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Company Registration No. 7995846 (England and Wales)
JBS Tyres Limited Unaudited accounts for the year ended 31 March 2024
JBS Tyres Limited Unaudited accounts Contents
Page
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JBS Tyres Limited Company Information for the year ended 31 March 2024
Director
Justin Brown
Secretary
Justin Brown
Company Number
7995846 (England and Wales)
Registered Office
Unit 30 2 Cromar Way Chelmsford Essex CM1 2QE
Accountants
Finer Accountancy Ltd 36 Brook Lane Galleywood Chelmsford Essex CM2 8NL
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JBS Tyres Limited Accountants' report
Accountants' report to the director of JBS Tyres Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JBS Tyres Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JBS Tyres Limited, as a body, in accordance with the terms of our engagement letter dated 5 June 2015. Our work has been undertaken solely to prepare for your approval the accounts of JBS Tyres Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JBS Tyres Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JBS Tyres Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of JBS Tyres Limited. You consider that JBS Tyres Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JBS Tyres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Finer Accountancy Ltd 36 Brook Lane Galleywood Chelmsford Essex CM2 8NL 5 August 2024
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JBS Tyres Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,248 
26,248 
Current assets
Inventories
700 
700 
Cash at bank and in hand
3,087 
1,631 
3,787 
2,331 
Creditors: amounts falling due within one year
(134,907)
(101,612)
Net current liabilities
(131,120)
(99,281)
Net liabilities
(104,872)
(73,033)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(104,873)
(73,034)
Shareholders' funds
(104,872)
(73,033)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 23 August 2024 and were signed on its behalf by
Justin Brown Director Company Registration No. 7995846
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JBS Tyres Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
JBS Tyres Limited is a private company, limited by shares, registered in England and Wales, registration number 7995846. The registered office is Unit 30, 2 Cromar Way, Chelmsford, Essex, CM1 2QE.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing
Motor vehicles
25% Reducing
Fixtures & fittings
15% Reducing
Computer equipment
15% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
10,331 
52,559 
600 
7,728 
71,218 
At 31 March 2024
10,331 
52,559 
600 
7,728 
71,218 
Depreciation
At 1 April 2023
8,188 
35,138 
485 
1,159 
44,970 
At 31 March 2024
8,188 
35,138 
485 
1,159 
44,970 
Net book value
At 31 March 2024
2,143 
17,421 
115 
6,569 
26,248 
At 31 March 2023
2,143 
17,421 
115 
6,569 
26,248 
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JBS Tyres Limited Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
27,078 
73,140 
VAT
537 
(4,899)
Loans from directors
107,292 
33,371 
134,907 
101,612 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Justin Brown
Advance on Salary due to Covid-19
5,707 
- 
- 
5,707 
5,707 
- 
- 
5,707 
Loan has been repaid to under the beneficial loan threshold. The balance will be cleared within the next 9 months
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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