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REGISTERED NUMBER: 03659366 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PEMBERTON TYRES LIMITED

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEMBERTON TYRES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: A Bott
Mrs K Bott
J A Bott





SECRETARY: Mrs K Bott





REGISTERED OFFICE: 20 Chapel Street
Pemberton
Wigan
Lancashire
WN5 8JR





REGISTERED NUMBER: 03659366 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 13,500
Tangible assets 5 52,938 56,272
61,938 69,772

CURRENT ASSETS
Stocks 72,208 68,233
Debtors 6 54,221 67,749
Cash at bank and in hand 117,665 139,209
244,094 275,191
CREDITORS
Amounts falling due within one year 7 133,222 174,441
NET CURRENT ASSETS 110,872 100,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,810

170,522

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 172,710 170,422
SHAREHOLDERS' FUNDS 172,810 170,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:



A Bott - Director


PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pemberton Tyres 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 represents the net invoiced value of goods sold, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, Directors loan accounts, trade creditors, other creditors and accruals.

Financial instruments that are payable or receivable within one year, typically trade creditors, accruals, and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Derivative financial instruments are recognised at fair value using a valuation technique with any gains or losses being reported in profit or loss. Outstanding derivatives at reporting date are included under the appropriate format heading depending on the nature of the derivative.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 45,000
AMORTISATION
At 1 November 2022 31,500
Charge for year 4,500
At 31 October 2023 36,000
NET BOOK VALUE
At 31 October 2023 9,000
At 31 October 2022 13,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 218,652
Additions 7,000
At 31 October 2023 225,652
DEPRECIATION
At 1 November 2022 162,380
Charge for year 10,334
At 31 October 2023 172,714
NET BOOK VALUE
At 31 October 2023 52,938
At 31 October 2022 56,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,811 39,339
Other debtors 28,410 28,410
54,221 67,749

PEMBERTON TYRES LIMITED (REGISTERED NUMBER: 03659366)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83,254 127,508
Taxation and social security 46,436 40,420
Other creditors 3,532 6,513
133,222 174,441

8. ULTIMATE CONTROLLING PARTY

Given the shareholding there is no ultimate controlling party.