Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 02835022 Mr J Lea Mr W Harrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02835022 2023-02-28 02835022 2024-02-28 02835022 2023-03-01 2024-02-28 02835022 frs-core:CurrentFinancialInstruments 2024-02-28 02835022 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 02835022 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 02835022 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 02835022 frs-core:PlantMachinery 2024-02-28 02835022 frs-core:PlantMachinery 2023-03-01 2024-02-28 02835022 frs-core:PlantMachinery 2023-02-28 02835022 frs-core:CapitalRedemptionReserve 2024-02-28 02835022 frs-core:ShareCapital 2024-02-28 02835022 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 02835022 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 02835022 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 02835022 frs-bus:SmallEntities 2023-03-01 2024-02-28 02835022 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 02835022 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 02835022 frs-bus:Director1 2023-03-01 2024-02-28 02835022 frs-bus:Director2 2023-03-01 2024-02-28 02835022 frs-countries:EnglandWales 2023-03-01 2024-02-28 02835022 2022-02-28 02835022 2023-02-28 02835022 2022-03-01 2023-02-28 02835022 frs-core:CurrentFinancialInstruments 2023-02-28 02835022 frs-core:CapitalRedemptionReserve 2023-02-28 02835022 frs-core:ShareCapital 2023-02-28 02835022 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 02835022
Tanhouse Tyre And Exhaust Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02835022
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,401 19,046
12,401 19,046
CURRENT ASSETS
Stocks 9,641 6,032
Debtors 5 53,275 30,893
Cash at bank and in hand 154,863 103,531
217,779 140,456
Creditors: Amounts Falling Due Within One Year 6 (98,301 ) (70,286 )
NET CURRENT ASSETS (LIABILITIES) 119,478 70,170
TOTAL ASSETS LESS CURRENT LIABILITIES 131,879 89,216
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,000 ) (3,000 )
NET ASSETS 128,879 86,216
CAPITAL AND RESERVES
Called up share capital 14,000 14,000
Capital redemption reserve 6,000 6,000
Profit and Loss Account 108,879 66,216
SHAREHOLDERS' FUNDS 128,879 86,216
Page 1
Page 2
For the year ending 28 February 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
Mr J Lea
Director
30/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tanhouse Tyre And Exhaust Limited (registered number - 02835022 ) is a private company, limited by shares.
The company is incorporated in England & Wales. 
The registered office is Glebe Business Park, Lunts Heath Road, Widnes, Cheshire, WA8 5SQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and with the Companies Act 2006.
There were no material departures from the standard. The financial statements have been prepared on the historical cost basis. The financial statements are presented in Sterling (£)  
2.2. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being a period of not less than twelve months from the date of approval of these financial statements. 
The company therefore continues to adopt the going concern basis in preparing these financial statements
2.3. 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.
2.4. 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. The average rates are:
Leasehold 25%
Plant & Machinery 25%
 
Page 3
Page 4
2.5. 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
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
 
 
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
  
 
3. Average Number of Employees
During the year, the average number of people employed by the company was: 10 (2023: 10)
10 10
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 17,630 40,839 58,469
Additions - 3,522 3,522
As at 28 February 2024 17,630 44,361 61,991
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 March 2023 14,756 24,667 39,423
Provided during the period 2,874 7,293 10,167
As at 28 February 2024 17,630 31,960 49,590
Net Book Value
As at 28 February 2024 - 12,401 12,401
As at 1 March 2023 2,874 16,172 19,046
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,512 29,164
Other debtors 4,763 1,729
53,275 30,893
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,641 33,719
Corporation tax 18,600 11,000
Other taxes and social security 21,943 19,834
Other creditors 7,117 5,733
98,301 70,286
7. Pension Commitments
The company operates a defined contribution pension scheme. 
The assets of the scheme are held separately from those of the company in an independently administered fund. 
8. Operating leases
The company has commitments under non-cancellable operating leases.
The total of future minimum lease payments is £140,868 (2023 - £176,085)
Page 5