2023-03-01 08408566 2024-02-29 08408566 2023-03-01 2024-02-29 08408566 2023-02-28 08408566 2022-03-01 2023-02-28 08408566 uk-core:WithinOneYear 2023-02-28 08408566 uk-core:WithinOneYear 2024-02-29 08408566 uk-core:AfterOneYear 2023-02-28 08408566 uk-core:AfterOneYear 2024-02-29 08408566 uk-core:ShareCapital 2024-02-29 08408566 uk-core:ShareCapital 2023-02-28 08408566 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 08408566 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 08408566 uk-bus:Director1 2023-03-01 2024-02-29 08408566 uk-core:FurnitureFittings 2023-03-01 2024-02-29 08408566 uk-core:FurnitureFittings 2023-02-28 08408566 uk-core:LeaseholdImprovements 2023-02-28 08408566 uk-core:LeaseholdImprovements 2023-03-01 2024-02-29 08408566 uk-core:LeaseholdImprovements 2024-02-29 08408566 uk-core:FurnitureFittings 2024-02-29 08408566 uk-core:WithinOneYear uk-core:Secured 2024-02-29 08408566 uk-core:WithinOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 08408566 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08408566 uk-bus:FRS102 2023-03-01 2024-02-29 08408566 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 08408566 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Radcliffe Tyre Bay Limited
Registered Number:08408566
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Radcliffe Tyre Bay Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08408566
As at 29 February 2024
Radcliffe Tyre Bay Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
16,212
14,600
2
16,212
14,600
Current assets
Inventories
6,518
2,769
3
Trade and other receivables
2,564
2,507
4
7,830
Cash and cash equivalents
2,876
8,152
16,912
Trade and other payables: amounts falling due within one
year
(10,798)
(9,889)
5
6,114
(1,737)
Net current liabilities
Total assets less current liabilities
14,475
20,714
Trade and other payables: amounts falling due after more
than one year
(9,369)
(5,249)
6
(806)
(261)
Provisions for liabilities
8,420
Net assets
11,084
Capital and reserves
Called up share capital
100
100
Retained earnings
8,320
10,984
8,420
11,084
Shareholders' funds
For the year ended 29 February 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 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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 :
08408566
For the year ended 29 February 2024
Radcliffe Tyre Bay Limited
Statement of Financial Position Continued
Rameez Khan Director
These financial statements were approved and authorised for issue by the Board on 22 November 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 29 February 2024
Radcliffe Tyre Bay Limited
Notes to the Financial Statements
Statutory Information
Radcliffe Tyre Bay Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08408566.
Registered address:
Unit 7, Globe Industrial Estates
Darbyshire Street
Radcliffe
Manchester
M26 2TA
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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:
12.5 Straight line
Fixtures and equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 29 February 2024
Radcliffe Tyre Bay Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
equipment
Property
Improvements
£
£
£
Cost or
valuation
At 01 March 2023
29,272
23,032
6,240
4,120
4,120
-
Additions
At 29 February 2024
6,240
27,152
33,392
Provision for depreciation and impairment
At 01 March 2023
14,672
14,672
-
Charge for year
2,508
2,508
-
At 29 February 2024
17,180
17,180
-
At 29 February 2024
Net book value
6,240
9,972
16,212
At 28 February 2023
6,240
8,360
14,600
3. Inventories
2023
2024
£
£
Stocks
2,769
6,518
4. Trade and other receivables
2023
2024
£
£
Other debtors
2,507
2,564
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
4,000
3,859
Trade creditors
-
1,822
Taxation and social security
-
229
Other creditors
5,889
4,888
9,889
10,798
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7
For the year ended 29 February 2024
Radcliffe Tyre Bay Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
5,249
9,369
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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