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REGISTERED NUMBER: 07062577 (England and Wales)













Unaudited Financial Statements

for the Period 1 April 2023 to 31 January 2024

for

Darlington Tyre & Auto Centre Limited

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Darlington Tyre & Auto Centre Limited

Company Information
for the Period 1 April 2023 to 31 January 2024







DIRECTORS: D R Alexander
S P R Alexander





REGISTERED OFFICE: Chapel Street Garage
Chapel Street
Thornaby
Stockton-On-Tees
TS17 6BB





REGISTERED NUMBER: 07062577 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,480,808 1,486,407

CURRENT ASSETS
Stocks 5 14,426 12,727
Debtors 6 78,729 64,897
Cash at bank and in hand 510,570 239,725
603,725 317,349
CREDITORS
Amounts falling due within one year 7 377,594 315,051
NET CURRENT ASSETS 226,131 2,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,706,939

1,488,705

PROVISIONS FOR LIABILITIES 9 22,879 22,384
NET ASSETS 1,684,060 1,466,321

CAPITAL AND RESERVES
Called up share capital 10 231 231
Retained earnings 1,683,829 1,466,090
SHAREHOLDERS' FUNDS 1,684,060 1,466,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Balance Sheet - continued
31 January 2024


The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





D R Alexander - Director


Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 January 2024

1. STATUTORY INFORMATION

Darlington Tyre & Auto Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue from the provision of services is recognised once the service is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% - 33% on reducing balance
Fixtures and fittings - 15% on reducing balance

Freehold property is not depreciated as the residual value of the properties is at least equal to the cost.

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 1,429,432 180,028 36,789 1,646,249
Additions - 2,957 - 2,957
At 31 January 2024 1,429,432 182,985 36,789 1,649,206
DEPRECIATION
At 1 April 2023 - 131,749 28,093 159,842
Charge for period - 7,469 1,087 8,556
At 31 January 2024 - 139,218 29,180 168,398
NET BOOK VALUE
At 31 January 2024 1,429,432 43,767 7,609 1,480,808
At 31 March 2023 1,429,432 48,279 8,696 1,486,407

5. STOCKS
2024 2023
£    £   
Stocks 14,426 12,727

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 January 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 54,721 45,327
Other debtors 6,000 6,000
Prepayments and accrued income 18,008 7,196
78,729 58,523

Amounts falling due after more than one year:
Directors' loan accounts - 6,374

Aggregate amounts 78,729 64,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 129,309 135,508
Amounts owed to group undertakings 60,000 -
Taxation and social security 136,078 117,517
Other creditors 42,888 44,099
Accruals and deferred income 9,319 17,927
377,594 315,051

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,603 15,695
Between one and five years 10,810 15,457
16,413 31,152

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 22,879 22,384

Deferred
tax
£   
Balance at 1 April 2023 22,384
Accelerated capital allowances 495
Balance at 31 January 2024 22,879

Darlington Tyre & Auto Centre Limited (Registered number: 07062577)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 January 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200
20 A Ordinary £1 20 20
11 B ordinary £1 11 11
231 231

11. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2024 2023
£ £
Amounts due to/(from) director - (6,374 )
No interest has been charged.

12. PARENT COMPANY

In July 2023 the company became a wholly owned subsidiary of SAAM (North East) Limited. The registered office for that company being Chapel Street Garage, Chapel Street, Thornaby, Stockton On Tees, Cleveland, TS17 6BB.