IRIS Accounts Production v23.3.1.45 05145912 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051459122022-06-30051459122023-06-30051459122022-07-012023-06-30051459122021-06-30051459122021-07-012022-06-30051459122022-06-3005145912ns10:Originalns15:EnglandWales2022-07-012023-06-3005145912ns14:PoundSterlingns10:Original2022-07-012023-06-3005145912ns10:Originalns10:Director12022-07-012023-06-3005145912ns10:Original2022-07-012023-06-3005145912ns10:Original2023-06-3005145912ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005145912ns10:Originalns10:SmallEntities2022-07-012023-06-3005145912ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005145912ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005145912ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005145912ns10:Originalns10:FullAccounts2022-07-012023-06-3005145912ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005145912ns10:Original2022-06-3005145912ns10:Originalns5:CurrentFinancialInstruments2023-06-3005145912ns10:Originalns5:CurrentFinancialInstruments2022-06-3005145912ns5:ShareCapitalns10:Original2023-06-3005145912ns5:ShareCapitalns10:Original2022-06-3005145912ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005145912ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005145912ns10:Original2021-07-012022-06-3005145912ns10:Originalns5:PlantMachinery2022-06-3005145912ns10:Originalns5:PlantMachinery2022-07-012023-06-3005145912ns10:Originalns5:PlantMachinery2023-06-3005145912ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005145912ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 05145912 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 June 2023

for

Tyre Express (Wholesale) Limited

Tyre Express (Wholesale) Limited (Registered number: 05145912)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tyre Express (Wholesale) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Darren J Logan





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 05145912 (England and Wales)

Tyre Express (Wholesale) Limited (Registered number: 05145912)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,200 -

CURRENT ASSETS
Debtors 5 160,249 157,438
Cash at bank 1,929 12
162,178 157,450
CREDITORS
Amounts falling due within one year 6 50,063 48,462
NET CURRENT ASSETS 112,115 108,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,315

108,988

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 116,314 108,987
SHAREHOLDERS' FUNDS 116,315 108,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 director and authorised for issue on 11 March 2024 and were signed by:



Mr Darren J Logan - Director


Tyre Express (Wholesale) Limited (Registered number: 05145912)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Tyre Express (Wholesale) 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.

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.

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.

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 1 (2022 - 1 ) .

Tyre Express (Wholesale) Limited (Registered number: 05145912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 26,846
Additions 5,600
At 30 June 2023 32,446
DEPRECIATION
At 1 July 2022 26,846
Charge for year 1,400
At 30 June 2023 28,246
NET BOOK VALUE
At 30 June 2023 4,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 160,249 157,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 38,426 43,982
Trade creditors (1 ) -
Taxation and social security 1,151 -
Other creditors 10,487 4,480
50,063 48,462

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Darren J Logan.