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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
Page
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MIJ EXHAUST LTD Company Information for the year ended 31 October 2024
Director
Jhangir Hussain
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
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MIJ EXHAUST LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,625 
23,336 
Current assets
Inventories
67,843 
101,873 
Debtors
29,500 
1,714 
Cash at bank and in hand
1,536 
1,355 
98,879 
104,942 
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)
Capital and reserves
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
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MIJ EXHAUST LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Additions
- 
5,500 
5,500 
At 31 October 2024
16,550 
28,535 
45,085 
Depreciation
At 1 November 2023
- 
16,249 
16,249 
Charge for the year
- 
2,211 
2,211 
At 31 October 2024
- 
18,460 
18,460 
Net book value
At 31 October 2024
16,550 
10,075 
26,625 
At 31 October 2023
16,550 
6,786 
23,336 
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MIJ EXHAUST LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,797 
- 
Deferred tax asset
1,703 
1,714 
29,500 
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 
83,404 
98,549 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
50,884 
33,541 
Other creditors
95,753 
143,379 
146,637 
176,920 
8
Share capital
2024 
2023 
£ 
£ 
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).
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