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REGISTERED NUMBER: 08039616 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2022

FOR

LEICESTER BRAKE & TYRE CENTRE LTD

LEICESTER BRAKE & TYRE CENTRE LTD (REGISTERED NUMBER: 08039616)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LEICESTER BRAKE & TYRE CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2022







DIRECTOR: Mr. B S Poonia





REGISTERED OFFICE: Unit 1
Freehold Street
Leicester
LE1 2LX





REGISTERED NUMBER: 08039616 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

LEICESTER BRAKE & TYRE CENTRE LTD (REGISTERED NUMBER: 08039616)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2022

30/4/22 30/4/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,548 17,369

CURRENT ASSETS
Stocks 463 2,356
Debtors 5 2,967 2,967
Cash at bank and in hand 110,739 91,513
114,169 96,836
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(47,562

)

(48,559

)
NET CURRENT ASSETS 66,607 48,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,155

65,646

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

-

(2,412

)

PROVISIONS FOR LIABILITIES (2,605 ) (2,642 )
NET ASSETS 80,550 60,592

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 80,549 60,591
SHAREHOLDERS' FUNDS 80,550 60,592

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 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.

LEICESTER BRAKE & TYRE CENTRE LTD (REGISTERED NUMBER: 08039616)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 2022


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 director and authorised for issue on 9th September 2022 and were signed by:





Mr. B S Poonia - Director


LEICESTER BRAKE & TYRE CENTRE LTD (REGISTERED NUMBER: 08039616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022


1. STATUTORY INFORMATION

Leicester Brake & Tyre Centre Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost

STOCKS
Stocks 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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LEICESTER BRAKE & TYRE CENTRE LTD (REGISTERED NUMBER: 08039616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022


2. ACCOUNTING POLICIES - continued

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 7 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2021 83,218 12,739 95,957
Additions 6,301 - 6,301
At 30th April 2022 89,519 12,739 102,258
DEPRECIATION
At 1st May 2021 66,533 12,055 78,588
Charge for year 6,865 257 7,122
At 30th April 2022 73,398 12,312 85,710
NET BOOK VALUE
At 30th April 2022 16,121 427 16,548
At 30th April 2021 16,685 684 17,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Other debtors 2,967 2,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Bank loans and overdrafts - 968
Trade creditors 21,406 16,811
Taxation and social security 6,943 4,623
Other creditors 19,213 26,157
47,562 48,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/22 30/4/21
£    £   
Other creditors - 2,412

LEICESTER BRAKE & TYRE CENTRE LTD (REGISTERED NUMBER: 08039616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/22 30/4/21
value: £    £   
1 Ordinary 1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2022 and 30th April 2021:

30/4/22 30/4/21
£    £   
Mr. B S Poonia
Balance outstanding at start of year (25,236 ) (25,236 )
Amounts advanced 15,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,236 ) (25,236 )