2023-08-16 2024-08-31 false No description of principal activity Capium Accounts Production 1.1 15075203 bus:AbridgedAccounts 2023-08-16 2024-08-31 15075203 bus:FRS102 2023-08-16 2024-08-31 15075203 bus:AuditExemptWithAccountantsReport 2023-08-16 2024-08-31 15075203 bus:SmallCompaniesRegimeForAccounts 2023-08-16 2024-08-31 15075203 bus:PrivateLimitedCompanyLtd 2023-08-16 2024-08-31 15075203 2023-08-16 2024-08-31 15075203 2024-08-31 15075203 bus:RegisteredOffice 2023-08-16 2024-08-31 15075203 core:WithinOneYear 2024-08-31 15075203 core:AfterOneYear 2024-08-31 15075203 bus:Director1 2023-08-16 2024-08-31 15075203 bus:Director1 2024-08-31 15075203 2022-08-16 15075203 bus:LeadAgentIfApplicable 2023-08-16 2024-08-31 15075203 2023-08-15 15075203 core:PlantMachinery 2023-08-16 2024-08-31 15075203 core:PlantMachinery 2024-08-31 15075203 core:PlantMachinery 2023-08-15 15075203 core:ComputerEquipment 2023-08-16 2024-08-31 15075203 core:ComputerEquipment 2024-08-31 15075203 core:ComputerEquipment 2023-08-15 15075203 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 15075203 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-15 15075203 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 15075203 core:CostValuation core:Non-currentFinancialInstruments 2023-08-15 15075203 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 15075203 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 15075203 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 15075203 core:Non-currentFinancialInstruments 2024-08-31 15075203 core:Non-currentFinancialInstruments 2023-08-15 15075203 core:ShareCapital 2024-08-31 15075203 core:RetainedEarningsAccumulatedLosses 2024-08-31 15075203 dpl:Item1 2023-08-16 15075203 dpl:Item1 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 15075203
England and Wales

 

 

 


Abridged Accounts

for the period ended 31 August 2024

for

BRAD'S TYRES LTD

 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 12,086 
12,086 
Current assets    
Stocks 7,412 
Debtors 4,058 
Cash at bank and in hand 6,676 
18,146 
Creditors: amount falling due within one year (2,587)
Net current assets 15,559 
 
Total assets less current liabilities 27,645 
Creditors: amount falling due after more than one year (51,571)
Net assets (23,926)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (24,026)
Shareholders' funds (23,926)
 


For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 23 September 2024 and were signed on its behalf by:


-------------------------------
B G Lee
Director
1
General Information
Brad's Tyres Ltd is a private company, limited by shares, registered in England and Wales, registration number 15075203, registration address Suite 7 Beaufort House, Beaufort Court, Sir Thomas Longley Road, Rochester, Rochester, ME2 4FB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
The Director and his family continue to offer their long term support to the company. The loan will not be called upon within the next 12 months other than the repayments that have been agreed.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 16 August 2023    
Additions 11,510    4,604    16,114 
Disposals    
At 31 August 2024 11,510    4,604    16,114 
Depreciation
At 16 August 2023    
Charge for period 2,877    1,151    4,028 
On disposals    
At 31 August 2024 2,877    1,151    4,028 
Net book values
Closing balance as at 31 August 2024 8,633    3,453    12,086 
Opening balance as at 16 August 2023    


4.

Ultimate Controlling Party

The ultimate controlling party of the company rests with the director/ shareholder
2