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REGISTERED NUMBER: 07532366















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

J P Tyres Limited

J P Tyres Limited (Registered number: 07532366)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


J P Tyres Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J Goymer
P Goymer





SECRETARY: Stones Book Keeping Services (Sussex) Limited





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 07532366






J P Tyres Limited

Report of the Accountants to the Directors of
J P 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.

You consider that the company is exempt from an audit for the period ended as above. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.


In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.


We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.








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

J P Tyres Limited (Registered number: 07532366)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,781 11,485

CURRENT ASSETS
Stocks 7,486 9,979
Debtors 5 54,758 56,580
Cash at bank 32,009 37,666
94,253 104,225
CREDITORS
Amounts falling due within one year 6 44,780 41,150
NET CURRENT ASSETS 49,473 63,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,254

74,560

PROVISIONS FOR LIABILITIES 2,670 894
NET ASSETS 69,584 73,666

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,484 73,566
SHAREHOLDERS' FUNDS 69,584 73,666

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.

J P Tyres Limited (Registered number: 07532366)

Balance Sheet - continued
30 November 2023


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 11 July 2024 and were signed on its behalf by:





J Goymer - Director


J P Tyres Limited (Registered number: 07532366)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

J P Tyres Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% 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.

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.

J P Tyres Limited (Registered number: 07532366)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 17,778 11,201 6,390 916 36,285
Additions - 14,964 - - 14,964
At 30 November 2023 17,778 26,165 6,390 916 51,249
DEPRECIATION
At 1 December 2022 14,785 4,922 4,715 378 24,800
Charge for year 599 2,626 335 108 3,668
At 30 November 2023 15,384 7,548 5,050 486 28,468
NET BOOK VALUE
At 30 November 2023 2,394 18,617 1,340 430 22,781
At 30 November 2022 2,993 6,279 1,675 538 11,485

5. DEBTORS
30/11/23 30/11/22
£    £   
Amounts falling due within one year:
Trade debtors 2,365 1,756

Amounts falling due after more than one year:
Amounts owed by joint ventures 52,393 54,824

Aggregate amounts 54,758 56,580

J P Tyres Limited (Registered number: 07532366)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 12,737 26,717
Tax 16,506 8,809
Social security and other taxes 370 353
VAT 4,006 2,363
Directors' loan accounts 10,066 1,953
Accrued expenses 1,095 955
44,780 41,150

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the Balance sheet date the directors loan account on the balance sheet was owed to the Directors. No interest was charged and no agreed repayment date has been set.