Midland Motor Bodies & Conversions Ltd - Period Ending 2019-01-31

Registration number: 11167670

Midland Motor Bodies & Conversions Ltd

Annual Report and Unaudited Financial Statements

for the Period from 24 January 2018 to 31 January 2019

Midland Motor Bodies & Conversions Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 5

Midland Motor Bodies & Conversions Ltd

Company Information

Directors

Mr G Johnston Mr PW Hughes Mr JL Richardson Mr NL Mulholland

Registered office

30 Inkerman Street Birmingham West Midlands B7 4SB

Accountants

Hill Lillis & Company Ltd Chartered Tax Advisers 98 Sheffield Road Sutton Coldfield West Midlands B73 5HW

Page 1

Midland Motor Bodies & Conversions Ltd

(Registration number: 11167670)
Balance Sheet as at 31 January 2019

	Note	2019 £
Current assets
Debtors	3		6,989
Cash at bank and in hand			3,505
			10,494
Creditors: Amounts falling due within one year	4		(34,164)
Net liabilities			(23,670)
Capital and reserves
Called up share capital		100
Profit and loss account		(23,770)
Total equity			(23,670)

For the financial period ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 2

Midland Motor Bodies & Conversions Ltd

(Registration number: 11167670)
Balance Sheet as at 31 January 2019

Approved and authorised by the Board on 22 October 2019 and signed on its behalf by:
 

.........................................

Mr G Johnston
Director

.........................................

Mr PW Hughes
Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Midland Motor Bodies & Conversions Ltd

Notes to the Financial Statements for the Period from 24 January 2018 to 31 January 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
30 Inkerman Street
Birmingham
West Midlands
B7 4SB
United Kingdom

These financial statements were authorised for issue by the Board on 22 October 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as the directors and shareholders continue to financially support the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Page 4

Midland Motor Bodies & Conversions Ltd

Notes to the Financial Statements for the Period from 24 January 2018 to 31 January 2019

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments

3

Debtors

	2019 £
Trade debtors	5,989
Prepayments	1,000
	6,989

4

Creditors

Creditors: amounts falling due within one year

	2019 £
Due within one year
Trade creditors	1,922
Taxation and social security	6,021
Accruals and deferred income	1,000
Other creditors	25,221
	34,164

Page 5