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Company Registration No. 11154921 (England and Wales)
Langstone Tyres Limited Unaudited accounts for the year ended 31 January 2023
Langstone Tyres Limited Unaudited accounts Contents
Page
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Langstone Tyres Limited Company Information for the year ended 31 January 2023
Director
Andrew Williams
Company Number
11154921 (England and Wales)
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Langstone Tyres Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,265 
5,200 
Current assets
Debtors
- 
1,441 
Cash at bank and in hand
1,642 
262 
1,642 
1,703 
Creditors: amounts falling due within one year
(474)
(1,496)
Net current assets
1,168 
207 
Total assets less current liabilities
4,433 
5,407 
Creditors: amounts falling due after more than one year
(1,442)
- 
Provisions for liabilities
Deferred tax
- 
(209)
Net assets
2,991 
5,198 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,990 
5,197 
Shareholders' funds
2,991 
5,198 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 26 September 2023 and were signed on its behalf by
Andrew Williams Director Company Registration No. 11154921
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Langstone Tyres Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Langstone Tyres Limited is a private company, limited by shares, registered in England and Wales, registration number 11154921.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
4 years - straight line
Motor vehicles
4 years - straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Langstone Tyres Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
2,740 
5,000 
7,740 
At 31 January 2023
2,740 
5,000 
7,740 
Depreciation
At 1 February 2022
457 
2,083 
2,540 
Charge for the year
685 
1,250 
1,935 
At 31 January 2023
1,142 
3,333 
4,475 
Net book value
At 31 January 2023
1,598 
1,667 
3,265 
At 31 January 2022
2,283 
2,917 
5,200 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,441 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,045 
Other creditors
90 
91 
Accruals
384 
360 
474 
1,496 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
1,442 
- 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
- 
209 
2023 
2022 
£ 
£ 
Provision at start of year
209 
13 
(Credited)/charged to the profit and loss account
(209)
196 
Provision at end of year
- 
209 
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Langstone Tyres Limited Notes to the Accounts for the year ended 31 January 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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