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REGISTERED NUMBER: 08529520 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

GOODYEAR 1ST LTD

GOODYEAR 1ST LTD (REGISTERED NUMBER: 08529520)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

GOODYEAR 1ST LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M A Goodyear





SECRETARY: Mrs C Goodyear





REGISTERED OFFICE: 4 Cowdray Park
Alton
Hampshire
GU34 2TT





REGISTERED NUMBER: 08529520 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

GOODYEAR 1ST LTD (REGISTERED NUMBER: 08529520)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,397

CURRENT ASSETS
Debtors 5 1,517
Cash at bank 8,200
9,717
CREDITORS
Amounts falling due within one year 6 7,485
NET CURRENT ASSETS 2,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,629

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 7,628
SHAREHOLDERS' FUNDS 7,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 September 2024 and were signed by:




M A Goodyear - Director


GOODYEAR 1ST LTD (REGISTERED NUMBER: 08529520)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Goodyear 1st Ltd 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.

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.

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 2 .

GOODYEAR 1ST LTD (REGISTERED NUMBER: 08529520)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 22,699
Additions 1,295
Disposals (547 )
At 31 May 2024 23,447
DEPRECIATION
At 1 June 2023 16,095
Charge for year 2,502
Eliminated on disposal (547 )
At 31 May 2024 18,050
NET BOOK VALUE
At 31 May 2024 5,397
At 31 May 2023 6,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 936
Other debtors 581
1,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 6,185
Other creditors 1,300
7,485

GOODYEAR 1ST LTD

Report of the Accountants to the Director of
Goodyear 1st Ltd


The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX


9 September 2024