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REGISTERED NUMBER: 08492876 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

EARTHMOVER TYRES (WAKEFIELD) LIMITED

EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EARTHMOVER TYRES (WAKEFIELD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: D Hodgkinson
D Stone





REGISTERED OFFICE: Unit 2 Flanshaw Way
Silkwood Park
Wakefield
West Yorkshire
WF2 9LP





REGISTERED NUMBER: 08492876 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 251,032 228,314

CURRENT ASSETS
Stocks 54,683 74,777
Debtors 5 572,546 618,146
Cash at bank and in hand 720,194 539,850
1,347,423 1,232,773
CREDITORS
Amounts falling due within one year 6 (494,808 ) (516,079 )
NET CURRENT ASSETS 852,615 716,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,103,647

945,008

CREDITORS
Amounts falling due after more than
one year

7

(18,750

)

(27,083

)

PROVISIONS FOR LIABILITIES (61,619 ) (42,417 )
NET ASSETS 1,023,278 875,508

EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)

BALANCE SHEET - continued
31 MAY 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 500 500
Retained earnings 1,022,278 874,508
SHAREHOLDERS' FUNDS 1,023,278 875,508

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.

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 18 July 2024 and were signed on its behalf by:




D Hodgkinson - Director



D Stone - Director


EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)

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

1. STATUTORY INFORMATION

Earthmover Tyres (Wakefield) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on cost and 15% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)

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

2. ACCOUNTING POLICIES - continued
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
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.

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 - 8 ) .

EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 10,145 535,824 545,969
Additions - 82,142 82,142
At 31 May 2024 10,145 617,966 628,111
DEPRECIATION
At 1 June 2023 5,080 312,575 317,655
Charge for year 508 58,916 59,424
At 31 May 2024 5,588 371,491 377,079
NET BOOK VALUE
At 31 May 2024 4,557 246,475 251,032
At 31 May 2023 5,065 223,249 228,314


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 523,824 568,548
Other debtors 48,722 49,598
572,546 618,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,500 20,504
Trade creditors 285,321 338,784
Taxation and social security 141,090 130,800
Other creditors 45,897 25,991
494,808 516,079

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,750 27,083

EARTHMOVER TYRES (WAKEFIELD) LIMITED (REGISTERED NUMBER: 08492876)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,250 47,587

Hire purchase creditors are secured by the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 500 500

10. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by the directors.