John Wood Tyres (Hereford) Limited |
Registered Number:04870241 |
For the period ended 30 June 2024
England and Wales
Unaudited Financial Statements
John Wood Tyres (Hereford) Limited
Statement of Financial Position
2022
2024
Property, plant and equipment |
70,790
61,940
3
70,790
61,940
200,102
228,832
4
Trade and other receivables |
143,550
158,782
5
158,011
Cash and cash equivalents |
363,743
751,357
501,663
Trade and other payables: amounts falling due within one |
year |
(548,049)
(767,978)
6
(46,386)
(16,621)
Net current liabilities
Total assets less current liabilities |
54,169
15,554
(17,698)
(14,129)
Provisions for liabilities |
36,471
Net assets
1,425
10
10
36,461
1,415
36,471
1,425
Shareholders' funds
For the period ended 30 June 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 of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the |
end of each financial year and of its profit or loss for each financial year in accordance with the requirements |
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 |
relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the period ended 30 June 2024
John Wood Tyres (Hereford) Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 24 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the period ended 30 June 2024
John Wood Tyres (Hereford) Limited
Notes to the Financial Statements
Statutory Information
John Wood Tyres (Hereford) Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 04870241. |
Principal place of business: |
101 -107 St Owens Street
Hereford
HR1 2JW
Suite 22, Stirling House
Centenary Pk, Skylon Central
Hereford
HR2 6FJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has been amortised evenly over its estimated useful life. |
Property, plant and equipment
Property, plant and equipment, 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
Computer Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the period ended 30 June 2024
John Wood Tyres (Hereford) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
28,000
28,000
28,000
28,000
-
-
3. Property, plant and equipment |
Motor Vehicles
177,685
8,954
80,890
87,841
36,297
1,537
18,800
15,960
103,801
99,690
10,491
213,982
Provision for depreciation and impairment |
115,745
7,118
49,500
59,127
Charge for period
27,447
603
16,923
9,921
143,192
7,721
66,423
69,048
34,753
33,267
2,770
70,790
28,714
31,390
1,836
61,940
2022
2024
228,832
200,102
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For the period ended 30 June 2024
John Wood Tyres (Hereford) Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2024
133,601
122,572
25,181
20,978
143,550
158,782
6. Trade and other payables: amounts falling due within one year |
2022
2024
535,158
456,760
Taxation and social security |
143,237
61,193
89,583
30,096
767,978
548,049
7. Directors advances and guarantees |
Loaned
Repaid
GA Wood
Directors' Loan Account
27,453
(4,289)
(138,894)
170,636
27,453
(4,289)
(138,894)
170,636
LD Wood
Directors' Loan Account
19,147
(8,825)
(109,994)
137,966
19,147
(8,825)
(109,994)
137,966
8. Average number of persons employed |
During the year the average number of employees was 21 (2022 : 17)
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