Company Registration No. 07048764 (England and Wales)
M L AUTO REPAIRS LIMITED
Unaudited accounts
for the year ended 31 October 2019
M L AUTO REPAIRS LIMITED
Unaudited accounts
Contents
M L AUTO REPAIRS LIMITED
Company Information
for the year ended 31 October 2019
Directors
Mr S Lowe
Mr C Miller
Company Number
07048764 (England and Wales)
Registered Office
DARBY LANE
HINDLEY
WIGAN
LANCASHIRE
WN2 3DW
Accountants
P A Hull & Co
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of M L AUTO REPAIRS LIMITED for the year ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
M L AUTO REPAIRS LIMITED for the year ended
31 October 2019 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
18 March 2020
M L AUTO REPAIRS LIMITED
Statement of financial position
as at
31 October 2019
Tangible assets
175,972
168,585
Cash at bank and in hand
18,471
25,996
Creditors: amounts falling due within one year
(33,892)
(40,560)
Net current liabilities
(10,921)
(9,564)
Total assets less current liabilities
165,051
159,021
Creditors: amounts falling due after more than one year
(100,956)
(105,240)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
63,247
52,933
Shareholders' funds
63,347
53,033
For the year ending 31 October 2019 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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.
Approved by the Board on 18 March 2020.
Mr C Miller
Director
Company Registration No. 07048764
M L AUTO REPAIRS LIMITED
Notes to the Accounts
for the year ended 31 October 2019
M L AUTO REPAIRS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07048764. The registered office is DARBY LANE, HINDLEY, WIGAN, LANCASHIRE, WN2 3DW.
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.
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:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Total
At 1 November 2018
191,711
At 31 October 2019
203,630
At 1 November 2018
23,126
Charge for the year
4,532
At 31 October 2019
27,658
At 31 October 2019
175,972
At 31 October 2018
168,585
5
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
M L AUTO REPAIRS LIMITED
Notes to the Accounts
for the year ended 31 October 2019
6
Average number of employees
During the year the average number of employees was 0 (2018: 3).