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REGISTERED NUMBER: 09202477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

YORKSHIRE INDUSTRIAL TYRES LIMITED
TRADING AS
BARNSLEY AUTO CENTRE

YORKSHIRE INDUSTRIAL TYRES LIMITED (REGISTERED NUMBER: 09202477)
TRADING AS BARNSLEY AUTO CENTRE






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE INDUSTRIAL TYRES LIMITED
TRADING AS BARNSLEY AUTO CENTRE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: E L Davies
R Davies





REGISTERED OFFICE: Pontefract Road
Barnsley
South Yorkshire
S71 1JA





REGISTERED NUMBER: 09202477 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

YORKSHIRE INDUSTRIAL TYRES LIMITED (REGISTERED NUMBER: 09202477)
TRADING AS BARNSLEY AUTO CENTRE

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 265,890 280,007

CURRENT ASSETS
Stocks 319,742 320,873
Debtors 5 468,346 458,004
Cash at bank and in hand 117,713 139,351
905,801 918,228
CREDITORS
Amounts falling due within one year 6 (569,912 ) (604,062 )
NET CURRENT ASSETS 335,889 314,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,779

594,173

CREDITORS
Amounts falling due after more than
one year

7

(36,385

)

(39,797

)

PROVISIONS FOR LIABILITIES (54,554 ) (47,612 )
NET ASSETS 510,840 506,764

YORKSHIRE INDUSTRIAL TYRES LIMITED (REGISTERED NUMBER: 09202477)
TRADING AS BARNSLEY AUTO CENTRE

BALANCE SHEET - continued
31 OCTOBER 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 510,740 506,664
SHAREHOLDERS' FUNDS 510,840 506,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





E L Davies - Director


YORKSHIRE INDUSTRIAL TYRES LIMITED (REGISTERED NUMBER: 09202477)
TRADING AS BARNSLEY AUTO CENTRE

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

1. STATUTORY INFORMATION

Yorkshire Industrial Tyres 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Income statement, 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.


YORKSHIRE INDUSTRIAL TYRES LIMITED (REGISTERED NUMBER: 09202477)
TRADING AS BARNSLEY AUTO CENTRE

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

2. ACCOUNTING POLICIES - continued
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.

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 year was 18 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 591,696
Additions 74,209
Disposals (37,187 )
At 31 October 2023 628,718
DEPRECIATION
At 1 November 2022 311,689
Charge for year 83,616
Eliminated on disposal (32,477 )
At 31 October 2023 362,828
NET BOOK VALUE
At 31 October 2023 265,890
At 31 October 2022 280,007

YORKSHIRE INDUSTRIAL TYRES LIMITED (REGISTERED NUMBER: 09202477)
TRADING AS BARNSLEY AUTO CENTRE

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 371,652 353,972
Other debtors 96,694 104,032
468,346 458,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 34,131 34,101
Trade creditors 193,449 211,680
Taxation and social security 53,282 56,265
Other creditors 289,050 302,016
569,912 604,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 36,385 39,797

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A 1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is E L Davies.