2023-01-01 04870241 2024-06-30 04870241 2023-01-01 2024-06-30 04870241 2022-12-31 04870241 2022-01-01 2022-12-31 04870241 uk-core:WithinOneYear 2022-12-31 04870241 uk-core:WithinOneYear 2024-06-30 04870241 uk-core:ShareCapital 2024-06-30 04870241 uk-core:ShareCapital 2022-12-31 04870241 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 04870241 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04870241 uk-bus:Director1 2023-01-01 2024-06-30 04870241 uk-bus:Director2 2023-01-01 2024-06-30 04870241 uk-core:NetGoodwill 2023-01-01 2024-06-30 04870241 uk-core:PlantMachinery 2023-01-01 2024-06-30 04870241 uk-core:ComputerEquipment 2023-01-01 2024-06-30 04870241 uk-core:CommercialMotorVehicles 2023-01-01 2024-06-30 04870241 uk-core:Goodwill 2022-12-31 04870241 uk-core:Goodwill 2024-06-30 04870241 uk-core:ComputerEquipment 2022-12-31 04870241 uk-core:CommercialMotorVehicles 2022-12-31 04870241 uk-core:PlantMachinery 2022-12-31 04870241 uk-core:PlantMachinery 2024-06-30 04870241 uk-core:CommercialMotorVehicles 2024-06-30 04870241 uk-core:ComputerEquipment 2024-06-30 04870241 2 uk-bus:Director1 2023-01-01 2024-06-30 04870241 2 uk-bus:Director1 2024-06-30 04870241 2 uk-bus:Director1 2022-12-31 04870241 3 uk-bus:Director2 2023-01-01 2024-06-30 04870241 3 uk-bus:Director2 2024-06-30 04870241 3 uk-bus:Director2 2022-12-31 iso4217:GBP xbrli:pure 04870241 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2024-06-30 04870241 uk-bus:FRS102 2023-01-01 2024-06-30 04870241 uk-bus:FilletedAccounts 2023-01-01 2024-06-30 04870241 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30
John Wood Tyres (Hereford) Limited
Registered Number:04870241
For the period ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04870241
As at 30 June 2024
John Wood Tyres (Hereford) Limited
Statement of Financial Position
£
£
2022
2024
Notes
Fixed assets
Property, plant and equipment
70,790
61,940
3
70,790
61,940
Current assets
Inventories
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
Capital and reserves
Called up share capital
10
10
Retained earnings
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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Registered Number :
04870241
For the period ended 30 June 2024
John Wood Tyres (Hereford) Limited
Statement of Financial Position Continued
GA Wood Director
LD Wood Director
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
Registered address:
Suite 22, Stirling House
Centenary Pk, Skylon Central
Hereford
HR2 6FJ
The presentation currency is £ sterling.
1. Accounting policies
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
10% Straight line
10% Straight line
Computer Equipment
20% Straight line
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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5
For the period ended 30 June 2024
John Wood Tyres (Hereford) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
28,000
At 30 June 2024
28,000
Amortisation
At 01 January 2023
28,000
At 30 June 2024
28,000
Net book value
At 30 June 2024
-
At 31 December 2022
-
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 January 2023
177,685
8,954
80,890
87,841
36,297
1,537
18,800
15,960
Additions
At 30 June 2024
103,801
99,690
10,491
213,982
Provision for depreciation and impairment
At 01 January 2023
115,745
7,118
49,500
59,127
Charge for period
27,447
603
16,923
9,921
At 30 June 2024
143,192
7,721
66,423
69,048
At 30 June 2024
Net book value
34,753
33,267
2,770
70,790
At 31 December 2022
28,714
31,390
1,836
61,940
4. Inventories
2022
2024
£
£
Stocks
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
£
£
Trade debtors
133,601
122,572
Other debtors
25,181
20,978
143,550
158,782
6. Trade and other payables: amounts falling due within one year
2022
2024
£
£
Trade creditors
535,158
456,760
Taxation and social security
143,237
61,193
Other creditors
89,583
30,096
767,978
548,049
7. Directors advances and guarantees
At 01/01/2023
Loaned
Repaid
At 30/06/2024
£
£
£
£
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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