Company Registration No. 10751031 (England and Wales)
TYRE2YOU LIMITED
Unaudited accounts
for the year ended 31 May 2023
TYRE2YOU LIMITED
Company Information
for the year ended 31 May 2023
Directors
James Fell
Chloe Kendall
Company Number
10751031 (England and Wales)
Registered Office
UNIT 4 WELLSWAY WORKS
WELLS ROAD
RADSTOCK
Avon
BA3 3RZ
UNITED KINGDOM
Accountants
AL Accounting Solutions Limited
Chartered Certified Accountants
21A Brighton Road
South Croydon
Croydon
CR2 6EA
TYRE2YOU LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
40,343
44,446
Cash at bank and in hand
12,853
18,267
Creditors: amounts falling due within one year
(46,014)
(12,121)
Net current assets
27,814
47,355
Total assets less current liabilities
68,157
91,801
Creditors: amounts falling due after more than one year
(24,015)
(31,736)
Called up share capital
100
100
Profit and loss account
44,042
59,965
Shareholders' funds
44,142
60,065
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2023 and were signed on its behalf by
James Fell
Director
Company Registration No. 10751031
TYRE2YOU LIMITED
Notes to the Accounts
for the year ended 31 May 2023
TYRE2YOU LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10751031. The registered office is UNIT 4 WELLSWAY WORKS, WELLS ROAD, RADSTOCK, Avon, BA3 3RZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
16,225
50,946
67,171
At 31 May 2023
19,575
50,946
70,521
At 1 June 2022
5,919
16,806
22,725
Charge for the year
2,099
5,354
7,453
At 31 May 2023
8,018
22,160
30,178
At 31 May 2023
11,557
28,786
40,343
At 31 May 2022
10,306
34,140
44,446
Amounts falling due within one year
TYRE2YOU LIMITED
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,203
6,325
Loans from directors
31,740
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 6 (2022: 4).