Silverfin false 31/12/2021 31/12/2021 01/01/2021 A Middleton 11/11/2014 J Middleton 11/11/2014 M Middleton 11/11/2014 30 June 2022 The principal activity of the Company is motor bodywork and maintenance. 09306536 2021-12-31 09306536 bus:Director1 2021-12-31 09306536 bus:Director2 2021-12-31 09306536 bus:Director3 2021-12-31 09306536 2020-12-31 09306536 core:CurrentFinancialInstruments 2021-12-31 09306536 core:CurrentFinancialInstruments 2020-12-31 09306536 core:Non-currentFinancialInstruments 2021-12-31 09306536 core:Non-currentFinancialInstruments 2020-12-31 09306536 core:ShareCapital 2021-12-31 09306536 core:ShareCapital 2020-12-31 09306536 core:RetainedEarningsAccumulatedLosses 2021-12-31 09306536 core:RetainedEarningsAccumulatedLosses 2020-12-31 09306536 core:Goodwill 2020-12-31 09306536 core:Goodwill 2021-12-31 09306536 core:LandBuildings 2020-12-31 09306536 core:OtherPropertyPlantEquipment 2020-12-31 09306536 core:LandBuildings 2021-12-31 09306536 core:OtherPropertyPlantEquipment 2021-12-31 09306536 core:MoreThanFiveYears 2021-12-31 09306536 core:MoreThanFiveYears 2020-12-31 09306536 2021-01-01 2021-12-31 09306536 bus:FullAccounts 2021-01-01 2021-12-31 09306536 bus:SmallEntities 2021-01-01 2021-12-31 09306536 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 09306536 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09306536 bus:Director1 2021-01-01 2021-12-31 09306536 bus:Director2 2021-01-01 2021-12-31 09306536 bus:Director3 2021-01-01 2021-12-31 09306536 core:Goodwill 2021-01-01 2021-12-31 09306536 core:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 09306536 2020-01-01 2020-12-31 09306536 core:LandBuildings 2021-01-01 2021-12-31 09306536 core:Non-currentFinancialInstruments 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Company No: 09306536 (England and Wales)

MIDDLETONS MOTOR CARE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

MIDDLETONS MOTOR CARE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

MIDDLETONS MOTOR CARE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
MIDDLETONS MOTOR CARE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTORS A Middleton
J Middleton
M Middleton
REGISTERED OFFICE 3 Filers Way
Weston Gateway Business Park
Weston-Super-Mare
BS24 7JP
United Kingdom
COMPANY NUMBER 09306536 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
3 Filers Way
Weston Gateway Business Park
Weston-super-Mare
Somerset
BS24 7JP
MIDDLETONS MOTOR CARE LIMITED

BALANCE SHEET

As at 31 December 2021
MIDDLETONS MOTOR CARE LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 4 180,861 173,400
180,861 173,400
Current assets
Stocks 12,750 1,750
Debtors 5 46,029 55,777
Cash at bank and in hand 359,035 204,222
417,814 261,749
Creditors
Amounts falling due within one year 6 ( 122,036) ( 127,888)
Net current assets 295,778 133,861
Total assets less current liabilities 476,639 307,261
Creditors
Amounts falling due after more than one year 7 ( 40,833) 0
Net assets 435,806 307,261
Capital and reserves
Called-up share capital 3 3
Profit and loss account 435,803 307,258
Total shareholders' funds 435,806 307,261

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Middletons Motor Care Limited (registered number: 09306536) were approved and authorised for issue by the Board of Directors on 30 June 2022. They were signed on its behalf by:

A Middleton
Director
MIDDLETONS MOTOR CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
MIDDLETONS MOTOR CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Middletons Motor Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Government grants

During the year, other income of £5,186 was received from the government under the coronavirus job retention scheme. In addition a further grant of £1,264 was received by the in relation to the Bounce Back Loan scheme to whereby the government paid interest due for the first 12 months. The amount of grants recognised in the financial statements was £6,451 (2020: £65,156).

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 13

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2021 108,750 108,750
At 31 December 2021 108,750 108,750
Accumulated amortisation
At 01 January 2021 108,750 108,750
At 31 December 2021 108,750 108,750
Net book value
At 31 December 2021 0 0
At 31 December 2020 0 0

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2021 107,674 117,966 225,640
Additions 0 25,678 25,678
At 31 December 2021 107,674 143,644 251,318
Accumulated depreciation
At 01 January 2021 2,278 49,962 52,240
Charge for the financial year 620 17,597 18,217
At 31 December 2021 2,898 67,559 70,457
Net book value
At 31 December 2021 104,776 76,085 180,861
At 31 December 2020 105,396 68,004 173,400

5. Debtors

2021 2020
£ £
Trade debtors 46,029 28,495
Other debtors 0 27,282
46,029 55,777

6. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 23,386 15,842
Other creditors 18,245 20,282
Corporation tax 46,171 54,066
Other taxation and social security 34,234 37,698
122,036 127,888

7. Creditors: amounts falling due after more than one year

2021 2020
£ £
Bank loans 40,833 0

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2021 2020
£ £
Bank loans (repayable by instalments) 833 0

8. Related party transactions

Transactions with the entity's directors

2021 2020
£ £
Directors loan account (2,824) (14,808)

The directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 January 2021, the balance was (£14,808). During the year, £303,332 was advanced to the directors, and £288,524 was repaid by the directors. The balance at 31 December 2021 was (£2,824)

At January 2020, the balance was (£36,670). During the year, £112,848 was advanced to the directors, and £90,985 was repaid by the directors. The balance at 31 December 2020 was (£14,808).