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Midas MOT & Repair Centre Limited
Registered Number:10161125
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
Midas MOT & Repair Centre Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10161125
As at 31 May 2023
Midas MOT & Repair Centre Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
878
6,295
2
878
6,295
Current assets
Inventories
520
500
3
Trade and other receivables
495
3,444
4
12,084
Cash and cash equivalents
20,875
24,819
13,099
Trade and other payables: amounts falling due within one
year
(31,328)
(38,464)
5
(18,229)
(13,645)
Net current liabilities
Total assets less current liabilities
(12,767)
(11,934)
(12,767)
Net liabilities
(11,934)
Capital and reserves
Called up share capital
3
3
Retained earnings
(12,770)
(11,937)
(12,767)
(11,934)
Shareholders' funds
For the year ended 31 May 2023 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr David Hardy Director
These financial statements were approved and authorised for issue by the Board on 23 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2023
Midas MOT & Repair Centre Limited
Notes to the Financial Statements
Statutory Information
Midas MOT & Repair Centre Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10161125.
Registered address:
Unit 10D, Shaw Lane Industrial Estate
Ogden Road
Doncaster
South Yorkshire
DN2 4SQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 June 2022
57,901
1,060
25,119
31,722
225
-
-
225
Additions
At 31 May 2023
31,947
25,119
1,060
58,126
Provision for depreciation and impairment
At 01 June 2022
51,606
1,060
20,096
30,450
Charge for year
5,642
-
5,023
619
At 31 May 2023
57,248
1,060
25,119
31,069
At 31 May 2023
Net book value
878
-
-
878
At 31 May 2022
1,272
5,023
-
6,295
3. Inventories
2022
2023
£
£
Stocks
500
520
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5
For the year ended 31 May 2023
Midas MOT & Repair Centre Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2022
2023
£
£
Other debtors
3,444
495
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
11,372
9,142
Taxation and social security
3,050
3,491
Other creditors
24,042
18,695
38,464
31,328
6. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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