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Company Registration No. 12882901 (England and Wales)
Renshall Tyre Solutions Ltd Unaudited accounts for the year ended 31 August 2023
Renshall Tyre Solutions Ltd Unaudited accounts Contents
Page
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Renshall Tyre Solutions Ltd Company Information for the year ended 31 August 2023
Director
Mr C Renshall
Company Number
12882901 (England and Wales)
Registered Office
1 Stable Court Business Centre Water Lane Farm, Tarbock Green Liverpool Merseyside L35 1RD
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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Renshall Tyre Solutions Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,736 
7,816 
Current assets
Inventories
1,000 
1,000 
Debtors
17,977 
1,520 
Cash at bank and in hand
- 
10,648 
18,977 
13,168 
Creditors: amounts falling due within one year
(26,980)
(19,971)
Net current liabilities
(8,003)
(6,803)
Net assets
733 
1,013 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
732 
1,012 
Shareholders' funds
733 
1,013 
For the year ending 31 August 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 12 October 2023 and were signed on its behalf by
Mr C Renshall Director Company Registration No. 12882901
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Renshall Tyre Solutions Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Renshall Tyre Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12882901. The registered office is 1 Stable Court Business Centre, Water Lane Farm, Tarbock Green, Liverpool, Merseyside, L35 1RD.
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:
Motor vehicles
25% on reducing balance.
Computer equipment
15% on reducing balance.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Renshall Tyre Solutions Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
13,895 
- 
13,895 
Additions
- 
3,381 
3,381 
At 31 August 2023
13,895 
3,381 
17,276 
Depreciation
At 1 September 2022
6,079 
- 
6,079 
Charge for the year
1,954 
507 
2,461 
At 31 August 2023
8,033 
507 
8,540 
Net book value
At 31 August 2023
5,862 
2,874 
8,736 
At 31 August 2022
7,816 
- 
7,816 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,358 
- 
Other debtors
13,619 
1,520 
17,977 
1,520 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,070 
- 
Trade creditors
962 
1,423 
Taxes and social security
22,567 
16,861 
Accruals
1,381 
1,687 
26,980 
19,971 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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