Midland Tyre Control Limited in Bilston, WV14 0RL

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www.midlandtyrecontrol.com

Description

Data updated on: 01-11-2023

Midland Tyre Control Limited has existed in the United Kingdom for at least twenty two years. Registered under the number 04366804 in the year 2002, it is located at Units 11 & 12 Alexander Industrial Estate, Bilston WV14 0RL. This business's Standard Industrial Classification Code is 38320 and their NACE code stands for Recovery of sorted materials. The business latest accounts describe the period up to 2023-02-28 and the most current annual confirmation statement was released on 2023-02-05.

Midland Tyre Control Limited is a small-sized vehicle operator with the licence number OC2005515. The firm has one transport operating centre in the country. In their subsidiary in Manchester on 150 Manchester Road, 1 machine is available.

According to the information we have, this particular firm was established in February 2002 and has been run by four directors, out of whom three (Lee G., George H. and Mark H.) are still in the management. Additionally, the managing director's duties are constantly aided with by a secretary - Lisa H., who was chosen by the firm in October 2002.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-02-29	2013-02-28	2014-02-28	2015-02-28	2016-02-29	2017-02-28	2018-02-28	2019-02-28	2020-02-29	2021-02-28	2022-02-28	2023-02-28
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP

Balance Sheet
Cash Bank On Hand					37 875	7 345	50 615	105 339	91 568	300 654	165 632	83 778
Current Assets	735 514	355 503	426 017	381 196	526 606	590 960	757 647	866 809	599 443	880 194	589 805	497 397
Debtors	623 069	258 620	379 731	323 206	481 859	557 939	701 157	751 620	498 025	568 490	413 123	402 569
Net Assets Liabilities					270 693	207 427	288 851	451 902	428 891	589 737	687 758	691 231
Other Debtors					27 574	10 400	18 564	115 665	86 018	189 063	38 399	23 744
Property Plant Equipment					218 983	264 860	299 708	380 285	522 117	537 661	954 550	916 530
Total Inventories					6 676	25 676	5 875	9 850	9 850	11 050	11 050	11 050
Cash Bank In Hand	37 174	81 670	38 595	51 314	38 071
Intangible Fixed Assets	7 058	5 293	3 528	1 763
Net Assets Liabilities Including Pension Asset Liability	271 942	300 030	266 610	245 433	270 693
Stocks Inventory	75 271	15 213	7 691	6 676	6 676
Tangible Fixed Assets	285 747	196 316	274 367	230 370	218 983

Capital & Reserves
Called Up Share Capital	1	1	3	3	3
Profit Loss Account Reserve	271 941	300 029	266 607	245 430	270 690

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment					405 643	447 126	521 188	495 682	521 719	623 915	789 850	872 223
Additions Other Than Through Business Combinations Property Plant Equipment							128 706	175 521	341 017	163 460	590 024	213 043
Average Number Employees During Period						30	30	30	34	32	32	31
Bank Borrowings						18 156	10 576	6 614	6 238	50 569	35 000	25 000
Bank Overdrafts						19 052	11 958	3 775	9 665	20 467	25 571	10 000
Creditors					55 685	109 670	649 306	560 555	246 566	499 119	490 846	371 503
Finance Lease Liabilities Present Value Total					25 435	63 264	76 675	28 939	109 768	133 579	160 617	143 020
Increase From Depreciation Charge For Year Property Plant Equipment						72 558	82 162	70 939	135 987	136 752	170 036	182 682
Net Current Assets Liabilities	130 322	188 777	133 766	107 521	140 760	94 777	108 341	306 254	352 877	381 075	98 959	125 894
Other Creditors					30 250	30 250	10 583	49 611	3 413	2 653	54 303	48 568
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment							8 098	96 446	109 950	34 556	4 101	100 309
Other Disposals Property Plant Equipment							19 796	120 450	173 148	45 720	7 200	168 690
Property Plant Equipment Gross Cost					624 626	711 986	820 896	875 967	1 043 836	1 161 576	1 744 400	1 788 753
Provisions For Liabilities Balance Sheet Subtotal					32 748	42 540	46 831	62 140	89 088	92 041	129 041	138 091
Taxation Social Security Payable						29 150	72 568	58 169	52 241	97 648	16 272	43 307
Total Assets Less Current Liabilities	423 127	390 386	411 661	339 654	359 743	359 637	408 049	686 539	765 226	918 736	1 053 509	1 042 424
Trade Creditors Trade Payables					271 756	351 701	477 522	420 061	181 247	244 772	234 083	126 608
Trade Debtors Trade Receivables					437 067	532 696	682 593	635 955	412 007	379 427	374 724	378 825
Amount Specific Advance Or Credit Directors	6	-1 896	-729	-5 848	-617	170	43 707	56 218	36 704	-5 200	-8 757
Amount Specific Advance Or Credit Made In Period Directors					109 846	105 988	119 377	62 511	40 486	19 800	16 443
Amount Specific Advance Or Credit Repaid In Period Directors					104 615	105 541	75 500	50 000	60 000	25 000	20 000
Accrued Liabilities					5 243	3 589
Accumulated Amortisation Impairment Intangible Assets					8 823
Bank Borrowings Overdrafts					9 142	16 156
Corporation Tax Payable					24 611	-7 363
Disposals Decrease In Depreciation Impairment Property Plant Equipment						31 075
Disposals Property Plant Equipment						45 269
Fixed Assets	292 805	201 609	277 895	232 133	218 983	264 860
Intangible Assets Gross Cost					8 823
Number Shares Issued Fully Paid						1
Other Taxation Social Security Payable					7 943	10 177
Par Value Share		1	1	1	1	1
Prepayments					17 218	14 843
Total Additions Including From Business Combinations Property Plant Equipment						132 629
Total Borrowings					61 665	133 045
Advances Credits Directors	6	-1 896	-729	-5 848	-617
Advances Credits Made In Period Directors		92 098	89 167	89 481	109 846
Advances Credits Repaid In Period Directors		94 000	88 000	94 600	104 615
Bank Borrowings Overdrafts Secured	185 921	29 271	106 412	44 783	61 665
Capital Employed	271 942	300 030	266 610	245 433	270 693
Creditors Due After One Year	118 119	66 327	102 896	60 310	56 302
Creditors Due Within One Year	605 192	166 726	292 251	273 675	385 846
Intangible Fixed Assets Aggregate Amortisation Impairment	1 765	3 530	5 295	7 060	8 823
Intangible Fixed Assets Amortisation Charged In Period		1 765	1 765	1 765	1 763
Intangible Fixed Assets Cost Or Valuation	8 823	8 823	8 823	8 823	8 823
Number Shares Allotted		1	1	1	1
Number Shares Allotted Increase Decrease During Period			1
Provisions For Liabilities Charges	33 066	24 029	42 155	33 911	32 748
Share Capital Allotted Called Up Paid	1	1	1	1	1
Tangible Fixed Assets Additions		57 695	163 003	48 084	60 482
Tangible Fixed Assets Cost Or Valuation	608 241	485 969	585 162	592 158	624 626
Tangible Fixed Assets Depreciation	322 494	289 653	310 795	361 788	405 643
Tangible Fixed Assets Depreciation Charged In Period		48 116	76 069	62 566	61 633
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		80 956	54 927	11 573	17 778
Tangible Fixed Assets Disposals		179 966	63 810	41 088	28 014
Value Shares Allotted Increase Decrease During Period			1