MIDLAND MOTORHOUSE LTD


Directors	Mohammed Khalid Bin Alim
	Dale Buttery


Registered Address	63 Leaders Way
	Lutterworth
	LE17 4YS


Registered Number	11399108 (England and Wales)

Balance Sheet as at
31 July 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		12,000		16,800
Tangible assets	4		3,506		4,863
			15,506		21,663
Current assets
Stocks	5	169,267		161,329
Debtors	6	16,113		4,675
Cash at bank and on hand		8,731		17,404
		194,111		183,408
Creditors amounts falling due within one year	7	(171,923)		(158,813)
Net current assets (liabilities)			22,188		24,595
Total assets less current liabilities			37,694		46,258
Creditors amounts falling due after one year	8		(3,333)		(7,333)
Net assets			34,361		38,925
Capital and reserves
Called up share capital			100		100
Profit and loss account			34,261		38,825
Shareholders' funds			34,361		38,925

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2025, and are signed on its behalf by:

Dale Buttery
Director

Mohammed Khalid Bin Alim
Director

Registered Company No. 11399108

MIDLAND MOTORHOUSE LTD

Notes to the Financial Statements
for the year ended 31 July 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	20	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 August 23	24,000	24,000
At 31 July 24	24,000	24,000
Amortisation and impairment
At 01 August 23	7,200	7,200
Charge for year	4,800	4,800
At 31 July 24	12,000	12,000
Net book value
At 31 July 24	12,000	12,000
At 31 July 23	16,800	16,800

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 August 23	5,366	1,923	7,289
At 31 July 24	5,366	1,923	7,289
Depreciation and impairment
At 01 August 23	1,785	641	2,426
Charge for year	716	641	1,357
At 31 July 24	2,501	1,282	3,783
Net book value
At 31 July 24	2,865	641	3,506
At 31 July 23	3,581	1,282	4,863

5.	Stocks

	2024	2023
	£	£
Other stocks	169,267	161,329
Total	169,267	161,329

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	7,541	-
Prepayments and accrued income	8,572	4,675
Total	16,113	4,675

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,605	10,120
Bank borrowings and overdrafts	15,048	17,469
Taxation and social security	47,402	30,342
Other creditors	101,373	90,704
Accrued liabilities and deferred income	5,495	10,178
Total	171,923	158,813


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	3,333	7,333
Total	3,333	7,333