Registered number: 02539817 | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
Middlewich Autos Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Cheshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02539817 | ||||||||
BANKERS | ||||||||
Lloyds TSB plc | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
Middlewich Autos Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
Middlewich Autos Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
205,646 | 247,765 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 186,299 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 131,445 | 177,262 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 273,628 | 266,188 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
Middlewich Autos Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have not been prepared on the going concern basis. |
1c. Depreciation | ||||||||
Land And Buildings | straight line 2% | |||||||
Plant and Machinery | reducing balance 25 & 33% | |||||||
Fixtures and Fittings | straight line 10% | |||||||
Motor Cars | reducing balance 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
1f. Turnover | ||||||||
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts. |
Middlewich Autos Limited | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | Fixtures | ||||||||
Buildings | Machinery | and Fittings | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/07/2023 | 447,360 | 53,847 | 10,913 | 17,709 | 529,829 | |||||
Additions | - | - | 1,681 | - | 1,681 | |||||
At 30/06/2024 | 447,360 | 53,847 | 12,594 | 17,709 | 531,510 | |||||
Depreciation | ||||||||||
At 01/07/2023 | 48,630 | 35,117 | 6,418 | 17,454 | 107,619 | |||||
For the year | 6,947 | 4,682 | 1,259 | 64 | 12,952 | |||||
At 30/06/2024 | 55,577 | 39,799 | 7,677 | 17,518 | 120,571 | |||||
Net Book Amounts | ||||||||||
At 30/06/2024 | 410,939 | |||||||||
At 30/06/2023 | 422,210 | |||||||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 12,206 | 3,212 | ||||||
VAT | - | 1,310 | ||||||
12,206 | 4,522 | |||||||
Middlewich Autos Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 9,391 | 10,652 | ||||||
VAT | 1,185 | - | ||||||
PAYE control | 1,253 | 291 | ||||||
Salaries and wages control | 100 | - | ||||||
Directors current account | 10,285 | 19,251 | ||||||
Bank Loan | 22,168 | 23,520 | ||||||
Trade creditors | 2,291 | 4,768 | ||||||
Accruals | 3,130 | 2,984 | ||||||
49,803 | 61,466 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 19,167 | 19,167 | ||||||
Bank loans (secured) >1yr | 87,278 | 108,095 | ||||||
Other creditors > 1yr | 25,000 | 50,000 | ||||||
131,445 | 177,262 | |||||||
8. SECURED CREDITORS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 109,447 | 121,615 | ||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 61,709 | 65,059 | ||||||
61,709 | 65,059 | |||||||
Middlewich Autos Limited | ||||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100,000 | 100,000 | |||||||
100,000 | 100,000 | |||||||