Company registration number 11143849 (England and Wales)
GET A GRIP TYRE & MECHANICAL SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
GET A GRIP TYRE & MECHANICAL SERVICES LIMITED
CONTENTS
Page
GET A GRIP TYRE & MECHANICAL SERVICES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
Notes
£
£
Current assets
Cash at bank and in hand
436
Creditors: amounts falling due within one year
2
(94,293)
Net current liabilities
(93,857)
Creditors: amounts falling due after more than one year
3
(27,500)
Net liabilities
(121,357)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(121,457)
Total equity
(121,357)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 October 2024 and are signed on its behalf by:
J Sullivan
Director
Company registration number 11143849 (England and Wales)
GET A GRIP TYRE & MECHANICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Get A Grip Tyre & Mechanical Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Big Wheatyard, Unit 12 High Road, High Cross, Ware, SG11 1BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Creditors: amounts falling due within one year
2024
£
Trade creditors
1,777
Other creditors
92,516
94,293
3
Creditors: amounts falling due after more than one year
2024
£
Other creditors
27,500
2024-01-312023-02-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityJ SullivanR Sullivanfalsefalse2The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.111438492023-02-012024-01-31111438492024-01-3111143849core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3111143849core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-3111143849core:CurrentFinancialInstruments2024-01-3111143849core:ShareCapital2024-01-3111143849core:RetainedEarningsAccumulatedLosses2024-01-3111143849bus:Director12023-02-012024-01-3111143849core:Non-currentFinancialInstruments2024-01-3111143849bus:PrivateLimitedCompanyLtd2023-02-012024-01-3111143849bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111143849bus:FRS1022023-02-012024-01-3111143849bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3111143849bus:Director22023-02-012024-01-3111143849bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP