1 June 2020 false No description of principal activity Taxfiler 2023.10 10163113business:PrivateLimitedCompanyLtd2020-06-012021-05-31 101631132020-05-31 101631132020-06-012021-05-31 10163113business:AuditExempt-NoAccountantsReport2020-06-012021-05-31 10163113business:FilletedAccounts2020-06-012021-05-31 101631132021-05-31 10163113business:Director12020-06-012021-05-31 10163113business:RegisteredOffice2020-06-012021-05-31 101631132020-05-31 10163113core:WithinOneYear2021-05-31 10163113core:WithinOneYear2020-05-31 10163113core:AfterOneYear2021-05-31 10163113core:AfterOneYear2020-05-31 10163113core:ShareCapitalcore:PreviouslyStatedAmount2021-05-31 10163113core:ShareCapitalcore:PreviouslyStatedAmount2020-05-31 10163113core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-05-31 10163113core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2020-05-31 10163113core:PreviouslyStatedAmount2021-05-31 10163113core:PreviouslyStatedAmount2020-05-31 10163113business:SmallEntities2020-06-012021-05-31 10163113countries:EnglandWales2020-06-012021-05-31 10163113core:PlantMachinery2020-06-012021-05-31 10163113core:MotorVehicles2020-06-012021-05-31 10163113core:PlantMachinery2020-05-31 10163113core:MotorVehicles2020-05-31 10163113core:PlantMachinery2021-05-31 10163113core:MotorVehicles2021-05-31 101631132019-06-012020-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10163113 (England and Wales)
DBI VALUE TYRES LTD Unaudited accounts for the year ended 31 May 2021
DBI VALUE TYRES LTD Unaudited accounts Contents
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DBI VALUE TYRES LTD Company Information for the year ended 31 May 2021
Director
Divine FORBIN
Company Number
10163113 (England and Wales)
Registered Office
423 NOTTINGHAM ROAD ILKESTON DERBYSHIRE DE7 5BP UNITED KINGDOM
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DBI VALUE TYRES LTD Statement of financial position as at 31 May 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,086 
5,232 
Current assets
Inventories
2,340 
4,380 
Cash at bank and in hand
304 
15,807 
2,644 
20,187 
Creditors: amounts falling due within one year
(40,176)
(21,870)
Net current liabilities
(37,532)
(1,683)
Total assets less current liabilities
(31,446)
3,549 
Creditors: amounts falling due after more than one year
(5,644)
(6,444)
Provisions for liabilities
Deferred tax
(778)
(778)
Net liabilities
(37,868)
(3,673)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(37,968)
(3,773)
Shareholders' funds
(37,868)
(3,673)
For the year ending 31 May 2021 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 10 November 2021 and were signed on its behalf by
Divine FORBIN Director Company Registration No. 10163113
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DBI VALUE TYRES LTD Notes to the Accounts for the year ended 31 May 2021
1
Statutory information
DBI VALUE TYRES LTD is a private company, limited by shares, registered in England and Wales, registration number 10163113. The registered office is 423 NOTTINGHAM ROAD, ILKESTON, DERBYSHIRE, DE7 5BP, UNITED KINGDOM.
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.
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
Straight line basis over 5 years
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2020
5,994 
5,300 
11,294 
Additions
- 
2,350 
2,350 
At 31 May 2021
5,994 
7,650 
13,644 
Depreciation
At 1 June 2020
4,296 
1,766 
6,062 
Charge for the year
- 
1,496 
1,496 
At 31 May 2021
4,296 
3,262 
7,558 
Net book value
At 31 May 2021
1,698 
4,388 
6,086 
At 31 May 2020
1,698 
3,534 
5,232 
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DBI VALUE TYRES LTD Notes to the Accounts for the year ended 31 May 2021
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
11,651 
11,103 
Loans from directors
27,725 
9,967 
Accruals
800 
800 
40,176 
21,870 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,644 
5,644 
Accruals
- 
800 
5,644 
6,444 
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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