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REGISTERED NUMBER: 02360596 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2021 to 31 July 2022

for

Tireworld Limited

Tireworld Limited (Registered number: 02360596)






Contents of the Financial Statements
for the Period 1 April 2021 to 31 July 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Tireworld Limited

Company Information
for the Period 1 April 2021 to 31 July 2022







DIRECTOR: P R Saul





SECRETARY: Mrs V J Saul





REGISTERED OFFICE: 1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL





REGISTERED NUMBER: 02360596 (England and Wales)





ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Tireworld Limited (Registered number: 02360596)

Abridged Balance Sheet
31 July 2022

31.7.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,242

CURRENT ASSETS
Stocks - 141,588
Debtors - 42,512
Cash at bank and in hand 117,487 203,790
117,487 387,890
CREDITORS
Amounts falling due within one year 92,894 280,137
NET CURRENT ASSETS 24,593 107,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,593

108,995

PROVISIONS FOR LIABILITIES - 236
NET ASSETS 24,593 108,759

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,591 108,757
SHAREHOLDERS' FUNDS 24,593 108,759

Tireworld Limited (Registered number: 02360596)

Abridged Balance Sheet - continued
31 July 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





P R Saul - Director


Tireworld Limited (Registered number: 02360596)

Notes to the Financial Statements
for the Period 1 April 2021 to 31 July 2022

1. STATUTORY INFORMATION

Tireworld Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The company has ceased to trade and all assets and liabilities are recorded at their market value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to sell, after making due allowances for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet datesult.

Tireworld Limited (Registered number: 02360596)

Notes to the Financial Statements - continued
for the Period 1 April 2021 to 31 July 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognized in profit and loss account when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021 10,803
Disposals (10,803 )
At 31 July 2022 -
DEPRECIATION
At 1 April 2021 9,561
Eliminated on disposal (9,561 )
At 31 July 2022 -
NET BOOK VALUE
At 31 July 2022 -
At 31 March 2021 1,242

5. CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.


6. POST BALANCE SHEET EVENTS

There were no material post balance sheet events.


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Tireworld Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tireworld Limited for the period ended 31 July 2022 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tireworld Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tireworld Limited and state those matters that we have agreed to state to the director of Tireworld Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tireworld Limited and its director for our work or for this report.

It is your duty to ensure that Tireworld Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tireworld Limited. You consider that Tireworld Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Tireworld Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


19 August 2022