Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10513191 Mr David Hawkeswood Ms Lisa Hawkeswood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10513191 2023-03-31 10513191 2024-03-31 10513191 2023-04-01 2024-03-31 10513191 frs-core:CurrentFinancialInstruments 2024-03-31 10513191 frs-core:Non-currentFinancialInstruments 2024-03-31 10513191 frs-core:PlantMachinery 2024-03-31 10513191 frs-core:PlantMachinery 2023-04-01 2024-03-31 10513191 frs-core:PlantMachinery 2023-03-31 10513191 frs-core:ShareCapital 2024-03-31 10513191 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10513191 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10513191 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10513191 frs-bus:SmallEntities 2023-04-01 2024-03-31 10513191 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10513191 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10513191 frs-bus:Director1 2023-04-01 2024-03-31 10513191 frs-bus:Director2 2023-04-01 2024-03-31 10513191 frs-countries:EnglandWales 2023-04-01 2024-03-31 10513191 2022-03-31 10513191 2023-03-31 10513191 2022-04-01 2023-03-31 10513191 frs-core:CurrentFinancialInstruments 2023-03-31 10513191 frs-core:Non-currentFinancialInstruments 2023-03-31 10513191 frs-core:ShareCapital 2023-03-31 10513191 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10513191
Centre Tyres (Takeley) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
C&H Associates T/AS Mobile Accountants
Chartered Management Accountants & Tax Practitioners
206 Turners Hill
Cheshunt
Waltham Cross
Hertfordshire
EN8 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10513191
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,183 9,430
9,183 9,430
CURRENT ASSETS
Stocks 5 8,517 9,564
Debtors 6 232 848
Cash at bank and in hand 39,644 49,039
48,393 59,451
Creditors: Amounts Falling Due Within One Year 7 (31,732 ) (48,090 )
NET CURRENT ASSETS (LIABILITIES) 16,661 11,361
TOTAL ASSETS LESS CURRENT LIABILITIES 25,844 20,791
Creditors: Amounts Falling Due After More Than One Year 8 (24,276 ) (34,167 )
NET ASSETS/(LIABILITIES) 1,568 (13,376 )
CAPITAL AND RESERVES
Called up share capital 9 35,100 35,100
Profit and Loss Account (33,532 ) (48,476 )
SHAREHOLDERS' FUNDS 1,568 (13,376)
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lisa Hawkeswood
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Centre Tyres (Takeley) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10513191 . The registered office is 206 Turners Hill, cheshunt, Hertfordshire, EN8 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 21,662
Additions 1,894
As at 31 March 2024 23,556
Depreciation
As at 1 April 2023 12,232
Provided during the period 2,141
As at 31 March 2024 14,373
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 9,183
As at 1 April 2023 9,430
5. Stocks
2024 2023
£ £
Stock 8,517 9,564
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 232 848
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,642 17,401
Other taxes and social security 3,176 3,176
VAT 2,320 2,373
Other creditors - 15,000
Accruals and deferred income 9,513 10,073
Directors' loan accounts 2,081 67
31,732 48,090
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,276 34,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 35,100 35,100
Page 4