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REGISTERED NUMBER: 07508490 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED

TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 07508490)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Collier
Mrs E J Collier





SECRETARY: Mrs E J Collier





REGISTERED OFFICE: The White House
Warrington Road
Northwich
Cheshire
CW8 4QU





REGISTERED NUMBER: 07508490 (England and Wales)





ACCOUNTANTS: Accountancy Services (Cheshire) Limited
Unit 2 Mallard Court
Mallard Way
Crewe Business Park
Crewe
Cheshire
CW1 6ZQ

TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 07508490)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,671 157,157

CURRENT ASSETS
Debtors 5 60,232 48,064
Cash at bank 31,480 45,687
91,712 93,751
CREDITORS
Amounts falling due within one year 6 167,740 201,602
NET CURRENT LIABILITIES (76,028 ) (107,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,643

49,306

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 117,543 49,206
SHAREHOLDERS' FUNDS 117,643 49,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 07508490)

BALANCE SHEET - continued
31 MARCH 2024


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 19 August 2024 and were signed on its behalf by:





R Collier - Director


TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 07508490)

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


1. STATUTORY INFORMATION

Tyre Reifen Engineering And Development 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.

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 - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

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.

TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 07508490)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 51,957 42,275 180,806 9,160 284,198
Additions 47,413 - 51,338 - 98,751
At 31 March 2024 99,370 42,275 232,144 9,160 382,949
DEPRECIATION
At 1 April 2023 36,014 7,454 75,969 7,604 127,041
Charge for year 15,839 6,965 39,044 389 62,237
At 31 March 2024 51,853 14,419 115,013 7,993 189,278
NET BOOK VALUE
At 31 March 2024 47,517 27,856 117,131 1,167 193,671
At 31 March 2023 15,943 34,821 104,837 1,556 157,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,232 48,064

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 134,257 172,737
Tax 7,973 -
VAT 21,715 27,099
Directors' current accounts 3,795 1,766
167,740 201,602

TYRE REIFEN ENGINEERING AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 07508490)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2023 49,206
Profit for the year 70,337
Dividends (2,000 )
At 31 March 2024 117,543