Company Registration No. 05706027 (England and Wales)
Caledonian Tyres Limited
Unaudited accounts
for the year ended 31 July 2023
Caledonian Tyres Limited
Unaudited accounts
Contents
Caledonian Tyres Limited
Company Information
for the year ended 31 July 2023
Directors
Nurez Kamani
Suleman Kamani
Robert Keay
Company Number
05706027 (England and Wales)
Caledonian Tyres Limited
Statement of financial position
as at 31 July 2023
Tangible assets
79,453
211,718
Inventories
69,782
131,307
Cash at bank and in hand
12,762
809
Creditors: amounts falling due within one year
(2,306,479)
(2,298,480)
Net current liabilities
(2,092,354)
(1,937,882)
Net liabilities
(2,012,901)
(1,726,164)
Called up share capital
100
100
Profit and loss account
(2,013,001)
(1,726,264)
Shareholders' funds
(2,012,901)
(1,726,164)
For the year ending 31 July 2023 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 30 October 2024 and were signed on its behalf by
Suleman Kamani
Director
Company Registration No. 05706027
Caledonian Tyres Limited
Notes to the Accounts
for the year ended 31 July 2023
Caledonian Tyres Limited is a private company, limited by shares, registered in England and Wales, registration number 05706027.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
553,676
185,740
4,043
743,459
Additions
11,742
-
1,667
13,409
Disposals
-
(134,055)
-
(134,055)
At 31 July 2023
565,418
51,685
5,710
622,813
At 1 August 2022
480,067
49,395
2,279
531,741
Charge for the year
39,761
23,080
1,234
64,075
On disposals
-
(52,456)
-
(52,456)
At 31 July 2023
519,828
20,019
3,513
543,360
At 31 July 2023
45,590
31,666
2,197
79,453
At 31 July 2022
73,609
136,345
1,764
211,718
Caledonian Tyres Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
31,308
184,927
Accrued income and prepayments
28,627
27,184
Other debtors
71,646
2,504
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
278,231
293,330
Taxes and social security
-
7,952
Other creditors
1,419,495
1,343,323
Loans from directors
567,277
616,156
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Average number of employees
During the year the average number of employees was 4 (2022: 4).