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Company Registration No. 12934096 (England and Wales)
JASON'S TYRE SERVICES LTD Annual report and unaudited accounts for the year ended 31 December 2023
JASON'S TYRE SERVICES LTD Annual report and unaudited accounts Contents
Page
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JASON'S TYRE SERVICES LTD Company Information for the year ended 31 December 2023
Director
Jason Poland
Company Number
12934096 (England and Wales)
Registered Office
UNIT 12 CROFTY INDUSTRIAL ESTATE CROFTY SWANSEA SA4 3RS UNITED KINGDOM
Accountants
Gower Accountancy & Tax Advisory Services Ltd Bryn Robin Burry Green Reynoldston Swansea SA3 1HR
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JASON'S TYRE SERVICES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,337 
61,792 
Current assets
Inventories
33,903 
30,328 
Debtors
23,506 
12,114 
Cash at bank and in hand
7,390 
12,277 
64,799 
54,719 
Creditors: amounts falling due within one year
(128,202)
(148,278)
Net current liabilities
(63,403)
(93,559)
Total assets less current liabilities
(12,066)
(31,767)
Creditors: amounts falling due after more than one year
(19,259)
(25,157)
Net liabilities
(31,325)
(56,924)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,326)
(56,925)
Shareholders' funds
(31,325)
(56,924)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 27 March 2024 and were signed on its behalf by
Jason Poland Director Company Registration No. 12934096
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JASON'S TYRE SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
JASON'S TYRE SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 12934096. The registered office is UNIT 12 CROFTY INDUSTRIAL ESTATE, CROFTY, SWANSEA, SA4 3RS, 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
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
Reducing balance over 10 years
Motor vehicles
Straight Line over 5 years
Fixtures & fittings
Reducing balance over 10 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
45,461 
28,570 
4,000 
78,031 
At 31 December 2023
45,461 
28,570 
4,000 
78,031 
Depreciation
At 1 January 2023
6,049 
10,000 
190 
16,239 
Charge for the year
3,941 
5,714 
800 
10,455 
At 31 December 2023
9,990 
15,714 
990 
26,694 
Net book value
At 31 December 2023
35,471 
12,856 
3,010 
51,337 
At 31 December 2022
39,412 
18,570 
3,810 
61,792 
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JASON'S TYRE SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,302 
3,015 
Accrued income and prepayments
2,804 
3,699 
Other debtors
5,400 
5,400 
23,506 
12,114 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,237 
20,394 
VAT
4,363 
4,317 
Obligations under finance leases and hire purchase contracts
6,167 
8,631 
Trade creditors
101,105 
96,279 
Taxes and social security
2,044 
1,501 
Other creditors
1,682 
221 
Loans from directors
6,604 
16,335 
Accruals
- 
600 
128,202 
148,278 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
19,259 
25,157 
8
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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