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
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
Halstead Tyre & Exhaust Centre Limited
Statement of financial position
as at 28 February 2023
Intangible assets
67,920
67,920
Tangible assets
941,095
753,306
Cash at bank and in hand
59,521
124,782
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)
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
Halstead Tyre & Exhaust Centre Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Other tangible fixed assets
18%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2023
67,920
At 28 February 2023
67,920
At 28 February 2022
67,920
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
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
At 28 February 2023
5,000
934,292
1,803
941,095
At 28 February 2022
5,000
746,503
1,803
753,306
Amounts falling due within one year
Trade debtors
80,435
25,351
Accrued income and prepayments
25,196
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
163,808
140,145
Taxes and social security
10,642
3,026
8
Creditors: amounts falling due after more than one year
2023
2022
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)
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).