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Company Registration No. 11316061 (England and Wales)
Sky Tyres Wholesales Ltd Unaudited accounts for the year ended 30 June 2023
Sky Tyres Wholesales Ltd Unaudited accounts Contents
Page
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Sky Tyres Wholesales Ltd Company Information for the year ended 30 June 2023
Director
KAMALUDDEN, Jan
Company Number
11316061 (England and Wales)
Registered Office
Unit 27 Fairview Business Centre Clayton Road Hayes UB3 1AN England
Accountants
KPK Accountants LImited 79 College Road Harrow HA1 1BD
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Sky Tyres Wholesales Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,282 
5,381 
Current assets
Inventories
360,646 
- 
Debtors
9,284 
- 
Cash at bank and in hand
37,155 
212,935 
407,085 
212,935 
Creditors: amounts falling due within one year
(9,318)
(92,844)
Net current assets
397,767 
120,091 
Total assets less current liabilities
404,049 
125,472 
Creditors: amounts falling due after more than one year
(279,334)
(40,483)
Net assets
124,715 
84,989 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
123,715 
83,989 
Shareholders' funds
124,715 
84,989 
For the year ending 30 June 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 13 December 2023 and were signed on its behalf by
KAMALUDDEN, Jan Director Company Registration No. 11316061
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Sky Tyres Wholesales Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Sky Tyres Wholesales Ltd is a private company, limited by shares, registered in England and Wales, registration number 11316061. The registered office is Unit 27 Fairview Business Centre, Clayton Road, Hayes, UB3 1AN, England.
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
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.
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:
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
5,800 
2,388 
1,330 
9,518 
Additions
- 
2,280 
- 
2,280 
At 30 June 2023
5,800 
4,668 
1,330 
11,798 
Depreciation
At 1 July 2022
2,773 
664 
700 
4,137 
Charge for the year
545 
721 
113 
1,379 
At 30 June 2023
3,318 
1,385 
813 
5,516 
Net book value
At 30 June 2023
2,482 
3,283 
517 
6,282 
At 30 June 2022
3,027 
1,724 
630 
5,381 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,284 
- 
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Sky Tyres Wholesales Ltd Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
9,318 
4,384 
Loans from directors
- 
88,460 
9,318 
92,844 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,834 
40,483 
Loans from directors
249,500 
- 
279,334 
40,483 
8
Average number of employees
During the year the average number of employees was 5 (2022: 7).
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