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REGISTERED NUMBER: 05455276 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ROADRUNNER TYRE TRADING LTD

ROADRUNNER TYRE TRADING LTD (REGISTERED NUMBER: 05455276)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

ROADRUNNER TYRE TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs B M Hodgkinson
Mr A C Hodgkinson





REGISTERED OFFICE: Cabus Commercial Park
Lancaster New Road Cabus
Preston
Lancashire
PR3 1AD





REGISTERED NUMBER: 05455276 (England and Wales)





ACCOUNTANTS: Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT

ROADRUNNER TYRE TRADING LTD (REGISTERED NUMBER: 05455276)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,399 6,000
Tangible assets 5 258,996 215,845
262,395 221,845

CURRENT ASSETS
Stocks 143,547 173,481
Debtors 173,137 172,886
Cash at bank and in hand 41,993 60,346
358,677 406,713
CREDITORS
Amounts falling due within one year 312,973 371,786
NET CURRENT ASSETS 45,704 34,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,099

256,772

CREDITORS
Amounts falling due after more than one
year

(113,011

)

(70,040

)

PROVISIONS FOR LIABILITIES (46,512 ) (41,011 )
NET ASSETS 148,576 145,721

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 148,476 145,621
SHAREHOLDERS' FUNDS 148,576 145,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

ROADRUNNER TYRE TRADING LTD (REGISTERED NUMBER: 05455276)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 July 2024 and were signed on its behalf by:





Mr A C Hodgkinson - Director


ROADRUNNER TYRE TRADING LTD (REGISTERED NUMBER: 05455276)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Roadrunner Tyre Trading Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ROADRUNNER TYRE TRADING LTD (REGISTERED NUMBER: 05455276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 60,000
Additions 399
At 31 May 2024 60,399
AMORTISATION
At 1 June 2023 54,000
Amortisation for year 3,000
At 31 May 2024 57,000
NET BOOK VALUE

At 31 May 2024 3,399
At 31 May 2023 6,000

ROADRUNNER TYRE TRADING LTD (REGISTERED NUMBER: 05455276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 454,007
Additions 167,875
Disposals (112,867 )
At 31 May 2024 509,015
DEPRECIATION
At 1 June 2023 238,162
Charge for year 45,931
Eliminated on disposal (34,074 )
At 31 May 2024 250,019
NET BOOK VALUE
At 31 May 2024 258,996
At 31 May 2023 215,845

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 188,954
Additions 150,921
Disposals (107,617 )
At 31 May 2024 232,258
DEPRECIATION
At 1 June 2023 57,799
Charge for year 31,449
Eliminated on disposal (33,809 )
At 31 May 2024 55,439
NET BOOK VALUE
At 31 May 2024 176,819
At 31 May 2023 131,155

6. RELATED PARTY DISCLOSURES

The directors operated a loan accounts with the company. The balance owed to the directors at 31 May 2024 was £92 (2023 - £6,297).

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A C Hodgkinson.

The ultimate controlling party is Mr & Mrs Hodgkinson, who together own 100% of the issued share capital of the company.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROADRUNNER TYRE TRADING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roadrunner Tyre Trading Ltd for the year ended 31 May 2024 which comprise the Abridged Income Statement, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Roadrunner Tyre Trading Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roadrunner Tyre Trading Ltd and state those matters that we have agreed to state to the Board of Directors of Roadrunner Tyre Trading Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Roadrunner Tyre Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Roadrunner Tyre Trading Ltd. You consider that Roadrunner Tyre Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roadrunner Tyre Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT


24 July 2024