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Company Registration No. 07476197 (England and Wales)
PORTSWOOD TYRES LTD Unaudited accounts for the year ended 31 December 2023
PORTSWOOD TYRES LTD Annual report and abridged unaudited accounts for the year ended 31 December 2023
CONTENTS
PAGE
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PORTSWOOD TYRES LTD Company Information for the year ended 31 December 2023
Directors
Byron GHARIBIAN Byron GHARIBIAN
Secretary
Byron GHARIBIAN
Company Number
07476197 (England and Wales)
Registered Office
482 Portswood Road Portswood SOUTHAMPTON HAMPSHIRE SO17 3SP United Kingdom
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PORTSWOOD TYRES LTD for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PORTSWOOD TYRES LTD for the year ended 31 December 2023 as set out on pages 5 - 5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of PORTSWOOD TYRES LTD, as a body, in accordance with the terms of our engagement letter dated 30 April 2018. Our work has been undertaken solely to prepare for your approval the accounts of PORTSWOOD TYRES LTD and state those matters that we have agreed to state to the Board of Directors of PORTSWOOD TYRES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PORTSWOOD TYRES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PORTSWOOD TYRES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PORTSWOOD TYRES LTD. You consider that PORTSWOOD TYRES LTD 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 PORTSWOOD TYRES LTD. 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.
Chartered Certified Accountants 27 August 2024
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PORTSWOOD TYRES LTD Statement of Financial Position as at 31 December 2023
2023 
2022 
£ 
£ 
Fixed assets
536 
536 
Current assets
124,384 
119,295 
Creditors: amounts falling due within one year
(43,502)
(49,457)
Net current assets
80,882 
69,838 
Total assets less current liabilities
81,418 
70,374 
Creditors: amounts falling due after more than one year
(12,727)
(24,263)
Accruals and deferred income
(155)
(385)
Net assets
68,536 
45,726 
Capital and reserves
68,536 
45,726 
NOTES TO THE ACCOUNTS
1 Statutory information
PORTSWOOD TYRES LTD is a private company, limited by shares, registered in England and Wales, registration number 07476197. The registered office is 482 Portswood Road, Portswood, SOUTHAMPTON, HAMPSHIRE, SO17 3SP, United Kingdom.
2 Average number of employees
During the year the average number of employees was 5 (2022: 4).
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.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 27 August 2024
Byron GHARIBIAN Director Company Registration No. 07476197
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