IRIS Accounts Production v23.3.0.418 07062577 Board of Directors 1.2.22 31.3.23 31.3.23 true false true false false true false Ordinary 1.00000 A Ordinary 1.00000 B ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure070625772022-01-31070625772023-03-31070625772022-02-012023-03-31070625772021-01-31070625772021-02-012022-01-31070625772022-01-3107062577ns16:EnglandWales2022-02-012023-03-3107062577ns15:PoundSterling2022-02-012023-03-3107062577ns11:Director12022-02-012023-03-3107062577ns11:PrivateLimitedCompanyLtd2022-02-012023-03-3107062577ns11:SmallEntities2022-02-012023-03-3107062577ns11:AuditExempt-NoAccountantsReport2022-02-012023-03-3107062577ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-03-3107062577ns11:SmallCompaniesRegimeForAccounts2022-02-012023-03-3107062577ns11:FullAccounts2022-02-012023-03-3107062577ns11:OrdinaryShareClass12022-02-012023-03-3107062577ns11:OrdinaryShareClass22022-02-012023-03-3107062577ns11:OrdinaryShareClass32022-02-012023-03-3107062577ns11:Director42022-02-012023-03-3107062577ns11:RegisteredOffice2022-02-012023-03-3107062577ns6:CurrentFinancialInstruments2023-03-3107062577ns6:CurrentFinancialInstruments2022-01-3107062577ns6:Non-currentFinancialInstruments2023-03-3107062577ns6:Non-currentFinancialInstruments2022-01-3107062577ns6:ShareCapital2023-03-3107062577ns6:ShareCapital2022-01-3107062577ns6:RetainedEarningsAccumulatedLosses2023-03-3107062577ns6:RetainedEarningsAccumulatedLosses2022-01-3107062577ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-02-012023-03-3107062577ns6:PlantMachinery2022-02-012023-03-3107062577ns6:FurnitureFittings2022-02-012023-03-3107062577ns6:LandBuildings2022-01-3107062577ns6:PlantMachinery2022-01-3107062577ns6:FurnitureFittings2022-01-3107062577ns6:LandBuildings2022-02-012023-03-3107062577ns6:LandBuildings2023-03-3107062577ns6:PlantMachinery2023-03-3107062577ns6:FurnitureFittings2023-03-3107062577ns6:LandBuildings2022-01-3107062577ns6:PlantMachinery2022-01-3107062577ns6:FurnitureFittings2022-01-3107062577ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107062577ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3107062577ns6:WithinOneYear2023-03-3107062577ns6:WithinOneYear2022-01-3107062577ns6:BetweenOneFiveYears2023-03-3107062577ns6:BetweenOneFiveYears2022-01-3107062577ns6:AllPeriods2023-03-3107062577ns6:AllPeriods2022-01-3107062577ns6:DeferredTaxation2022-01-3107062577ns6:DeferredTaxation2023-03-3107062577ns11:OrdinaryShareClass12023-03-3107062577ns11:OrdinaryShareClass22023-03-3107062577ns11:OrdinaryShareClass32023-03-31
REGISTERED NUMBER: 07062577 (England and Wales)













Unaudited Financial Statements

for the Period

1 February 2022 to 31 March 2023

for

Darlington Tyre & Auto Centre Limited

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)






Contents of the Financial Statements
for the Period 1 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Darlington Tyre & Auto Centre Limited

Company Information
for the Period 1 February 2022 to 31 March 2023







DIRECTORS: D R Alexander
S P R Alexander





REGISTERED OFFICE: Chapel Street Garage
Chapel Street
Thornaby
Stockton-On-Tees
TS17 6BB





REGISTERED NUMBER: 07062577 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
DURHAM
DH1 1TW

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,486,407 1,537,606

CURRENT ASSETS
Stocks 12,727 9,069
Debtors 5 64,897 40,941
Cash at bank and in hand 239,725 182,034
317,349 232,044
CREDITORS
Amounts falling due within one year 6 315,051 250,948
NET CURRENT ASSETS/(LIABILITIES) 2,298 (18,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,488,705

1,518,702

CREDITORS
Amounts falling due after more than one
year

7

-

(113,739

)

PROVISIONS FOR LIABILITIES 9 (22,384 ) (32,992 )
NET ASSETS 1,466,321 1,371,971

CAPITAL AND RESERVES
Called up share capital 10 231 231
Retained earnings 1,466,090 1,371,740
SHAREHOLDERS' FUNDS 1,466,321 1,371,971

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

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

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2023 and were signed on its behalf by:





D R Alexander - Director


Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements
for the Period 1 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Darlington Tyre & Auto Centre 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the 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.

During the year the company extended the year end to 31 March from 31 January. The current accounts cover the 14 month period from 1 February 2022 to 31 March 2023. The prior year covered the year to 31 January 2022, as a result the figures are not directly comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue from the provision of services is recognised once the service is completed.

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.
Freehold property - not provided
Plant and machinery - 10% - 33% on reducing balance
Fixtures and fittings - 15% on reducing balance

Freehold property is not depreciated as the residual value of the properties is at least equal to the cost.

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Government grants
Revenue based grants have been credited to the profit and loss account in the period to which they relate.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.


Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 period was 24 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2022 1,450,219 213,574 41,508 1,705,301
Additions - 12,995 1,333 14,328
Disposals (20,787 ) (46,541 ) (6,052 ) (73,380 )
At 31 March 2023 1,429,432 180,028 36,789 1,646,249
DEPRECIATION
At 1 February 2022 - 138,248 29,447 167,695
Charge for period - 9,992 1,804 11,796
Eliminated on disposal - (16,491 ) (3,158 ) (19,649 )
At 31 March 2023 - 131,749 28,093 159,842
NET BOOK VALUE
At 31 March 2023 1,429,432 48,279 8,696 1,486,407
At 31 January 2022 1,450,219 75,326 12,061 1,537,606

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 45,327 31,610
Other debtors 6,000 -
Prepayments and accrued income 7,196 9,331
58,523 40,941

Amounts falling due after more than one year:
Directors' loan accounts 6,374 -

Aggregate amounts 64,897 40,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 135,508 79,226
Taxation and social security 117,517 113,028
Other creditors 44,099 38,206
Accruals and deferred income 17,927 20,488
315,051 250,948

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan accounts - 113,739

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,695 12,275
Between one and five years 15,457 3,834
31,152 16,109

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 22,384 32,992

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 32,992
Accelerated capital allowances (10,608 )
Balance at 31 March 2023 22,384

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200
20 A Ordinary £1 20 20
11 B ordinary £1 11 11
231 231

11. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2023 2022
£ £
Amounts due to/(from) director (6,374 ) 113,739
No interest has been charged.