Company Registration No. 09261935 (England and Wales)
MIJ EXHAUST LTD
Unaudited accounts
for the year ended 31 October 2024
MIJ EXHAUST LTD
Unaudited accounts
Contents
MIJ EXHAUST LTD
Company Information
for the year ended 31 October 2024
Company Number
09261935 (England and Wales)
Registered Office
5 HIGHGATE BUSINESS CENTRE
HIGHGATE ROAD
BIRMINGHAM
B12 8EA
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
MIJ EXHAUST LTD
Statement of financial position
as at 31 October 2024
Tangible assets
26,625
23,336
Inventories
67,843
101,873
Cash at bank and in hand
1,536
1,355
Creditors: amounts falling due within one year
(83,404)
(98,549)
Net current assets
15,475
6,393
Total assets less current liabilities
42,100
29,729
Creditors: amounts falling due after more than one year
(146,637)
(176,920)
Net liabilities
(104,537)
(147,191)
Called up share capital
1
1
Profit and loss account
(104,538)
(147,192)
Shareholders' funds
(104,537)
(147,191)
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Jhangir Hussain
Director
Company Registration No. 09261935
MIJ EXHAUST LTD
Notes to the Accounts
for the year ended 31 October 2024
MIJ EXHAUST LTD is a private company, limited by shares, registered in England and Wales, registration number 09261935. The registered office is 5 HIGHGATE BUSINESS CENTRE, HIGHGATE ROAD, BIRMINGHAM, B12 8EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
At 18% Reducing Balance Basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2023
16,550
23,035
39,585
At 31 October 2024
16,550
28,535
45,085
At 1 November 2023
-
16,249
16,249
Charge for the year
-
2,211
2,211
At 31 October 2024
-
18,460
18,460
At 31 October 2024
16,550
10,075
26,625
At 31 October 2023
16,550
6,786
23,336
MIJ EXHAUST LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Deferred tax asset
1,703
1,714
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
41,605
45,268
Taxes and social security
41,697
49,345
Loans from directors
102
3,936
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
95,753
143,379
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 9 (2023: 13).