties								561 125	561 125
Average Number Employees During Period				56	48	35	25	30	32	34
Bank Borrowings Overdrafts				27 600	116 259	164 500	122 500	192 407	130 465	73 385
Corporation Tax Payable				6 000	22 700			-40 351	19 841
Creditors				100 764	123 122	165 867	138 601	206 257	141 315	147 835
Future Minimum Lease Payments Under Non-cancellable Operating Leases				5 504	5 504	34 950	28 512	11 405	13 850
Increase From Depreciation Charge For Year Property Plant Equipment					29 941	23 527	22 445	24 340	25 132	29 437
Intangible Assets Gross Cost							5 000	5 000	5 000
Net Current Assets Liabilities	120 450	84 167	-59 678	469 089	588 859	525 462	501 717	799 734	880 960	1 133 485
Other Creditors				2 928	213 403	132 574	280 322	75 780	92 665	85 249
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment									2 789
Other Disposals Property Plant Equipment									4 850
Other Taxation Social Security Payable				25 660	145 659	104 158	110 016	27 725	45 217	44 596
Property Plant Equipment Gross Cost				777 389	764 263	694 019	718 231	715 141	769 548	764 059
Provisions For Liabilities Balance Sheet Subtotal				12 000	11 000	6 000	8 201	6 466	8 857	7 613
Total Additions Including From Business Combinations Property Plant Equipment					7 768	10 565	24 212	14 244	59 257	1 111
Total Assets Less Current Liabilities	588 970	600 484	450 670	944 477	1 038 787	942 421	925 443	1 203 463	1 316 753	1 536 040
Trade Creditors Trade Payables				454 972	297 174	790 200	268 293	381 057	633 533	464 932
Trade Debtors Trade Receivables				1 048 134	858 940	1 205 908	665 406	783 787	1 241 856	793 075
Amount Specific Advance Or Credit Directors				31 727	1 323			3 020
Amount Specific Advance Or Credit Made In Period Directors				18 531	38 385	991		10 596
Amount Specific Advance Or Credit Repaid In Period Directors				50 004	5 335	2 314		7 576
Accrued Liabilities				214 071	208 730
Amounts Owed By Associates				390 002	502 946	564 848	564 861	561 125
Bank Borrowings				118 248	143 859	206 500	164 500	249 407		132 305
Bank Overdrafts				44 409	99 573	215 122	319 014	299 058
Creditors Due After One Year		185 965	155 725
Creditors Due Within One Year		421 688	479 690
Disposals Decrease In Depreciation Impairment Property Plant Equipment					17 607	60 802		12 433		1 688
Disposals Property Plant Equipment					20 894	80 809		17 334		6 600
Finance Lease Liabilities Present Value Total				10 116	6 863	1 367	16 101	13 850	10 850	10 850
Increase Decrease In Property Plant Equipment					4 850		23 344
Number Shares Allotted			200
Number Shares Issued But Not Fully Paid					300
Number Shares Issued Fully Paid						200	200	200
Par Value Share			1		1	1	1	1
Prepayments				14 296	11 250
Provisions For Liabilities Charges	0	16 431	11 767
Share Capital Allotted Called Up Paid		200	200
Tangible Fixed Assets Additions		91 239	35 460
Tangible Fixed Assets Cost Or Valuation	590 558	647 518	682 978
Tangible Fixed Assets Depreciation	122 038	131 201	172 630
Tangible Fixed Assets Depreciation Charged In Period			41 429
Total Borrowings				183 490	257 858	428 072	503 693	565 313		143 155
Amounts Owed By Group Undertakings									561 125	571 225
Amounts Owed To Group Undertakings										74 450
Fixed Assets	468 520	516 317				416 959	423 726	403 729	435 793	402 555
Intangible Assets							5 000
Total Additions Including From Business Combinations Intangible Assets							5 000
Creditors Due After One Year Total Noncurrent Liabilities	215 613	185 965
Creditors Due Within One Year Total Current Liabilities	311 352	421 688
Tangible Fixed Assets Depreciation Charge For Period		32 432
Tangible Fixed Assets Depreciation Disposals		-23 269
Tangible Fixed Assets Disposals		-34 279