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REGISTERED NUMBER: 06292620 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FLEETLINE TYRE SERVICES LIMITED

FLEETLINE TYRE SERVICES LIMITED (REGISTERED NUMBER: 06292620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEETLINE TYRE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S A Carr
Mrs C Carr
Miss H I Carr
J J Carr





REGISTERED OFFICE: Unit 1
Pearsall Drive
Oldbury
West Midlands
B69 2RA





REGISTERED NUMBER: 06292620 (England and Wales)





ACCOUNTANTS: Windsors Rybridge Ltd
No 9, Castle Court 2
Castlegate Way
Dudley
West Midlands
DY1 4RH

FLEETLINE TYRE SERVICES LIMITED (REGISTERED NUMBER: 06292620)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,349 150,387
Investments 5 50,780 50,780
258,129 201,167

CURRENT ASSETS
Stocks 6 212,978 205,299
Debtors 7 863,219 830,318
Cash at bank and in hand 58,921 134,115
1,135,118 1,169,732
CREDITORS
Amounts falling due within one year 8 834,511 834,015
NET CURRENT ASSETS 300,607 335,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,736

536,884

CREDITORS
Amounts falling due after more than one
year

9

(49,447

)

(29,949

)

PROVISIONS FOR LIABILITIES (51,837 ) (37,596 )
NET ASSETS 457,452 469,339

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 457,447 469,334
SHAREHOLDERS' FUNDS 457,452 469,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

FLEETLINE TYRE SERVICES LIMITED (REGISTERED NUMBER: 06292620)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





S A Carr - Director


FLEETLINE TYRE SERVICES LIMITED (REGISTERED NUMBER: 06292620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Fleetline Tyre Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 50% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FLEETLINE TYRE SERVICES LIMITED (REGISTERED NUMBER: 06292620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 79,830 15,588 269,845 365,263
Additions - 3,627 126,786 130,413
Disposals - - (23,163 ) (23,163 )
At 31 August 2024 79,830 19,215 373,468 472,513
DEPRECIATION
At 1 September 2023 64,265 14,930 135,681 214,876
Charge for year 2,335 2,143 64,583 69,061
Eliminated on disposal - - (18,773 ) (18,773 )
At 31 August 2024 66,600 17,073 181,491 265,164
NET BOOK VALUE
At 31 August 2024 13,230 2,142 191,977 207,349
At 31 August 2023 15,565 658 134,164 150,387

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 88,480
Additions 126,786
At 31 August 2024 215,266
DEPRECIATION
At 1 September 2023 26,202
Charge for year 47,266
At 31 August 2024 73,468
NET BOOK VALUE
At 31 August 2024 141,798
At 31 August 2023 62,278

FLEETLINE TYRE SERVICES LIMITED (REGISTERED NUMBER: 06292620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 50,780
NET BOOK VALUE
At 31 August 2024 50,780
At 31 August 2023 50,780

6. STOCKS
31/8/24 31/8/23
£    £   
Stocks 212,978 205,299

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 835,172 808,769
Other debtors 28,047 21,549
863,219 830,318

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 9,808 15,062
Hire purchase contracts 81,108 42,090
Trade creditors 596,938 612,980
Amounts owed to group undertakings 46,784 49,284
Taxation and social security 99,576 114,302
Other creditors 297 297
834,511 834,015

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 7,692 17,500
Hire purchase contracts 41,755 12,449
49,447 29,949