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REGISTERED NUMBER: 08817595 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

A J TYRES LTD

A J TYRES LTD (REGISTERED NUMBER: 08817595)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J TYRES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A S Breeze
Mrs J Breeze





REGISTERED OFFICE: 48 Victoria Road
Bentley
Doncaster
South Yorkshire
DN5 0HA





REGISTERED NUMBER: 08817595 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

A J TYRES LTD (REGISTERED NUMBER: 08817595)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,017 58,055

CURRENT ASSETS
Stocks 5 58,195 57,980
Debtors 6 60,802 80,566
Cash at bank 105,238 92,477
224,235 231,023
CREDITORS
Amounts falling due within one year 7 72,089 89,247
NET CURRENT ASSETS 152,146 141,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,163

199,831

PROVISIONS FOR LIABILITIES 8 10,341 10,661
NET ASSETS 189,822 189,170

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 189,821 189,169
SHAREHOLDERS' FUNDS 189,822 189,170

A J TYRES LTD (REGISTERED NUMBER: 08817595)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





A S Breeze - Director


A J TYRES LTD (REGISTERED NUMBER: 08817595)

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

1. STATUTORY INFORMATION

A J Tyres Ltd 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.
Short leasehold - 5% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on 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 Profit & Loss Account and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

A J TYRES LTD (REGISTERED NUMBER: 08817595)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 2,161 19,043 3,222
Additions - - -
At 31 March 2024 2,161 19,043 3,222
DEPRECIATION
At 1 April 2023 211 9,345 843
Charge for year 98 905 237
At 31 March 2024 309 10,250 1,080
NET BOOK VALUE
At 31 March 2024 1,852 8,793 2,142
At 31 March 2023 1,950 9,698 2,379

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 85,326 2,495 112,247
Additions - 141 141
At 31 March 2024 85,326 2,636 112,388
DEPRECIATION
At 1 April 2023 41,477 2,316 54,192
Charge for year 8,770 169 10,179
At 31 March 2024 50,247 2,485 64,371
NET BOOK VALUE
At 31 March 2024 35,079 151 48,017
At 31 March 2023 43,849 179 58,055

5. STOCKS
2024 2023
£    £   
Stocks 58,195 57,980

A J TYRES LTD (REGISTERED NUMBER: 08817595)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,876 76,775
Prepayments 3,926 3,791
60,802 80,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,392 47,816
Tax 20,190 12,905
Social security and other taxes 1,274 1,561
VAT 7,761 7,492
Other creditors 279 548
Directors' current accounts 2,663 16,152
Accrued expenses 3,530 2,773
72,089 89,247

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,341 10,661

Deferred
tax
£   
Balance at 1 April 2023 10,661
Provided during year (320 )
Balance at 31 March 2024 10,341

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

Mr A Breeze, director, together with other close family members, controls the company by virtue of holding 100% of the issued share capital.