Great Tyres UK Ltd |
Data not obtained from trial balance |
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Current year |
Comparative |
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Units (eg £ or £000) |
£ |
include a trailing space |
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Company registration number |
10861943 |
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Date |
Approval date of the accounts by the board |
28/08/2024 |
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Date |
Date of signing on the audit/accountants report |
28/08/2024 |
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Date of engagement letter (required for |
Date |
CA and ACCA reports) |
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Person signing directors' report: |
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Name of director |
Nisar Ahmad |
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Or, name of secretary |
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Name of director signing balance sheet |
Nisar Ahmad |
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Address of registered office: |
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Address line 1 |
1 Faversham Road |
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Address line 2 |
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City or town |
Morden |
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County or region |
United Kingdome |
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Postcode |
SM4 6RE |
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Name of senior statutory auditor |
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Name of auditors/accountants |
Alchemy Associates Ltd |
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Type of firm (eg Chartered Accountants) |
Chartered Certified Accountants |
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Address of auditors/accountants |
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Address line 1 |
4 Wangey Road |
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Address line 2 |
Chadwell |
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City or town |
Romford |
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County or region |
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Postcode |
RM6 4DD |
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Prior year adjustments (+ for a gain; - for a loss) |
£ |
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Correction of prior year errors |
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Effect of retrospective changes in accounting policies |
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More info on prior year adjustments |
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Number |
Number |
Average number of persons employed by the company |
- |
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- |
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Freehold land & buildings if |
revalued amounts shown in trial balance: |
£ |
£ |
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historical cost |
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cumulative depreciation based on cost |
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Historical cost of fixed asset investments |
£ |
£ |
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Investments in subsidiaries |
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Other investments |
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£ |
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Amounts due after more than one year included in debtors |
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Amounts included in creditors falling due for payment |
after more than five years: |
£ |
£ |
Payable otherwise than by installment |
Payable by installment |
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£ |
£ |
Secured bank loans included in creditors |
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Capital commitments: |
£ |
£ |
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contracted |
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Total future payments due under non-cancellable |
£ |
£ |
operating leases |
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Great Tyres UK Ltd |
Registered number: |
10861943 |
Balance Sheet |
as at 31 July 2024 |
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Notes |
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2024 |
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2023 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
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369 |
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461 |
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Current assets |
Cash at bank and in hand |
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50 |
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51 |
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Creditors: amounts falling due within one year |
3 |
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(34,288) |
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(33,522) |
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Net current liabilities |
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(34,238) |
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(33,471) |
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Total assets less current liabilities |
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(33,869) |
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(33,010) |
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Creditors: amounts falling due after more than one year |
4 |
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(56,691) |
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(55,354) |
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Net liabilities |
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(90,560) |
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(88,364) |
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Capital and reserves |
Called up share capital |
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1 |
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1 |
Profit and loss account |
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(90,561) |
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(88,365) |
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Shareholders' funds |
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(90,560) |
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(88,364) |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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Nisar Ahmad |
Director |
Approved by the board on 28 August 2024 |
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Great Tyres UK Ltd |
Notes to the Accounts |
for the year ended 31 July 2024 |
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1 |
Accounting policies |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Fixtures, fittings, tools and equipment |
20% RBM |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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2 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 August 2023 |
1,123 |
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At 31 July 2024 |
1,123 |
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Depreciation |
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At 1 August 2023 |
662 |
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Charge for the year |
92 |
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At 31 July 2024 |
754 |
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Net book value |
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At 31 July 2024 |
369 |
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At 31 July 2023 |
461 |
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3 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Bank loans and overdrafts |
4,473 |
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4,187 |
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Director's account |
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28,855 |
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28,855 |
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Other creditors |
960 |
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480 |
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34,288 |
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33,522 |
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4 |
Creditors: amounts falling due after one year |
2024 |
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2023 |
£ |
£ |
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Bank loans |
18,749 |
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20,863 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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37,942 |
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34,491 |
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56,691 |
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55,354 |
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5 |
Other information |
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Great Tyres UK Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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1 Faversham Road |
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Morden |
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United Kingdome |
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SM4 6RE |