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REGISTERED NUMBER: 04542776 (England and Wales)















Financial Statements for the Year Ended 30 November 2021

for

Dawson Tyre Services Limited

Dawson Tyre Services Limited (Registered number: 04542776)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Dawson Tyre Services Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: C L Dawson
V J Dawson





SECRETARY: V J Dawson





REGISTERED OFFICE: Unit 10 Imex Business Park
Oxleasow Road
East Moons Moat
Redditch
Worcestershire
B98 0RE





REGISTERED NUMBER: 04542776 (England and Wales)





ACCOUNTANTS: Hamiltons Group Limited
Chartered Certified Accountants
Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dawson Tyre Services Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Dawson Tyre Services Limited for the year ended 30 November 2021 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Dawson Tyre Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dawson Tyre Services Limited and state those matters that we have agreed to state to the Board of Directors of Dawson Tyre Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dawson Tyre Services 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 profit of Dawson Tyre Services Limited. You consider that Dawson Tyre Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dawson Tyre Services 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.






Hamiltons Group Limited
Chartered Certified Accountants
Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB


16 March 2022

Dawson Tyre Services Limited (Registered number: 04542776)

Statement of Financial Position
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 74,116 88,514

CURRENT ASSETS
Inventories 5 104,825 94,923
Debtors 6 337,265 308,667
Cash at bank and in hand 10,020 626
452,110 404,216
CREDITORS
Amounts falling due within one year 7 439,344 363,146
NET CURRENT ASSETS 12,766 41,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,882

129,584

CREDITORS
Amounts falling due after more than one
year

8

(69,557

)

(99,250

)

PROVISIONS FOR LIABILITIES 10 (8,629 ) (16,818 )
NET ASSETS 8,696 13,516

CAPITAL AND RESERVES
Called up share capital 11 110 110
Retained earnings 8,586 13,406
SHAREHOLDERS' FUNDS 8,696 13,516

Dawson Tyre Services Limited (Registered number: 04542776)

Statement of Financial Position - continued
30 November 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2022 and were signed on its behalf by:





C L Dawson - Director


Dawson Tyre Services Limited (Registered number: 04542776)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Dawson Tyre Services 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.

The financial statements are presented in pound sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Revenue 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
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery-15%reducing balance
Fixtures and fittings-15%reducing balance
Motor vehicles-25%reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 have been enacted or substantively enacted by the statement of financial position date.


Dawson Tyre Services Limited (Registered number: 04542776)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2020 50,789 20,512 93,990 165,291
Additions - - 35,000 35,000
Disposals - - (39,500 ) (39,500 )
At 30 November 2021 50,789 20,512 89,490 160,791
DEPRECIATION
At 1 December 2020 41,213 18,487 17,077 76,777
Charge for year 1,436 304 9,752 11,492
Eliminated on disposal - - (1,594 ) (1,594 )
At 30 November 2021 42,649 18,791 25,235 86,675
NET BOOK VALUE
At 30 November 2021 8,140 1,721 64,255 74,116
At 30 November 2020 9,576 2,025 76,913 88,514

5. INVENTORIES
2021 2020
£    £   
Finished goods 104,825 94,923

Dawson Tyre Services Limited (Registered number: 04542776)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 331,222 304,286
Prepayments 6,043 4,381
337,265 308,667

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 8,000 17,925
Hire purchase contracts 19,554 22,191
Factoring account 40,438 70,286
Trade creditors 325,974 232,483
Corporation tax 9,354 -
Social security and other taxes 20,332 15,989
Other creditors 10,776 -
Directors' accounts 1,857 1,208
Accruals and deferred income 3,059 3,064
439,344 363,146

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-2 years 8,000 -
Bank loans - 2-5 years 20,043 40,000
Hire purchase contracts 41,514 59,250
69,557 99,250

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank overdraft - 17,925
Hire purchase contracts 61,068 -
Payments on account 40,438 70,286
101,506 88,211

All monies due to Skipton Business Finance Limited are secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery dated 25/06/2010.

Bank overdraft with HSBC bank plc is secured by a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery by way of debenture dated 02/01/2003.

Hire purchase liabilities are secured on the assets to which they relate.

Dawson Tyre Services Limited (Registered number: 04542776)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

10. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 8,629 16,818

Deferred
tax
£   
Balance at 1 December 2020 16,818
Provided during year (8,189 )
Balance at 30 November 2021 8,629

A deferred tax provision has arisen as a result of accelerated capital allowances.

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
110 Ordinary £1 110 110