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Registered number: 02539817

Middlewich Autos Limited

ACCOUNTS
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
Philip Mizzi
Andrew Mizzi
REGISTERED OFFICE
The Old Smithy
Brooks Lane
Middlewich
Cheshire
CW10 0JH
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 Sheet3
Notes To The Accounts4

Middlewich Autos Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3410,939422,210
CURRENT ASSETS
Stock170,969158,108
Debtors512,2064,522
Cash at bank and in hand22,47185,135
205,646247,765
CREDITORS: Amounts falling due within one year649,80361,466
NET CURRENT ASSETS155,843186,299
TOTAL ASSETS LESS CURRENT LIABILITIES566,782608,509
CREDITORS: Amounts falling due after more than one year7131,445177,262
PROVISIONS FOR LIABILITIES AND CHARGES961,70965,059
NET ASSETS373,628366,188
CAPITAL AND RESERVES
Called up share capital10100,000100,000
Profit and loss account273,628266,188
SHAREHOLDERS' FUNDS373,628366,188
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2024 and signed on their behalf by
Philip Mizzi
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 25 & 33%
Fixtures and Fittingsstraight line 10%
Motor Carsreducing 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
20242023
No.No.
Average number of employees32
3. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsMotor CarsTotal
£££££
Cost
At 01/07/2023447,36053,84710,91317,709529,829
Additions--1,681-1,681
At 30/06/2024447,36053,84712,59417,709531,510
Depreciation
At 01/07/202348,63035,1176,41817,454107,619
For the year6,9474,6821,2596412,952
At 30/06/202455,57739,7997,67717,518120,571
Net Book Amounts
At 30/06/2024391,78314,0484,917191410,939
At 30/06/2023398,73018,7304,495255422,210
4. STOCK 20242023
££
Stock comprises:
Stock170,969158,108
170,969158,108
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors12,2063,212
VAT-1,310
12,2064,522

Middlewich Autos Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax9,39110,652
VAT1,185-
PAYE control1,253291
Salaries and wages control100-
Directors current account10,28519,251
Bank Loan22,16823,520
Trade creditors2,2914,768
Accruals3,1302,984
49,80361,466
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr19,16719,167
Bank loans (secured) >1yr87,278108,095
Other creditors > 1yr25,00050,000
131,445177,262
8. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured109,447121,615
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation61,70965,059
61,70965,059

Middlewich Autos Limited

10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100,000 Ordinary shares of £1 each100,000100,000
100,000100,000