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REGISTERED NUMBER: 00932715 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

TYRE & BATTERY SERVICES (SUSSEX) LTD

TYRE & BATTERY SERVICES (SUSSEX) LTD (REGISTERED NUMBER: 00932715)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYRE & BATTERY SERVICES (SUSSEX) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: N D Griggs



REGISTERED OFFICE: 57 High Street
Newhaven
East Sussex



REGISTERED NUMBER: 00932715 (England and Wales)



ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR



SOLICITORS: Donne Mileham & Haddock
100 Queens Road
Brighton
Sussex

TYRE & BATTERY SERVICES (SUSSEX) LTD (REGISTERED NUMBER: 00932715)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,873 18,043
Investments 5 2,666 2,666
41,539 20,709

CURRENT ASSETS
Stocks 78,758 82,161
Debtors 6 47,571 57,930
Cash at bank 182,846 190,528
309,175 330,619
CREDITORS
Amounts falling due within one year 7 103,803 133,758
NET CURRENT ASSETS 205,372 196,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,911

217,570

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 246,811 217,470
SHAREHOLDERS' FUNDS 246,911 217,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

TYRE & BATTERY SERVICES (SUSSEX) LTD (REGISTERED NUMBER: 00932715)

BALANCE SHEET - continued
31 DECEMBER 2021


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 14 September 2022 and were signed by:





N D Griggs - Director


TYRE & BATTERY SERVICES (SUSSEX) LTD (REGISTERED NUMBER: 00932715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Tyre & Battery Services (Sussex) 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.

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 each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% 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 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 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.

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.

TYRE & BATTERY SERVICES (SUSSEX) LTD (REGISTERED NUMBER: 00932715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 1,657 80,417 5,374 134,826 222,274
Additions - - - 34,155 34,155
Disposals - - (2,750 ) (37,320 ) (40,070 )
At 31 December 2021 1,657 80,417 2,624 131,661 216,359
DEPRECIATION
At 1 January 2021 1,657 68,539 4,878 129,157 204,231
Charge for year - 1,736 102 11,361 13,199
Eliminated on disposal - - (2,624 ) (37,320 ) (39,944 )
At 31 December 2021 1,657 70,275 2,356 103,198 177,486
NET BOOK VALUE
At 31 December 2021 - 10,142 268 28,463 38,873
At 31 December 2020 - 11,878 496 5,669 18,043

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2021 2020
£    £   
Cherished number plate 2,666 2,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 41,542 50,027
Prepayments and accrued income 6,029 7,903
47,571 57,930

TYRE & BATTERY SERVICES (SUSSEX) LTD (REGISTERED NUMBER: 00932715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 80,323 89,449
Tax 861 -
Social security and other taxes 4,538 7,336
VAT 15,382 16,737
Other creditors 2,653 1,633
Accrued expenses 46 18,603
103,803 133,758

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2021 217,470
Profit for the year 34,841
Dividends (5,500 )
At 31 December 2021 246,811

10. RELATED PARTY DISCLOSURES

The company is controlled by the directors.