Company Registration No. 11316061 (England and Wales)
Sky Tyres Wholesales Ltd
Unaudited accounts
for the year ended 30 June 2024
Sky Tyres Wholesales Ltd
Unaudited accounts
Contents
Sky Tyres Wholesales Ltd
Company Information
for the year ended 30 June 2024
Directors
KAMALUDDEN, Jan
NAZARI, Yama
Company Number
11316061 (England and Wales)
Registered Office
Unit 27 Fairview Business Centre
Clayton Road
Hayes
UB3 1AN
England
Accountants
KPK Accountants LImited
79
College Road
Harrow
HA1 1BD
Sky Tyres Wholesales Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
17,818
6,282
Inventories
627,950
360,646
Cash at bank and in hand
96,118
37,155
Creditors: amounts falling due within one year
(33,257)
(9,318)
Net current assets
690,811
397,767
Total assets less current liabilities
708,629
404,049
Creditors: amounts falling due after more than one year
(525,617)
(279,334)
Net assets
183,012
124,715
Called up share capital
1,000
1,000
Profit and loss account
182,012
123,715
Shareholders' funds
183,012
124,715
For the year ending 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 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 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 13 September 2024 and were signed on its behalf by
KAMALUDDEN, Jan
Director
Company Registration No. 11316061
Sky Tyres Wholesales Ltd
Notes to the Accounts
for the year ended 30 June 2024
Sky Tyres Wholesales Ltd is a private company, limited by shares, registered in England and Wales, registration number 11316061. The registered office is Unit 27 Fairview Business Centre, Clayton Road, Hayes, UB3 1AN, England.
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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:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
5,800
4,668
1,330
11,798
Additions
15,447
-
-
15,447
At 30 June 2024
21,247
4,668
1,330
27,245
At 1 July 2023
3,318
1,385
813
5,516
Charge for the year
3,227
591
93
3,911
At 30 June 2024
6,545
1,976
906
9,427
At 30 June 2024
14,702
2,692
424
17,818
At 30 June 2023
2,482
3,283
517
6,282
Amounts falling due within one year
Sky Tyres Wholesales Ltd
Notes to the Accounts
for the year ended 30 June 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
-
Taxes and social security
15,917
9,318
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
517,079
249,500
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Average number of employees
During the year the average number of employees was 9 (2023: 5).