LOWER AUDLEY TYRE CENTRE LIMITED

Company Registration Number:
03509827 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

LOWER AUDLEY TYRE CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LOWER AUDLEY TYRE CENTRE LIMITED

Company Information

for the Period Ended 30 June 2023




Director: LIAQAT FEROZE
Registered office: Lower Audley Tyre Centre Limited
Bennington Street
Blackburn
Lancashire
BB2 3HP
Company Registration Number: 03509827 (England and Wales)

LOWER AUDLEY TYRE CENTRE LIMITED

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 81,458 85,515
Total fixed assets: 81,458 85,515
Current assets
Stocks: 62,356 87,630
Cash at bank and in hand: 94,206 95,126
Total current assets: 156,562 182,756
Creditors: amounts falling due within one year: 5 ( 26,895 ) ( 46,265 )
Net current assets (liabilities): 129,667 136,491
Total assets less current liabilities: 211,125 222,006
Provision for liabilities: ( 14,180 ) ( 16,248 )
Total net assets (liabilities): 196,945 205,758

The notes form part of these financial statements

LOWER AUDLEY TYRE CENTRE LIMITED

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 196,845 205,658
Shareholders funds: 196,945 205,758

For the year ending 30 June 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.

This report was approved by the board of directors on 1 March 2024
And Signed On Behalf Of The Board By:

Name: LIAQAT FEROZE
Status: Director

The notes form part of these financial statements

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever the shorter.

    Plant and machinery - 20% on reducing balance

    A full years charge is made in the year of addition, but no charge is made in the year of disposal.

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 5

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 July 2022 376,521 376,521
Additions 16,307 16,307
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2023 392,828 392,828
Depreciation
At 01 July 2022 291,006 291,006
Charge for year 20,364 20,364
On disposals - -
Other adjustments - -
At 30 June 2023 311,370 311,370
Net book value
At 30 June 2023 81,458 81,458
At 30 June 2022 85,515 85,515

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 17,013 27,866
Trade creditors 1,250
Taxation and social security 6,807 14,463
Accruals and deferred income 1,889 1,500
Other creditors 1,186 1,186
Total 26,895 46,265