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
CHESTER TYRES LTD
Company Information
for the year ended 31 December 2023
Company Number
07506624 (England and Wales)
Registered Office
30 BUMPERS LANE, SEALAND INDUSTRIAL ESTA
CHESTER
CH1 4LT
CHESTER TYRES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
140,063
163,815
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)
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
CHESTER TYRES LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Plant & machinery
10% - 20%
Fixtures & fittings
15% - 20%
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.
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
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
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
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
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).