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REGISTERED NUMBER: 12480893 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M&A Tyres Ltd

M&A Tyres Ltd (Registered number: 12480893)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

M&A Tyres Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Matthew Richard Savill
Mrs Suzanne Charlotte Savill





REGISTERED OFFICE: Unit 2 The Foundry
101 East Road
Sleaford
Lincolnshire
NG34 7EH





REGISTERED NUMBER: 12480893 (England and Wales)





ACCOUNTANTS: D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD

M&A Tyres Ltd (Registered number: 12480893)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,400 19,200
Tangible assets 5 48,202 23,723
62,602 42,923

CURRENT ASSETS
Stocks 59,589 62,977
Debtors 6 140,946 104,675
Cash at bank 32,386 17,481
232,921 185,133
CREDITORS
Amounts falling due within one year 7 260,357 216,155
NET CURRENT LIABILITIES (27,436 ) (31,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,166

11,901

CREDITORS
Amounts falling due after more than one
year

8

24,547

-
NET ASSETS 10,619 11,901

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10,519 11,801
SHAREHOLDERS' FUNDS 10,619 11,901

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

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

M&A Tyres Ltd (Registered number: 12480893)

Balance Sheet - continued
31 March 2024


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 6 August 2024 and were signed on its behalf by:





Mr Matthew Richard Savill - Director


M&A Tyres Ltd (Registered number: 12480893)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M&A Tyres 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 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

M&A Tyres Ltd (Registered number: 12480893)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 24,000
AMORTISATION
At 1 April 2023 4,800
Charge for year 4,800
At 31 March 2024 9,600
NET BOOK VALUE
At 31 March 2024 14,400
At 31 March 2023 19,200

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 30,738
Additions 39,659
At 31 March 2024 70,397
DEPRECIATION
At 1 April 2023 7,015
Charge for year 15,180
At 31 March 2024 22,195
NET BOOK VALUE
At 31 March 2024 48,202
At 31 March 2023 23,723

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 140,946 104,675

M&A Tyres Ltd (Registered number: 12480893)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans - 2,000
Hire purchase contracts 7,013 -
Trade creditors 91,454 61,086
Credit card 316 83
Tax 14,331 23,134
Pension creditor 640 558
VAT 23,267 22,251
Other creditors 2,032 -
Directors' current accounts 119,534 105,308
Accrued expenses 1,770 1,735
260,357 216,155

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 24,547 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £74,860 (2023 - £74,860) were paid to the directors .

M&A Tyres Ltd

Report of the Accountants to the Directors of
M&A Tyres 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD


6 August 2024