4 false false true false false false false false false false true false false true false true true No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,762 3,035 14,797 11,028 754 11,782 3,015 734 xbrli:pure xbrli:shares iso4217:GBP 04124850 2022-02-01 2023-01-31 04124850 2023-01-31 04124850 2022-01-31 04124850 2021-02-01 2022-01-31 04124850 2022-01-31 04124850 2021-01-31 04124850 bus:Director1 2022-02-01 2023-01-31 04124850 core:WithinOneYear 2023-01-31 04124850 core:WithinOneYear 2022-01-31 04124850 core:AfterOneYear 2023-01-31 04124850 core:AfterOneYear 2022-01-31 04124850 core:ShareCapital 2023-01-31 04124850 core:ShareCapital 2022-01-31 04124850 core:RetainedEarningsAccumulatedLosses 2023-01-31 04124850 core:RetainedEarningsAccumulatedLosses 2022-01-31 04124850 bus:SmallEntities 2022-02-01 2023-01-31 04124850 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 04124850 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 04124850 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04124850 bus:FullAccounts 2022-02-01 2023-01-31 04124850 core:ToolsEquipment 2022-01-31 04124850 core:ToolsEquipment 2022-02-01 2023-01-31 04124850 core:ToolsEquipment 2023-01-31
COMPANY REGISTRATION NUMBER: 04124850
Middx Tyres Ltd
Filleted Unaudited Financial Statements
31 January 2023
Middx Tyres Ltd
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,015
734
Current assets
Stocks
18,115
17,520
Debtors
6
3,619
2,084
Cash at bank and in hand
4,341
5,078
--------
--------
26,075
24,682
Creditors: amounts falling due within one year
7
12,585
7,086
--------
--------
Net current assets
13,490
17,596
--------
--------
Total assets less current liabilities
16,505
18,330
Creditors: amounts falling due after more than one year
8
36,116
41,000
--------
--------
Net liabilities
( 19,611)
( 22,670)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 19,612)
( 22,671)
--------
--------
Shareholders deficit
( 19,611)
( 22,670)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Middx Tyres Ltd
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 17 October 2023 , and are signed on behalf of the board by:
H SINGH
Director
Company registration number: 04124850
Middx Tyres Ltd
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41-43, THE GREEN, SOUTHALL, MIDDX, UB2 4AN, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2022
11,762
11,762
Additions
3,035
3,035
--------
--------
At 31 January 2023
14,797
14,797
--------
--------
Depreciation
At 1 February 2022
11,028
11,028
Charge for the year
754
754
--------
--------
At 31 January 2023
11,782
11,782
--------
--------
Carrying amount
At 31 January 2023
3,015
3,015
--------
--------
At 31 January 2022
734
734
--------
--------
6. Debtors
2023
2022
£
£
Other debtors
3,619
2,084
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,134
293
Social security and other taxes
7,573
2,315
Other creditors
3,878
4,478
--------
-------
12,585
7,086
--------
-------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bounce back loan
36,116
41,000
--------
--------
9. Director's advances, credits and guarantees
Directors loan account relates to directors current account
10. Related party transactions
The company was under the control of MR HARDEEP SINGH throughout the current and previous year. MR HARDEEP SINGH is the managing director and majority shareholder.