IRIS Accounts Production v24.3.0.553 09997858 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099978582023-02-28099978582024-02-29099978582023-03-012024-02-29099978582022-02-28099978582022-03-012023-02-28099978582023-02-2809997858ns15:EnglandWales2023-03-012024-02-2909997858ns14:PoundSterling2023-03-012024-02-2909997858ns10:Director12023-03-012024-02-2909997858ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909997858ns10:SmallEntities2023-03-012024-02-2909997858ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2909997858ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909997858ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909997858ns10:FullAccounts2023-03-012024-02-2909997858ns10:Director22023-03-012024-02-2909997858ns10:Director32023-03-012024-02-2909997858ns10:RegisteredOffice2023-03-012024-02-2909997858ns5:CurrentFinancialInstruments2024-02-2909997858ns5:CurrentFinancialInstruments2023-02-2809997858ns5:ShareCapital2024-02-2909997858ns5:ShareCapital2023-02-2809997858ns5:RetainedEarningsAccumulatedLosses2024-02-2909997858ns5:RetainedEarningsAccumulatedLosses2023-02-2809997858ns5:PlantMachinery2023-03-012024-02-2909997858ns5:FurnitureFittings2023-03-012024-02-2909997858ns5:ComputerEquipment2023-03-012024-02-2909997858ns5:PlantMachinery2023-02-2809997858ns5:FurnitureFittings2023-02-2809997858ns5:ComputerEquipment2023-02-2809997858ns5:PlantMachinery2024-02-2909997858ns5:FurnitureFittings2024-02-2909997858ns5:ComputerEquipment2024-02-2909997858ns5:PlantMachinery2023-02-2809997858ns5:FurnitureFittings2023-02-2809997858ns5:ComputerEquipment2023-02-28
REGISTERED NUMBER: 09997858 (England and Wales)















MIDLAND BODY REPAIRS LIMITED

Unaudited Financial Statements for the Year Ended 29 February 2024






MIDLAND BODY REPAIRS LIMITED (REGISTERED NUMBER: 09997858)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIDLAND BODY REPAIRS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M Khalil
J A Holyhead
Ms D K Sanghera





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 09997858 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MIDLAND BODY REPAIRS LIMITED (REGISTERED NUMBER: 09997858)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,990 5,049

CURRENT ASSETS
Stocks 9,725 11,850
Debtors 5 22,766 -
Cash at bank and in hand 52,400 39,127
84,891 50,977
CREDITORS
Amounts falling due within one year 6 41,672 35,295
NET CURRENT ASSETS 43,219 15,682
TOTAL ASSETS LESS CURRENT LIABILITIES 47,209 20,731

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,109 20,631
47,209 20,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





M Khalil - Director


MIDLAND BODY REPAIRS LIMITED (REGISTERED NUMBER: 09997858)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Midland Body Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

MIDLAND BODY REPAIRS LIMITED (REGISTERED NUMBER: 09997858)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 20,800 2,109 1,106 24,015
DEPRECIATION
At 1 March 2023 16,438 1,606 922 18,966
Charge for year 872 126 61 1,059
At 29 February 2024 17,310 1,732 983 20,025
NET BOOK VALUE
At 29 February 2024 3,490 377 123 3,990
At 28 February 2023 4,362 503 184 5,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,766 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,924 -
Tax 6,694 5,449
Social security and other taxes 2,824 2,725
Other creditors 70 1,887
Directors' current accounts 29,114 25,188
Accrued expenses 46 46
41,672 35,295