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
JBS Tyres Limited
Company Information
for the year ended 31 March 2024
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
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
JBS Tyres Limited
Statement of financial position
as at 31 March 2024
Tangible assets
26,248
26,248
Cash at bank and in hand
3,087
1,631
Creditors: amounts falling due within one year
(134,907)
(101,612)
Net current liabilities
(131,120)
(99,281)
Net liabilities
(104,872)
(73,033)
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
JBS Tyres Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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
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
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
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
Loans from directors
107,292
33,371
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advance on Salary due to Covid-19
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).