Company Registration No. 06802776 (England and Wales)
MIB Autotecniq Ltd
Unaudited accounts
for the year ended 31 January 2026
MIB Autotecniq Ltd
Statement of financial position
as at 31 January 2026
Tangible assets
49,544
17,452
Cash at bank and in hand
76,439
83,602
Creditors: amounts falling due within one year
(21,081)
6,519
Net current assets
66,857
102,817
Total assets less current liabilities
116,401
120,269
Creditors: amounts falling due after more than one year
(21,061)
(18,166)
Provisions for liabilities
Deferred tax
(8,433)
(3,316)
Called up share capital
1
1
Profit and loss account
86,906
98,786
Shareholders' funds
86,907
98,787
For the year ending 31 January 2026 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 5 October 2026 and were signed on its behalf by
Mark Bell
Director
Company Registration No. 06802776
MIB Autotecniq Ltd
Notes to the Accounts
for the year ended 31 January 2026
MIB Autotecniq Ltd is a private company, limited by shares, registered in England and Wales, registration number 06802776. The registered office is Easterly Barn, Grafton Lane, Bidford-on-Avon, Alcester, Warwickshire, B50 4LE.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MIB Autotecniq Ltd
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
42,175
9,038
5,189
56,402
Additions
55,445
-
-
55,445
Disposals
(42,175)
-
-
(42,175)
At 31 January 2026
55,445
9,038
5,189
69,672
At 1 February 2025
25,480
8,600
4,870
38,950
Charge for the year
10,862
110
80
11,052
On disposals
(29,874)
-
-
(29,874)
At 31 January 2026
6,468
8,710
4,950
20,128
At 31 January 2026
48,977
328
239
49,544
At 31 January 2025
16,695
438
319
17,452
Amounts falling due within one year
Trade debtors
6,897
10,742
Accrued income and prepayments
4,602
1,954
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
8,050
4,562
Trade creditors
21,203
(497)
Taxes and social security
(16)
4,918
Loans from directors
(10,445)
(18,288)
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
21,061
18,166
MIB Autotecniq Ltd
Notes to the Accounts
for the year ended 31 January 2026
8
Deferred taxation
2026
2025
Accelerated capital allowances
9,414
3,316
Tax losses carried forward
(981)
-
Provision at start of year
3,316
5,367
Charged/(credited) to the profit and loss account
5,117
(2,051)
Provision at end of year
8,433
3,316
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mark Bell
18,288
-
7,843
10,445
11
Average number of employees
During the year the average number of employees was 1 (2025: 1).