2023-07-01 2024-06-30 false Capium Accounts Production 1.1 12676036 bus:AbridgedAccounts 2023-07-01 2024-06-30 12676036 bus:FRS102 2023-07-01 2024-06-30 12676036 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12676036 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12676036 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12676036 2023-07-01 2024-06-30 12676036 2024-06-30 12676036 bus:RegisteredOffice 2023-07-01 2024-06-30 12676036 core:WithinOneYear 2024-06-30 12676036 core:AfterOneYear 2024-06-30 12676036 bus:Director1 2023-07-01 2024-06-30 12676036 bus:Director1 2024-06-30 12676036 bus:Director1 2022-07-01 2023-06-30 12676036 2022-07-01 12676036 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 12676036 2022-07-01 2023-06-30 12676036 2023-06-30 12676036 core:WithinOneYear 2023-06-30 12676036 core:AfterOneYear 2023-06-30 12676036 bus:EntityAccountantsOrAuditors 2022-07-01 2023-06-30 12676036 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12676036 bus:OrdinaryShareClass1 2024-06-30 12676036 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12676036 bus:OrdinaryShareClass1 2023-06-30 12676036 core:PlantMachinery 2023-07-01 2024-06-30 12676036 core:PlantMachinery 2024-06-30 12676036 core:PlantMachinery 2023-06-30 12676036 core:MotorCars 2023-07-01 2024-06-30 12676036 core:MotorCars 2024-06-30 12676036 core:MotorCars 2023-06-30 12676036 core:FurnitureFittings 2023-07-01 2024-06-30 12676036 core:FurnitureFittings 2024-06-30 12676036 core:FurnitureFittings 2023-06-30 12676036 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-06-30 12676036 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 12676036 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 12676036 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 12676036 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 12676036 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 12676036 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 12676036 core:Non-currentFinancialInstruments 2024-06-30 12676036 core:Non-currentFinancialInstruments 2023-06-30 12676036 core:ShareCapital 2024-06-30 12676036 core:ShareCapital 2023-06-30 12676036 core:RetainedEarningsAccumulatedLosses 2024-06-30 12676036 core:RetainedEarningsAccumulatedLosses 2023-06-30 12676036 dpl:Item1 2023-07-01 12676036 dpl:Item1 2024-06-30 12676036 dpl:Item1 2022-07-01 12676036 dpl:Item1 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12676036
England and Wales

 

 

 

GRIP TYRE BICESTER LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 42,486    40,295 
42,486    40,295 
Current assets      
Stocks 23,600    12,000 
Debtors 3,171    3,129 
Cash at bank and in hand 21,573    18,056 
48,344    33,185 
Creditors: amount falling due within one year (60,025)   (36,917)
Net current assets (11,681)   (3,732)
 
Total assets less current liabilities 30,805    36,563 
Creditors: amount falling due after more than one year (3,032)   (629)
Net assets 27,773    35,934 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 27,673    35,834 
Shareholders' funds 27,773    35,934 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges 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 director on 26 September 2024 and were signed by:


-------------------------------
Abdul Sattar Nassery
Director
1
General Information
GRIP TYRE BICESTER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12676036, registration address GRIP TYRE BICESTER , Victoria Road , Bicester, OX26 6QD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Straight Line
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 year was 3 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 July 2023 28,710    6,650    29,895    65,255 
Additions   15,666      15,666 
Disposals      
At 30 June 2024 28,710    22,316    29,895    80,921 
Depreciation
At 01 July 2023 11,078    2,910    10,972    24,960 
Charge for year 2,645    4,851    5,979    13,475 
On disposals      
At 30 June 2024 13,723    7,761    16,951    38,435 
Net book values
Closing balance as at 30 June 2024 14,987    14,555    12,944    42,486 
Opening balance as at 01 July 2023 17,632    3,740    18,923    40,295 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2