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Company Registration No. 05334712 (England and Wales)
Halstead Tyre & Exhaust Centre Limited Unaudited accounts for the year ended 28 February 2023
Halstead Tyre & Exhaust Centre Limited Unaudited accounts Contents
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Halstead Tyre & Exhaust Centre Limited Company Information for the year ended 28 February 2023
Directors
Mr A Denton Miss L G Balogun
Secretary
Mrs T Izzard-Johnson
Company Number
05334712 (England and Wales)
Registered Office
Unit 2 Weavers Court Halstead Essex CO9 2JN United Kingdom
Accountants
Lynne Naylor Unit 2 Weavers Court Halstead Essex CO9 2JN
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Halstead Tyre & Exhaust Centre Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
67,920 
67,920 
Tangible assets
941,095 
753,306 
1,009,015 
821,226 
Current assets
Inventories
7,278 
7,278 
Debtors
107,300 
38,604 
Cash at bank and in hand
59,521 
124,782 
174,099 
170,664 
Creditors: amounts falling due within one year
(174,537)
(143,171)
Net current (liabilities)/assets
(438)
27,493 
Total assets less current liabilities
1,008,577 
848,719 
Creditors: amounts falling due after more than one year
(951,941)
(792,520)
Net assets
56,636 
56,199 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
56,536 
56,099 
Shareholders' funds
56,636 
56,199 
For the year ending 28 February 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 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 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 of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
Mr A Denton Director Company Registration No. 05334712
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Halstead Tyre & Exhaust Centre Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Halstead Tyre & Exhaust Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 05334712. The registered office is Unit 2 Weavers Court, Halstead, Essex, CO9 2JN, 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:
Land & buildings
0%
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
67,920 
At 28 February 2023
67,920 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
67,920 
At 28 February 2022
67,920 
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Halstead Tyre & Exhaust Centre Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
5,000 
1,576,209 
1,528 
1,582,737 
Additions
- 
452,194 
- 
452,194 
Disposals
- 
(203,334)
- 
(203,334)
At 28 February 2023
5,000 
1,825,069 
1,528 
1,831,597 
Depreciation
At 1 March 2022
- 
829,706 
(275)
829,431 
Charge for the year
- 
191,663 
- 
191,663 
On disposals
- 
(130,592)
- 
(130,592)
At 28 February 2023
- 
890,777 
(275)
890,502 
Net book value
At 28 February 2023
5,000 
934,292 
1,803 
941,095 
At 28 February 2022
5,000 
746,503 
1,803 
753,306 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
11,584 
Trade debtors
80,435 
25,351 
Accrued income and prepayments
25,196 
- 
Other debtors
1,669 
1,669 
107,300 
38,604 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
87 
- 
Trade creditors
163,808 
140,145 
Taxes and social security
10,642 
3,026 
174,537 
143,171 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
137,642 
77,080 
Obligations under finance leases and hire purchase contracts
858,324 
756,452 
Taxes and social security
698 
1,091 
Loans from directors
(44,723)
(43,203)
Accruals
- 
1,100 
951,941 
792,520 
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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