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
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
Renfrewshire Tyre Services Limited
Statement of financial position
as at 31 December 2023
Tangible assets
148,573
166,660
Inventories
175,616
162,616
Cash at bank and in hand
12,000
9,143
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
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
Renfrewshire Tyre Services Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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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:
Land & buildings
2% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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Tangible fixed assets
Total
At 31 December 2023
582,563
Charge for the year
22,483
At 31 December 2023
433,990
At 31 December 2023
148,573
At 31 December 2022
166,660
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Average number of employees
During the year the average number of employees was 6 (2022: 6).