1 June 2023 false No description of principal activity Taxfiler 2024.5 10751031business:PrivateLimitedCompanyLtd2023-06-012024-05-31 107510312023-05-31 107510312023-06-012024-05-31 10751031business:AuditExemptWithAccountantsReport2023-06-012024-05-31 10751031business:FilletedAccounts2023-06-012024-05-31 107510312024-05-31 10751031business:Director12023-06-012024-05-31 10751031business:Director22023-06-012024-05-31 10751031business:RegisteredOffice2023-06-012024-05-31 107510312023-05-31 10751031core:WithinOneYear2024-05-31 10751031core:WithinOneYear2023-05-31 10751031core:AfterOneYear2024-05-31 10751031core:AfterOneYear2023-05-31 10751031core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10751031core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10751031core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10751031core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10751031core:PreviouslyStatedAmount2024-05-31 10751031core:PreviouslyStatedAmount2023-05-31 10751031business:SmallEntities2023-06-012024-05-31 10751031countries:EnglandWales2023-06-012024-05-31 10751031core:PlantMachinery2023-06-012024-05-31 10751031core:PlantMachinery2023-05-31 10751031core:MotorVehicles2023-05-31 10751031core:MotorVehicles2023-06-012024-05-31 10751031core:PlantMachinery2024-05-31 10751031core:MotorVehicles2024-05-31 107510312022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10751031 (England and Wales)
TYRE2YOU LIMITED Unaudited accounts for the year ended 31 May 2024
TYRE2YOU LIMITED Company Information for the year ended 31 May 2024
Directors
James Fell Chloe Kendall
Company Number
10751031 (England and Wales)
Registered Office
UNIT 4 WELLSWAY WORKS WELLS ROAD RADSTOCK Avon BA3 3RZ UNITED KINGDOM
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Croydon CR2 6EA
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TYRE2YOU LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
91,448 
40,343 
Current assets
Inventories
86,525 
60,975 
Cash at bank and in hand
- 
12,853 
86,525 
73,828 
Creditors: amounts falling due within one year
(100,316)
(46,014)
Net current (liabilities)/assets
(13,791)
27,814 
Total assets less current liabilities
77,657 
68,157 
Creditors: amounts falling due after more than one year
(16,463)
(24,015)
Net assets
61,194 
44,142 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,094 
44,042 
Shareholders' funds
61,194 
44,142 
For the year ending 31 May 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 28 August 2024 and were signed on its behalf by
James Fell Director Company Registration No. 10751031
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TYRE2YOU LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
TYRE2YOU LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10751031. The registered office is UNIT 4 WELLSWAY WORKS, WELLS ROAD, RADSTOCK, Avon, BA3 3RZ, UNITED KINGDOM.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
18%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
19,575 
50,946 
70,521 
Additions
- 
69,776 
69,776 
At 31 May 2024
19,575 
120,722 
140,297 
Depreciation
At 1 June 2023
8,018 
22,160 
30,178 
Charge for the year
1,721 
16,950 
18,671 
At 31 May 2024
9,739 
39,110 
48,849 
Net book value
At 31 May 2024
9,836 
81,612 
91,448 
At 31 May 2023
11,557 
28,786 
40,343 
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TYRE2YOU LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,074 
- 
VAT
746 
4,611 
Taxes and social security
19,803 
7,203 
Loans from directors
64,501 
31,740 
Accruals
3,192 
2,460 
100,316 
46,014 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,463 
24,015 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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