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Registered Number: 08259178
England and Wales

 

 

 

MIDLAND TYRES AND EXHAUSTS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director Mohammed Shafiq
Registered Number 08259178
Registered Office 164 ROLFE STREET
SMETHWICK WEST MIDLANDS
Birmingham
B66 2AU
Accountants MY-Accounting & Business Advisors ltd
497a Stratford Road
Birmingham, UK
B11 4LE
1
  2024
    £ £
Fixed assets   40,796 
Current assets 43,655   
Creditors: amount falling due within one year (17,286)  
Net current assets   26,369 
Total assets less current liabilities   67,165 
Creditors: amount falling due after more than one year   (7,653)
Net assets   59,512 
 

     
Capital and reserves   59,512 
 
NOTES TO THE ACCOUNTS

General Information
MIDLAND TYRES AND EXHAUSTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08259178, registration address 164 ROLFE STREET, SMETHWICK WEST MIDLANDS, Birmingham, B66 2AU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 5.


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 24 July 2025 and were signed by:


--------------------------------
Mohammed Shafiq
Director
2