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REGISTERED NUMBER: 08817595 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

A J TYRES LTD

A J TYRES LTD (REGISTERED NUMBER: 08817595)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J TYRES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A S Breeze
Mrs J Breeze





REGISTERED OFFICE: 48 Victoria Road
Bentley
Doncaster
South Yorkshire
DN5 0HA





REGISTERED NUMBER: 08817595 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

A J TYRES LTD (REGISTERED NUMBER: 08817595)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,055 66,206

CURRENT ASSETS
Stocks 5 57,980 59,450
Debtors 6 80,566 72,082
Cash at bank 92,477 69,368
231,023 200,900
CREDITORS
Amounts falling due within one year 7 89,247 75,338
NET CURRENT ASSETS 141,776 125,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,831

191,768

PROVISIONS FOR LIABILITIES 8 10,661 12,189
NET ASSETS 189,170 179,579

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 189,169 179,578
SHAREHOLDERS' FUNDS 189,170 179,579

A J TYRES LTD (REGISTERED NUMBER: 08817595)

BALANCE SHEET - continued
31 MARCH 2023


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

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

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 & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





A S Breeze - Director


A J TYRES LTD (REGISTERED NUMBER: 08817595)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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 year 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.

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.

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.

A J TYRES LTD (REGISTERED NUMBER: 08817595)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022 2,161 18,920 3,222
Additions - 123 -
At 31 March 2023 2,161 19,043 3,222
DEPRECIATION
At 1 April 2022 108 8,336 777
Charge for year 103 1,009 66
At 31 March 2023 211 9,345 843
NET BOOK VALUE
At 31 March 2023 1,950 9,698 2,379
At 31 March 2022 2,053 10,584 2,445

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 81,456 2,495 108,254
Additions 3,870 - 3,993
At 31 March 2023 85,326 2,495 112,247
DEPRECIATION
At 1 April 2022 30,676 2,151 42,048
Charge for year 10,801 165 12,144
At 31 March 2023 41,477 2,316 54,192
NET BOOK VALUE
At 31 March 2023 43,849 179 58,055
At 31 March 2022 50,780 344 66,206

5. STOCKS
2023 2022
£    £   
Stocks 57,980 59,450

A J TYRES LTD (REGISTERED NUMBER: 08817595)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,775 67,716
Prepayments 3,791 4,366
80,566 72,082

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 47,816 38,949
Tax 12,905 8,357
Social security and other taxes 1,561 2,554
VAT 7,492 203
Other creditors 548 2,270
Directors' current accounts 16,152 20,379
Accrued expenses 2,773 2,626
89,247 75,338

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,661 12,189

Deferred
tax
£   
Balance at 1 April 2022 12,189
Provided during year (1,528 )
Balance at 31 March 2023 10,661

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

Mr A Breeze, director, together with other close family members, controls the company by virtue of holding 100% of the issued share capital.