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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
Page
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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
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Crocker Street Tyres and MOT Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
413,994 
400,650 
Current assets
Inventories
30,500 
30,838 
Debtors
5,356 
7,918 
Cash at bank and in hand
88,557 
72,766 
124,413 
111,522 
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 
Capital and reserves
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
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Crocker Street Tyres and MOT Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20
Motor vehicles
20
Fixtures & fittings
20
Computer equipment
20
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 
Depreciation
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 
Net book value
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 
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Crocker Street Tyres and MOT Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,524 
7,153 
Accrued income and prepayments
832 
765 
5,356 
7,918 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
38,281 
34,189 
VAT
(3,832)
1,324 
Trade creditors
80,541 
53,347 
Taxes and social security
33,220 
29,651 
Other creditors
1,311 
920 
Loans from directors
24 
- 
Accruals
1,243 
962 
150,788 
120,393 
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).
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