1 January 2023 false No description of principal activity Taxfiler 2024.5 07506624business:PrivateLimitedCompanyLtd2023-01-012023-12-31 075066242022-12-31 07506624business:EntityNoLongerTradingButTradedInPast2023-01-012023-12-31 075066242023-01-012023-12-31 07506624business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 07506624business:FilletedAccounts2023-01-012023-12-31 075066242023-12-31 07506624business:Director12023-01-012023-12-31 07506624business:RegisteredOffice2023-01-012023-12-31 075066242022-12-31 07506624core:WithinOneYear2023-12-31 07506624core:WithinOneYear2022-12-31 07506624core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07506624core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07506624core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07506624core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07506624core:PreviouslyStatedAmount2023-12-31 07506624core:PreviouslyStatedAmount2022-12-31 07506624business:SmallEntities2023-01-012023-12-31 07506624countries:EnglandWales2023-01-012023-12-31 07506624core:LandBuildings2023-01-012023-12-31 07506624core:PlantMachinery2023-01-012023-12-31 07506624core:MotorVehicles2023-01-012023-12-31 07506624core:FurnitureFittings2023-01-012023-12-31 07506624core:ComputerEquipment2023-01-012023-12-31 07506624core:PlantMachinery2022-12-31 07506624core:MotorVehicles2022-12-31 07506624core:ComputerEquipment2022-12-31 07506624core:PlantMachinery2023-12-31 07506624core:MotorVehicles2023-12-31 07506624core:ComputerEquipment2023-12-31 07506624business:OrdinaryShareClass12023-01-012023-12-31 07506624business:OrdinaryShareClass12022-01-012022-12-31 075066242022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07506624 (England and Wales)
CHESTER TYRES LTD Unaudited accounts for the year ended 31 December 2023
CHESTER TYRES LTD Unaudited accounts Contents
Page
- 2 -
CHESTER TYRES LTD Company Information for the year ended 31 December 2023
Director
RAFAL BOCZEK
Company Number
07506624 (England and Wales)
Registered Office
30 BUMPERS LANE, SEALAND INDUSTRIAL ESTA CHESTER CH1 4LT
- 3 -
CHESTER TYRES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
140,063 
163,815 
Current assets
Cash at bank and in hand
18,623 
26,025 
Creditors: amounts falling due within one year
(105,447)
(122,100)
Net current liabilities
(86,824)
(96,075)
Net assets
53,239 
67,740 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
53,139 
67,640 
Shareholders' funds
53,239 
67,740 
For the year ending 31 December 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 19 July 2024 and were signed on its behalf by
RAFAL BOCZEK Director Company Registration No. 07506624
- 4 -
CHESTER TYRES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
CHESTER TYRES LTD is a private company, limited by shares, registered in England and Wales, registration number 07506624. The registered office is 30 BUMPERS LANE, SEALAND INDUSTRIAL ESTA, CHESTER, CH1 4LT.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following method: Reducing Balance
Land & buildings
N/A
Plant & machinery
10% - 20%
Motor vehicles
20%
Fixtures & fittings
15% - 20%
Computer equipment
33%
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
- 5 -
CHESTER TYRES LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
72,496 
142,495 
1,690 
216,681 
Additions
11,466 
- 
- 
11,466 
At 31 December 2023
83,962 
142,495 
1,690 
228,147 
Depreciation
At 1 January 2023
36,115 
14,504 
2,247 
52,866 
Charge for the year
7,276 
28,499 
(557)
35,218 
At 31 December 2023
43,391 
43,003 
1,690 
88,084 
Net book value
At 31 December 2023
40,571 
99,492 
- 
140,063 
At 31 December 2022
36,381 
127,991 
(557)
163,815 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
20,369 
24,664 
Obligations under finance leases and hire purchase contracts
54,542 
77,917 
Trade creditors
17,059 
12,757 
Taxes and social security
9,207 
3,892 
Other creditors
4,270 
2,870 
105,447 
122,100 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).
- 6 -