IRIS Accounts Production v23.3.0.418 08075162 director 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080751622022-05-31080751622023-05-31080751622022-06-012023-05-31080751622021-05-31080751622021-06-012022-05-31080751622022-05-3108075162ns10:Originalns15:EnglandWales2022-06-012023-05-3108075162ns14:PoundSterlingns10:Original2022-06-012023-05-3108075162ns10:Originalns10:Director12022-06-012023-05-3108075162ns10:Original2022-06-012023-05-3108075162ns10:Original2023-05-3108075162ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108075162ns10:Originalns10:SmallEntities2022-06-012023-05-3108075162ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108075162ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108075162ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108075162ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3108075162ns10:Original12022-06-012023-05-3108075162ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108075162ns10:Original2022-05-3108075162ns10:Originalns5:CurrentFinancialInstruments2023-05-3108075162ns10:Originalns5:CurrentFinancialInstruments2022-05-3108075162ns5:ShareCapitalns10:Original2023-05-3108075162ns5:ShareCapitalns10:Original2022-05-3108075162ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108075162ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108075162ns10:Originalns5:NetGoodwill2022-06-012023-05-3108075162ns10:Originalns5:PlantMachinery2022-06-012023-05-3108075162ns10:Original2021-06-012022-05-3108075162ns10:Original2022-05-31
REGISTERED NUMBER: 08075162 (England and Wales)












GERMAN TYRE WAREHOUSE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






GERMAN TYRE WAREHOUSE LTD (REGISTERED NUMBER: 08075162)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GERMAN TYRE WAREHOUSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: S Farmer





REGISTERED OFFICE: 26 Ida Road
Skegness
Lincolnshire
PE25 2AR





BUSINESS ADDRESS: 69 Alexandra Road
Skegness
Lincolnshire
PE25 3QY





REGISTERED NUMBER: 08075162 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Skegness)
Chartered Certified Accountants
26 Ida Road
Skegness
Lincolnshire
PE25 2AR

GERMAN TYRE WAREHOUSE LTD (REGISTERED NUMBER: 08075162)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 24,681 30,114
24,681 30,114

CURRENT ASSETS
Stocks 32,978 29,980
Debtors 3,379 1,601
Cash at bank and in hand 20,141 15,113
56,498 46,694
CREDITORS
Amounts falling due within one year 58,920 60,775
NET CURRENT LIABILITIES (2,422 ) (14,081 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,259

16,033

PROVISIONS FOR LIABILITIES 4,689 5,722
NET ASSETS 17,570 10,311

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,569 10,310
SHAREHOLDERS' FUNDS 17,570 10,311

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

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

GERMAN TYRE WAREHOUSE LTD (REGISTERED NUMBER: 08075162)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 October 2023 and were signed by:





S Farmer - Director


GERMAN TYRE WAREHOUSE LTD (REGISTERED NUMBER: 08075162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 13,000
AMORTISATION
At 1 June 2022
and 31 May 2023 13,000
NET BOOK VALUE

At 31 May 2023 -
At 31 May 2022 -

GERMAN TYRE WAREHOUSE LTD (REGISTERED NUMBER: 08075162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 76,521
Additions 2,802
At 31 May 2023 79,323
DEPRECIATION
At 1 June 2022 46,407
Charge for year 8,235
At 31 May 2023 54,642
NET BOOK VALUE
At 31 May 2023 24,681
At 31 May 2022 30,114