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Aylesford Tyre And Auto Centre Ltd
Registered Number:09559897
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Aylesford Tyre And Auto Centre Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09559897
As at 30 April 2024
Aylesford Tyre And Auto Centre Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
7,800
15,600
2
Property, plant and equipment
2,055
4,396
3
9,855
19,996
Current assets
Inventories
18,750
15,520
4
Trade and other receivables
24,340
22,647
5
62,302
Cash and cash equivalents
60,104
98,271
105,392
Trade and other payables: amounts falling due within one
year
(102,511)
(93,857)
6
2,881
4,414
Net current assets
Total assets less current liabilities
14,269
22,877
Trade and other payables: amounts falling due after more
than one year
(22,412)
(13,788)
7
481
Net assets
465
Capital and reserves
Called up share capital
2
2
Retained earnings
479
463
481
465
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
09559897
For the year ended 30 April 2024
Aylesford Tyre And Auto Centre Ltd
Statement of Financial Position Continued
C J Leech Director
These financial statements were approved and authorised for issue by the Board on 24 October 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Aylesford Tyre And Auto Centre Ltd
Notes to the Financial Statements
Statutory Information
Aylesford Tyre And Auto Centre Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09559897.
Registered address:
Unit E Cottage Industrial Estate
Forstal Road
Aylesford
Kent
ME20 7AD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax for services as a tyre, MOT and service centre
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
33.33% Straight line
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 30 April 2024
Aylesford Tyre And Auto Centre Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 May 2023
78,000
At 30 April 2024
78,000
Amortisation
At 01 May 2023
62,400
7,800
Charge for year
At 30 April 2024
70,200
Net book value
At 30 April 2024
7,800
At 30 April 2023
15,600
3. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 May 2023
38,151
2,948
35,203
At 30 April 2024
35,203
2,948
38,151
Provision for depreciation and impairment
At 01 May 2023
33,755
2,573
31,182
Charge for year
2,341
375
1,966
At 30 April 2024
36,096
2,948
33,148
At 30 April 2024
Net book value
2,055
-
2,055
At 30 April 2023
4,021
375
4,396
4. Inventories
2023
2024
£
£
Stocks
15,520
18,750
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7
For the year ended 30 April 2024
Aylesford Tyre And Auto Centre Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
8,136
8,472
Other debtors
14,511
15,868
24,340
22,647
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,165
9,937
Trade creditors
62,341
70,494
Taxation and social security
19,226
19,627
Other creditors
2,125
2,453
93,857
102,511
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
13,788
22,412
8. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/05/2023
At 30/04/2024
£
£
£
£
£
L Griffiths
Repayable on deman
(382)
5,467
36,113
30,397
133
(382)
5,467
36,113
30,397
133
9. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5)
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