IRIS Accounts Production v24.3.0.553 07898498 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078984982023-03-31078984982024-03-31078984982023-04-012024-03-31078984982022-03-31078984982022-04-012023-03-31078984982023-03-3107898498ns15:EnglandWales2023-04-012024-03-3107898498ns14:PoundSterling2023-04-012024-03-3107898498ns10:Director12023-04-012024-03-3107898498ns10:Director22023-04-012024-03-3107898498ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107898498ns10:Micro-entities2023-04-012024-03-3107898498ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107898498ns10:FullAccounts2023-04-012024-03-3107898498ns5:CurrentFinancialInstruments2024-03-3107898498ns5:CurrentFinancialInstruments2023-03-3107898498ns10:RegisteredOffice2023-04-012024-03-31078984981ns10:Director12023-03-31078984981ns10:Director12022-03-31078984981ns10:Director12023-04-012024-03-31078984981ns10:Director12022-04-012023-03-31078984981ns10:Director12024-03-31078984981ns10:Director12023-03-31
REGISTERED NUMBER: 07898498 (England and Wales)










Grip Tyres Limited

Financial Statements for the Year Ended 31st March 2024






Grip Tyres Limited (Registered number: 07898498)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Balance Sheet 1


Grip Tyres Limited (Registered number: 07898498)

Balance Sheet
31st March 2024

2024 2023
£    £    £    £   
FIXED ASSETS 26,715 28,549

CURRENT ASSETS 121,695 131,405

CREDITORS
Amounts falling due within one year (74,474 ) (83,853 )
NET CURRENT ASSETS 47,221 47,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,936

76,101

CAPITAL AND RESERVES 73,936 76,101

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Grip Tyres Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07898498

Registered office: 38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN

2. AVERAGE NUMBER OF EMPLOYEES

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

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mrs L Bond
Balance outstanding at start of year 16 16
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16 16

The loan was provided free of interest.

4. OTHER FINANCIAL COMMITMENTS

The total rent commitment not included in the balance sheet is £11,000.



Grip Tyres Limited (Registered number: 07898498)

Balance Sheet - continued
31st March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18th October 2024 and were signed on its behalf by:




Mrs L Bond - Director



A T Timbrell - Director