1 January 2023 false No description of principal activity Taxfiler 2024.5 SC159112business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC1591122022-12-31 SC1591122023-01-012023-12-31 SC159112business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 SC159112business:AbridgedAccounts2023-01-012023-12-31 SC1591122023-12-31 SC159112business:Director12023-01-012023-12-31 SC159112business:Director22023-01-012023-12-31 SC159112business:RegisteredOffice2023-01-012023-12-31 SC1591122022-12-31 SC159112core:WithinOneYear2023-12-31 SC159112core:WithinOneYear2022-12-31 SC159112core:AfterOneYear2023-12-31 SC159112core:AfterOneYear2022-12-31 SC159112core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC159112core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC159112core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC159112core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC159112core:PreviouslyStatedAmount2023-12-31 SC159112core:PreviouslyStatedAmount2022-12-31 SC159112business:SmallEntities2023-01-012023-12-31 SC159112countries:Scotland2023-01-012023-12-31 SC159112core:LandBuildings2023-01-012023-12-31 SC159112core:PlantMachinery2023-01-012023-12-31 SC159112core:MotorVehicles2023-01-012023-12-31 SC159112core:FurnitureFittings2023-01-012023-12-31 SC1591122022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC159112 (Scotland)
Renfrewshire Tyre Services Limited Unaudited accounts for the year ended 31 December 2023
Renfrewshire Tyre Services Limited Unaudited accounts Contents
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Renfrewshire Tyre Services Limited Company Information for the year ended 31 December 2023
Directors
Anne Elizabeth Moohan Nicholas Christopher Moohan
Company Number
SC159112 (Scotland)
Registered Office
R T S Tyres 8 Maxwellton Street Paisley Renfrewshire PA1 2UA Scotland
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Renfrewshire Tyre Services Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
148,573 
166,660 
Current assets
Inventories
175,616 
162,616 
Debtors
180,236 
182,662 
Cash at bank and in hand
12,000 
9,143 
367,852 
354,421 
Creditors: amounts falling due within one year
(262,444)
(271,025)
Net current assets
105,408 
83,396 
Total assets less current liabilities
253,981 
250,056 
Creditors: amounts falling due after more than one year
(51,414)
(67,645)
Net assets
202,567 
182,411 
Capital and reserves
Called up share capital
110 
110 
Profit and loss account
202,457 
182,301 
Shareholders' funds
202,567 
182,411 
For the year ending 31 December 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 16 September 2024 and were signed on its behalf by
Nicholas Christopher Moohan Director Company Registration No. SC159112
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Renfrewshire Tyre Services Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Renfrewshire Tyre Services Limited is a private company, limited by shares, registered in Scotland, registration number SC159112. The registered office is R T S Tyres, 8 Maxwellton Street, Paisley, Renfrewshire, PA1 2UA, Scotland.
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:
Land & buildings
2% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
578,167 
Additions
4,396 
At 31 December 2023
582,563 
Depreciation
At 1 January 2023
411,507 
Charge for the year
22,483 
At 31 December 2023
433,990 
Net book value
At 31 December 2023
148,573 
At 31 December 2022
166,660 
5
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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