Silverfin false false 31/08/2025 01/09/2024 31/08/2025 I N Hiskins 14/12/1990 08 June 2026 The principal activity of the company in the year under review was that of motor engineering. 00508801 2025-08-31 00508801 bus:Director1 2025-08-31 00508801 2024-08-31 00508801 core:CurrentFinancialInstruments 2025-08-31 00508801 core:CurrentFinancialInstruments 2024-08-31 00508801 core:ShareCapital 2025-08-31 00508801 core:ShareCapital 2024-08-31 00508801 core:RevaluationReserve 2025-08-31 00508801 core:RevaluationReserve 2024-08-31 00508801 core:CapitalRedemptionReserve 2025-08-31 00508801 core:CapitalRedemptionReserve 2024-08-31 00508801 core:RetainedEarningsAccumulatedLosses 2025-08-31 00508801 core:RetainedEarningsAccumulatedLosses 2024-08-31 00508801 core:ConstructionInProgressAssetsUnderConstruction 2024-08-31 00508801 core:FurnitureFittings 2024-08-31 00508801 core:ConstructionInProgressAssetsUnderConstruction 2025-08-31 00508801 core:FurnitureFittings 2025-08-31 00508801 core:CurrentFinancialInstruments 9 2025-08-31 00508801 core:CurrentFinancialInstruments 9 2024-08-31 00508801 bus:OrdinaryShareClass1 2025-08-31 00508801 2024-09-01 2025-08-31 00508801 bus:FilletedAccounts 2024-09-01 2025-08-31 00508801 bus:SmallEntities 2024-09-01 2025-08-31 00508801 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 00508801 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 00508801 bus:Director1 2024-09-01 2025-08-31 00508801 core:FurnitureFittings 2024-09-01 2025-08-31 00508801 2023-09-01 2024-08-31 00508801 core:ConstructionInProgressAssetsUnderConstruction 2024-09-01 2025-08-31 00508801 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 00508801 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00508801 (England and Wales)

# MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## COMPANY INFORMATION

For the financial year ended 31 August 2025
MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## COMPANY INFORMATION (continued)

For the financial year ended 31 August 2025

DIRECTOR | I N Hiskins

SECRETARY | T D Hiskins

REGISTERED OFFICE | The Drey Chapel Lane
| Whittington
| Lichfield
| WS14 9JT
| United Kingdom

COMPANY NUMBER | 00508801 (England and Wales)

ACCOUNTANT | S&W Partners LLP
| Stonecross
| Trumpington High Street
| Cambridge
| CB2 9SU

MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## STATEMENT OF FINANCIAL POSITION

As at 31 August 2025
MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Tangible assets | 4 | 66,745 |  | 66,978
Investment property | 5 | 215,000 |  | 376,736
|  | 281,745 |  | 443,714
Current assets |  |  |  |
Debtors | 6 | 4,720 |  | 7,665
Cash at bank and in hand |  | 13,049 |  | 10,579
|  | 17,769 |  | 18,244
Creditors: amounts falling due within one year | 7 | ( 12,023) |  | ( 5,028)
Net current assets |  | 5,746 |  | 13,216
Total assets less current liabilities |  | 287,491 |  | 456,930
Net assets |  | 287,491 |  | 456,930
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,698 |  | 1,698
Revaluation reserve |  | 0 |  | 255,395
Capital redemption reserve |  | 2,647 |  | 2,647
Profit and loss account |  | 283,146 |  | 197,190
Total shareholders' funds |  | 287,491 |  | 456,930

For the financial year ending 31 August 2025 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 financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Midland Auto-Electrical Company (Lichfield) Limited(The) (registered number: 00508801) were approved and authorised for issue by the Director on 08 June 2026. They were signed on its behalf by:

I N Hiskins Director |

MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
MIDLAND AUTO-ELECTRICAL COMPANY (LICHFIELD) LIMITED(THE)

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Midland Auto-Electrical Company (Lichfield) Limited(The) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Drey Chapel Lane, Whittington, Lichfield, WS14 9JT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Midland Auto-Electrical Company (Lichfield) Limited(The) is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Assets under construction | not depreciated
Fixtures and fittings | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

#### 2. Prior year adjustment

During the year, the Company reassessed the classification of certain property assets in accordance with FRS 102. As a result, land and buildings previously included within tangible fixed assets with a historical cost of £442,783 were reclassified to investment property at a carrying value of £376,736.
This reclassification required the removal of previously recognised depreciation associated with these assets. The cumulative depreciation of £166,617 was therefore eliminated, resulting in an adjustment to opening retained earnings. Consequently, retained earnings increased from £30,157 to £196,774.
In addition, the prior year profit or loss has been restated to reflect the reversal of depreciation charges relating to these assets. For the year ended 31 August 2024, the previously reported loss of £3,787 has been restated to a profit of £416, following the reversal of depreciation expense of £4,203.
The revised retained earning opening balance, as at 1 September 2024, totalled £197,190, previously £26,370.
The comparative figures for the year ended 31 August 2025 have been restated accordingly.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 3 |  | 3

#### 4. Tangible assets

| Assets under construc- tion |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 September 2024 | 66,047 |  | 15,088 |  | 81,135
At 31 August 2025 | 66,047 |  | 15,088 |  | 81,135
Accumulated depreciation |  |  |  |  |
At 01 September 2024 | 0 |  | 14,157 |  | 14,157
Charge for the financial year | 0 |  | 233 |  | 233
At 31 August 2025 | 0 |  | 14,390 |  | 14,390
Net book value |  |  |  |  |
At 31 August 2025 | 66,047 |  | 698 |  | 66,745
At 31 August 2024 | 66,047 |  | 931 |  | 66,978

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 September 2024 | 376,736
Fair value movement | (161,736)
As at 31 August 2025 | 215,000

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
S455 | 1,512 |  | 0
Other debtors | 3,208 |  | 7,665
| 4,720 |  | 7,665

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 3,341 |  | 1,996
Other creditors | 8,682 |  | 3,032
| 12,023 |  | 5,028

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,698 Ordinary shares of £ 1.00 each | 1,698 |  | 1,698