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REGISTERED NUMBER: 05718111 (England and Wales)














ALLNIGHT TYRES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






ALLNIGHT TYRES LTD (REGISTERED NUMBER: 05718111)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ALLNIGHT TYRES LTD

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTOR: W J Brackenbury





SECRETARY: Mrs J A Brackenbury





REGISTERED OFFICE: Unit C6
The Ensign Trading Estate
Arterial Road
Purfleet
Essex
RM19 1TB





REGISTERED NUMBER: 05718111 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

ALLNIGHT TYRES LTD (REGISTERED NUMBER: 05718111)

ABRIDGED BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,821 123,725

CURRENT ASSETS
Stocks 48,500 55,000
Debtors 792,845 798,481
Cash at bank 91,540 51,128
932,885 904,609
CREDITORS
Amounts falling due within one year 510,315 504,175
NET CURRENT ASSETS 422,570 400,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,391

524,159

CREDITORS
Amounts falling due after more than one year 29,939 40,000
NET ASSETS 526,452 484,159

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 526,352 484,059
SHAREHOLDERS' FUNDS 526,452 484,159

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALLNIGHT TYRES LTD (REGISTERED NUMBER: 05718111)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





W J Brackenbury - Director


ALLNIGHT TYRES LTD (REGISTERED NUMBER: 05718111)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

Allnight 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

ALLNIGHT TYRES LTD (REGISTERED NUMBER: 05718111)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 271,836
Additions 54,703
At 31 May 2023 326,539
DEPRECIATION
At 1 June 2022 148,111
Charge for year 44,607
At 31 May 2023 192,718
NET BOOK VALUE
At 31 May 2023 133,821
At 31 May 2022 123,725