IRIS Accounts Production v23.1.0.753 12417376 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure124173762022-01-31124173762023-01-31124173762022-02-012023-01-31124173762021-01-31124173762021-02-012022-01-31124173762022-01-3112417376ns15:EnglandWales2022-02-012023-01-3112417376ns14:PoundSterling2022-02-012023-01-3112417376ns10:Director12022-02-012023-01-3112417376ns10:PrivateLimitedCompanyLtd2022-02-012023-01-3112417376ns10:SmallEntities2022-02-012023-01-3112417376ns10:AuditExemptWithAccountantsReport2022-02-012023-01-3112417376ns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3112417376ns10:SmallCompaniesRegimeForAccounts2022-02-012023-01-3112417376ns10:FullAccounts2022-02-012023-01-3112417376ns10:RegisteredOffice2022-02-012023-01-3112417376ns5:CurrentFinancialInstruments2023-01-3112417376ns5:CurrentFinancialInstruments2022-01-3112417376ns5:ShareCapital2023-01-3112417376ns5:ShareCapital2022-01-3112417376ns5:RetainedEarningsAccumulatedLosses2023-01-3112417376ns5:RetainedEarningsAccumulatedLosses2022-01-3112417376ns5:PlantMachinery2022-02-012023-01-3112417376ns5:LandBuildings2022-01-3112417376ns5:PlantMachinery2022-01-3112417376ns5:LandBuildings2022-02-012023-01-3112417376ns5:LandBuildings2023-01-3112417376ns5:PlantMachinery2023-01-3112417376ns5:LandBuildings2022-01-3112417376ns5:PlantMachinery2022-01-3112417376ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3112417376ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3112417376ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-01-3112417376ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-01-31
REGISTERED NUMBER: 12417376 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

Grays Tyres & Exhaust Temple Fortune Ltd

Grays Tyres & Exhaust Temple Fortune Ltd (Registered number: 12417376)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Grays Tyres & Exhaust Temple Fortune Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: K Daullja





REGISTERED OFFICE: 1013 Finchley Road
Temple Fortune
London
NW11 7ES





REGISTERED NUMBER: 12417376 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
East Ham
London
E12 6PH

Grays Tyres & Exhaust Temple Fortune Ltd

Report of the Accountants to the Director of
Grays Tyres & Exhaust Temple Fortune Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ortenz & Co Ltd
354 High Street North
East Ham
London
E12 6PH


13 October 2023

Grays Tyres & Exhaust Temple Fortune Ltd (Registered number: 12417376)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,441 22,439

CURRENT ASSETS
Debtors 5 1,978 10,800
Cash at bank and in hand 4,215 1,332
6,193 12,132
CREDITORS
Amounts falling due within one year 6 61,649 84,496
NET CURRENT LIABILITIES (55,456 ) (72,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,015

)

(49,925

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (49,016 ) (49,926 )
SHAREHOLDERS' FUNDS (49,015 ) (49,925 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Grays Tyres & Exhaust Temple Fortune Ltd (Registered number: 12417376)

Balance Sheet - continued
31 January 2023


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 13 October 2023 and were signed by:





K Daullja - Director


Grays Tyres & Exhaust Temple Fortune Ltd (Registered number: 12417376)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Grays Tyres & Exhaust Temple Fortune 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 represents net invoiced sales of goods and services, excluding VAT.

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 etc - 20% on cost

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.

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 3 (2022 - 3 ) .

Grays Tyres & Exhaust Temple Fortune Ltd (Registered number: 12417376)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 40,000 13,325 53,325
DEPRECIATION
At 1 February 2022 25,556 5,330 30,886
Charge for year 13,333 2,665 15,998
At 31 January 2023 38,889 7,995 46,884
NET BOOK VALUE
At 31 January 2023 1,111 5,330 6,441
At 31 January 2022 14,444 7,995 22,439

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Trade debtors 1,978 -

Amounts falling due after more than one year:
Other debtors - 10,800

Aggregate amounts 1,978 10,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 1,776 15,587
Taxation and social security 4,566 9,060
Other creditors 55,307 59,849
61,649 84,496