1 June 2022 false No description of principal activity Taxfiler 2023.9 10751031business:PrivateLimitedCompanyLtd2022-06-012023-05-31 107510312022-05-31 107510312022-06-012023-05-31 10751031business:AuditExemptWithAccountantsReport2022-06-012023-05-31 10751031business:FilletedAccounts2022-06-012023-05-31 107510312023-05-31 10751031business:Director12022-06-012023-05-31 10751031business:Director22022-06-012023-05-31 10751031business:RegisteredOffice2022-06-012023-05-31 107510312022-05-31 10751031core:WithinOneYear2023-05-31 10751031core:WithinOneYear2022-05-31 10751031core:AfterOneYear2023-05-31 10751031core:AfterOneYear2022-05-31 10751031core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10751031core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 10751031core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10751031core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 10751031core:PreviouslyStatedAmount2023-05-31 10751031core:PreviouslyStatedAmount2022-05-31 10751031business:SmallEntities2022-06-012023-05-31 10751031countries:EnglandWales2022-06-012023-05-31 10751031core:PlantMachinery2022-06-012023-05-31 10751031core:PlantMachinery2022-05-31 10751031core:MotorVehicles2022-05-31 10751031core:MotorVehicles2022-06-012023-05-31 10751031core:PlantMachinery2023-05-31 10751031core:MotorVehicles2023-05-31 107510312021-06-012022-05-31 iso4217:GBP xbrli:pure
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
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TYRE2YOU LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,343 
44,446 
Current assets
Inventories
60,975 
40,650 
Debtors
- 
559 
Cash at bank and in hand
12,853 
18,267 
73,828 
59,476 
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)
Net assets
44,142 
60,065 
Capital and reserves
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
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TYRE2YOU LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
18%
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 
Additions
3,350 
- 
3,350 
At 31 May 2023
19,575 
50,946 
70,521 
Depreciation
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 
Net book value
At 31 May 2023
11,557 
28,786 
40,343 
At 31 May 2022
10,306 
34,140 
44,446 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
559 
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TYRE2YOU LIMITED Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,611 
4,236 
Taxes and social security
7,203 
6,325 
Loans from directors
31,740 
- 
Accruals
2,460 
1,560 
46,014 
12,121 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,015 
31,736 
8
Average number of employees
During the year the average number of employees was 6 (2022: 4).
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