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Registered number: 15156973
Midland Car Repairs Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
NKP Accountants
ATT, ACCA, CTA
Kings House
St. Johns Square
Wolverhampton
West Midlands
WV2 4DT
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15156973
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,815 31,670
27,815 31,670
CURRENT ASSETS
Cash at bank and in hand 54,313 15,183
54,313 15,183
Creditors: Amounts Falling Due Within One Year 5 (59,820 ) (46,416 )
NET CURRENT ASSETS (LIABILITIES) (5,507 ) (31,233 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,308 437
NET ASSETS 22,308 437
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 22,208 337
SHAREHOLDERS' FUNDS 22,308 437
For the year ending 31 March 2025 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C J Owen
Director
17/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Midland Car Repairs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15156973 . The registered office is 176 Queen Strret, Wolverhampton, WS2 9NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 33,226 9,000 42,226
Additions 8,187 - 8,187
As at 31 March 2025 41,413 9,000 50,413
Depreciation
As at 1 April 2024 8,306 2,250 10,556
Provided during the period 10,354 1,688 12,042
As at 31 March 2025 18,660 3,938 22,598
Net Book Value
As at 31 March 2025 22,753 5,062 27,815
As at 1 April 2024 24,920 6,750 31,670
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 1 1
Other creditors 58,783 46,415
Taxation and social security 1,036 -
59,820 46,416
6. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3