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REGISTERED NUMBER: 01898265 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

MERROW TYRE AND ALIGNMENT CENTRE LIMITED

MERROW TYRE AND ALIGNMENT CENTRE LIMITED (REGISTERED NUMBER: 01898265)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERROW TYRE AND ALIGNMENT CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: M Heffer





SECRETARY: Aruna Consultancy Limited





REGISTERED OFFICE: Unit 1 & 2 Farnham Business Centre
Dogflud Way
Farnham
Surrey
GU9 7UP





REGISTERED NUMBER: 01898265 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

MERROW TYRE AND ALIGNMENT CENTRE LIMITED (REGISTERED NUMBER: 01898265)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 133,216 113,983

CURRENT ASSETS
Stocks 28,472 29,541
Debtors 4 35,391 54,633
Cash at bank and in hand 209,177 163,529
273,040 247,703
CREDITORS
Amounts falling due within one year 5 121,139 112,375
NET CURRENT ASSETS 151,901 135,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,117

249,311

PROVISIONS FOR LIABILITIES 8,000 2,200
NET ASSETS 277,117 247,111

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 276,117 246,111
SHAREHOLDERS' FUNDS 277,117 247,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MERROW TYRE AND ALIGNMENT CENTRE LIMITED (REGISTERED NUMBER: 01898265)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 29 November 2024 and were signed by:





M Heffer - Director


MERROW TYRE AND ALIGNMENT CENTRE LIMITED (REGISTERED NUMBER: 01898265)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. 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.
Leasehold property - Straight line over 50 years
Plant and machinery - 25% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MERROW TYRE AND ALIGNMENT CENTRE LIMITED (REGISTERED NUMBER: 01898265)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. TANGIBLE FIXED ASSETS
Leasehold Plant and
property machinery Totals
£    £    £   
COST
At 1 August 2023 181,621 94,231 275,852
Additions - 28,030 28,030
At 31 July 2024 181,621 122,261 303,882
DEPRECIATION
At 1 August 2023 76,437 85,432 161,869
Charge for year 3,632 5,165 8,797
At 31 July 2024 80,069 90,597 170,666
NET BOOK VALUE
At 31 July 2024 101,552 31,664 133,216
At 31 July 2023 105,184 8,799 113,983

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 30,035 44,543
Other debtors 5,356 10,090
35,391 54,633

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 77,407 66,574
Taxation and social security 38,835 39,831
Other creditors 4,897 5,970
121,139 112,375