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REGISTERED NUMBER: 03667955 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

C AND S TYRES LIMITED

C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

C AND S TYRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Campbell
D P Campbell
M Campbell



REGISTERED OFFICE: Harelands Courtyard Offices Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



REGISTERED NUMBER: 03667955 (England and Wales)



ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



SOLICITORS: Goodswens
118 High Street
Redcar
Cleveland
TS10 3DJ

C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,789 52,857
48,789 52,857

CURRENT ASSETS
Stocks 29,470 28,000
Debtors 6 170,519 178,308
Cash at bank 189,300 173,745
389,289 380,053
CREDITORS
Amounts falling due within one year 7 215,431 232,602
NET CURRENT ASSETS 173,858 147,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,647

200,308

CREDITORS
Amounts falling due after more than
one year

8

(16,663

)

(26,519

)

PROVISIONS FOR LIABILITIES (9,270 ) (9,681 )
NET ASSETS 196,714 164,108

C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 66,600 66,600
Retained earnings 127,114 94,508
SHAREHOLDERS' FUNDS 196,714 164,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 29 August 2024 and were signed on its behalf by:




M Campbell - Director A Campbell - Director




D P Campbell - Director


C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

C and S Tyres 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.

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 1998, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Fixtures and fittings - 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.

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.

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.

C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 74,161
AMORTISATION
At 1 December 2022
and 30 November 2023 74,161
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 2,500 71,940 9,785 70,413 154,638
Additions - 5,887 - - 5,887
At 30 November 2023 2,500 77,827 9,785 70,413 160,525
DEPRECIATION
At 1 December 2022 600 54,646 8,090 38,445 101,781
Charge for year 50 3,257 255 6,393 9,955
At 30 November 2023 650 57,903 8,345 44,838 111,736
NET BOOK VALUE
At 30 November 2023 1,850 19,924 1,440 25,575 48,789
At 30 November 2022 1,900 17,294 1,695 31,968 52,857

C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,521 50,205
Other debtors 110,998 128,103
170,519 178,308

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,921 11,447
Trade creditors 113,865 167,949
Taxation and social security 81,480 50,616
Other creditors 9,165 2,590
215,431 232,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,663 26,519

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
A Campbell
Balance outstanding at start of year 10,147 16,873
Amounts advanced - 28,774
Amounts repaid (10,147 ) (35,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,147

C AND S TYRES LIMITED (REGISTERED NUMBER: 03667955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D P Campbell
Balance outstanding at start of year 4,934 11,843
Amounts advanced 31,315 28,591
Amounts repaid (35,500 ) (35,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 749 4,934

M Campbell
Balance outstanding at start of year 15,769 23,291
Amounts advanced 34,337 29,480
Amounts repaid (35,583 ) (37,002 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,523 15,769

All advances to Directors are repayable on demand and interest is charged at the official rate published by HM Revenue & Customs.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Campbell, Mr M Campbell and Mr D Campbell.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C AND S TYRES LIMITED


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C and S Tyres Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet 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 C and S Tyres Limited, 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 C and S Tyres Limited and state those matters that we have agreed to state to the Board of Directors of C and S Tyres Limited, 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 C and S Tyres Limited 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 C and S Tyres Limited. You consider that C and S Tyres Limited 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 C and S Tyres Limited. 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.






Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C AND S TYRES LIMITED


Date: .............................................