Company Registration No. 08852600 (England and Wales)
Crocker Street Tyres and MOT Limited
Unaudited accounts
for the year ended 31 January 2024
Crocker Street Tyres and MOT Limited
Unaudited accounts
Contents
Crocker Street Tyres and MOT Limited
Company Information
for the year ended 31 January 2024
Directors
Marcus Peacey
Liane Peacey
Company Number
08852600 (England and Wales)
Registered Office
20-22 Crocker Street
Newport
Isle of Wight
PO30 1DA
Accountants
Craig Skeggs Accountancy Services
5 Worcester Road
Newport
Isle of Wight
PO30 5SE
Crocker Street Tyres and MOT Limited
Statement of financial position
as at 31 January 2024
Tangible assets
413,994
400,650
Cash at bank and in hand
88,557
72,766
Creditors: amounts falling due within one year
(150,788)
(120,393)
Net current liabilities
(26,375)
(8,871)
Total assets less current liabilities
387,619
391,779
Creditors: amounts falling due after more than one year
(162,098)
(185,019)
Net assets
225,521
206,760
Called up share capital
2
2
Profit and loss account
225,519
206,758
Shareholders' funds
225,521
206,760
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Marcus Peacey
Director
Company Registration No. 08852600
Crocker Street Tyres and MOT Limited
Notes to the Accounts
for the year ended 31 January 2024
Crocker Street Tyres and MOT Limited is a private company, limited by shares, registered in England and Wales, registration number 08852600. The registered office is 20-22 Crocker Street, Newport, Isle of Wight, PO30 1DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2023
325,000
67,602
76,988
11,699
3,127
484,416
Additions
-
-
35,593
-
-
35,593
At 31 January 2024
325,000
67,602
112,581
11,699
3,127
520,009
At 1 February 2023
-
40,022
33,760
7,865
2,119
83,766
Charge for the year
-
5,516
15,764
767
202
22,249
At 31 January 2024
-
45,538
49,524
8,632
2,321
106,015
At 31 January 2024
325,000
22,064
63,057
3,067
806
413,994
At 31 January 2023
325,000
27,580
43,228
3,834
1,008
400,650
Crocker Street Tyres and MOT Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
832
765
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
38,281
34,189
Trade creditors
80,541
53,347
Taxes and social security
33,220
29,651
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
162,098
185,019
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).