Great Tyres UK Ltd
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Company registration number 10861943
Date
Approval date of the accounts by the board 28/08/2024
Date
Date of signing on the audit/accountants report 28/08/2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Nisar Ahmad
Or, name of secretary
Name of director signing balance sheet Nisar Ahmad
Address of registered office:
Address line 1 1 Faversham Road
Address line 2
City or town Morden
County or region United Kingdome
Postcode SM4 6RE
Name of senior statutory auditor
Name of auditors/accountants Alchemy Associates Ltd
Type of firm (eg Chartered Accountants) Chartered Certified Accountants
Address of auditors/accountants
Address line 1 4 Wangey Road
Address line 2 Chadwell
City or town Romford
County or region
Postcode RM6 4DD
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company - -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
10861943
Great Tyres UK Ltd
Filleted Accounts
31 July 2024
Great Tyres UK Ltd
Registered number: 10861943
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 369 461
Current assets
Cash at bank and in hand 50 51
Creditors: amounts falling due within one year 3 (34,288) (33,522)
Net current liabilities (34,238) (33,471)
Total assets less current liabilities (33,869) (33,010)
Creditors: amounts falling due after more than one year 4 (56,691) (55,354)
Net liabilities (90,560) (88,364)
Capital and reserves
Called up share capital 1 1
Profit and loss account (90,561) (88,365)
Shareholders' funds (90,560) (88,364)
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.
Nisar Ahmad
Director
Approved by the board on 28 August 2024
Great Tyres UK Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
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.
Tangible fixed assets
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:
Fixtures, fittings, tools and equipment 20% RBM
Creditors
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.
Taxation
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.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,123
At 31 July 2024 1,123
Depreciation
At 1 August 2023 662
Charge for the year 92
At 31 July 2024 754
Net book value
At 31 July 2024 369
At 31 July 2023 461
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,473 4,187
Director's account 28,855 28,855
Other creditors 960 480
34,288 33,522
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,749 20,863
Amounts owed to group undertakings and undertakings in which the company has a participating interest 37,942 34,491
56,691 55,354
5 Other information
Great Tyres UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Faversham Road
Morden
United Kingdome
SM4 6RE
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