IRIS Accounts Production v23.2.0.158 03659366 Board of Directors 1.11.21 31.10.22 31.10.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036593662021-10-31036593662022-10-31036593662021-11-012022-10-31036593662020-10-31036593662020-11-012021-10-31036593662021-10-3103659366ns10:Originalns15:EnglandWales2021-11-012022-10-3103659366ns14:PoundSterlingns10:Original2021-11-012022-10-3103659366ns10:Originalns10:Director12021-11-012022-10-3103659366ns10:Original2021-11-012022-10-3103659366ns10:Original2022-10-3103659366ns10:Originalns10:PrivateLimitedCompanyLtd2021-11-012022-10-3103659366ns10:Originalns10:SmallEntities2021-11-012022-10-3103659366ns10:Originalns10:AuditExempt-NoAccountantsReport2021-11-012022-10-3103659366ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-11-012022-10-3103659366ns10:SmallCompaniesRegimeForAccountsns10:Original2021-11-012022-10-3103659366ns10:Originalns10:FullAccounts2021-11-012022-10-3103659366ns10:Original12021-11-012022-10-3103659366ns10:Originalns10:Director22021-11-012022-10-3103659366ns10:Originalns10:Director32021-11-012022-10-3103659366ns10:CompanySecretary1ns10:Original2021-11-012022-10-3103659366ns10:Originalns10:RegisteredOffice2021-11-012022-10-3103659366ns10:Original2021-10-3103659366ns10:Originalns5:CurrentFinancialInstruments2022-10-3103659366ns10:Originalns5:CurrentFinancialInstruments2021-10-3103659366ns5:ShareCapitalns10:Original2022-10-3103659366ns5:ShareCapitalns10:Original2021-10-3103659366ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3103659366ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-10-3103659366ns10:Originalns5:NetGoodwill2021-11-012022-10-3103659366ns10:Originalns5:PlantMachinery2021-11-012022-10-3103659366ns10:Original2020-11-012021-10-3103659366ns10:Originalns5:NetGoodwill2021-10-3103659366ns10:Originalns5:NetGoodwill2022-10-3103659366ns10:Originalns5:NetGoodwill2021-10-3103659366ns10:Originalns5:PlantMachinery2021-10-3103659366ns10:Originalns5:PlantMachinery2022-10-3103659366ns10:Originalns5:PlantMachinery2021-10-3103659366ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3103659366ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-10-31
REGISTERED NUMBER: 03659366 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

PEMBERTON TYRES LIMITED

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEMBERTON TYRES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2022







DIRECTORS: A Bott
Mrs K Bott
J A Bott





SECRETARY: Mrs K Bott





REGISTERED OFFICE: 20 Chapel Street
Pemberton
Wigan
Lancashire
WN5 8JR





REGISTERED NUMBER: 03659366 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

BALANCE SHEET
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 18,000
Tangible assets 5 56,272 36,589
69,772 54,589

CURRENT ASSETS
Stocks 68,233 59,479
Debtors 6 67,749 50,809
Cash at bank and in hand 139,209 179,999
275,191 290,287
CREDITORS
Amounts falling due within one year 7 174,441 167,450
NET CURRENT ASSETS 100,750 122,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,522

177,426

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,422 177,326
SHAREHOLDERS' FUNDS 170,522 177,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





A Bott - Director


PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Pemberton Tyres 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.

Turnover
Turnover represents the net invoiced value of goods sold, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance and 15% on reducing balance

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

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, Directors loan accounts, trade creditors, other creditors and accruals.

Financial instruments that are payable or receivable within one year, typically trade creditors, accruals, and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Derivative financial instruments are recognised at fair value using a valuation technique with any gains or losses being reported in profit or loss. Outstanding derivatives at reporting date are included under the appropriate format heading depending on the nature of the derivative.

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.

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.

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2021
and 31 October 2022 45,000
AMORTISATION
At 1 November 2021 27,000
Charge for year 4,500
At 31 October 2022 31,500
NET BOOK VALUE
At 31 October 2022 13,500
At 31 October 2021 18,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 192,575
Additions 26,077
At 31 October 2022 218,652
DEPRECIATION
At 1 November 2021 155,986
Charge for year 6,394
At 31 October 2022 162,380
NET BOOK VALUE
At 31 October 2022 56,272
At 31 October 2021 36,589

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 39,339 22,399
Other debtors 28,410 28,410
67,749 50,809

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 127,508 114,077
Taxation and social security 40,420 48,398
Other creditors 6,513 4,975
174,441 167,450

8. ULTIMATE CONTROLLING PARTY

Given the shareholding there is no ultimate controlling party.