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Registered number: 03952446

Tire Pressure Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
MSD Accountancy Limited
Accountancy
48
Park View Dr Nth
Charvil Reading
Berkshire
RG10 9QY

Tire Pressure Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Jeremy Oliver
REGISTERED OFFICE
C/O MSD Acc
48 Park View Drive North
Charvil
Reading
RG10 9QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03952446
ACCOUNTANTS
MSD Accountancy Limited
Accountancy
48
Park View Dr Nth
Charvil Reading
Berkshire
RG10 9QY

Tire Pressure Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Tire Pressure Limited

BALANCE SHEET AT 31/03/2023
2023
Notes£
FIXED ASSETS
Tangible assets32,090
CURRENT ASSETS
Stock500
Debtors55,997
Cash at bank and in hand5,000
11,497
CREDITORS: Amounts falling due within one year62,299
NET CURRENT ASSETS9,198
TOTAL ASSETS LESS CURRENT LIABILITIES11,288
CREDITORS: Amounts falling due after more than one year710,800
NET ASSETS488
CAPITAL AND RESERVES
Called up share capital8100
Profit and loss account388
SHAREHOLDERS' FUNDS488
For the year ending 31/03/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/06/2023 and signed on their behalf by
.............................
Jeremy Oliver
Director

Tire Pressure Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery %
Equipment %
Motor Cars %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
2023
No.No.
Average number of employees-
3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 01/04/20226,6943,82215,75026,266
At 31/03/20236,6943,82215,75026,266
Depreciation
At 01/04/20225,6323,61412,84222,088
For the year5301051,4532,088
At 31/03/20236,1623,71914,29524,176
Net Book Amounts
At 31/03/20235321031,4552,090
At 31/03/20221,0622082,9084,178

Tire Pressure Limited

4. STOCK 2023
£
Stock comprises:
Stock500
500
5. DEBTORS 2023
£
Amounts falling due within one year
Trade debtors1,235
Directors current account4,762
5,997
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Bank Loan1,149
Trade creditors1,150
2,299
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
£
Bank loans (unsecured) >1yr10,800
10,800
8. SHARE CAPITAL 2023
£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100
100