1 April 2023 false No description of principal activity Taxfiler 2024.6 10657141business:PrivateLimitedCompanyLtd2023-04-012024-03-31 106571412023-03-31 106571412023-04-012024-03-31 10657141business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10657141business:FilletedAccounts2023-04-012024-03-31 106571412024-03-31 10657141business:Director12023-04-012024-03-31 10657141business:RegisteredOffice2023-04-012024-03-31 106571412023-03-31 10657141core:WithinOneYear2024-03-31 10657141core:WithinOneYear2023-03-31 10657141core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10657141core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10657141core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10657141core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10657141core:PreviouslyStatedAmount2024-03-31 10657141core:PreviouslyStatedAmount2023-03-31 10657141business:SmallEntities2023-04-012024-03-31 10657141countries:EnglandWales2023-04-012024-03-31 10657141core:PlantMachinery2023-04-012024-03-31 10657141core:PlantMachinery2023-03-31 10657141core:PlantMachinery2024-03-31 106571412022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10657141 (England and Wales)
IBRA AUTO & TYRES LTD Unaudited accounts for the year ended 31 March 2024
IBRA AUTO & TYRES LTD Unaudited accounts Contents
Page
- 2 -
IBRA AUTO & TYRES LTD Company Information for the year ended 31 March 2024
Director
Mr. Ibrahim Mohammud HUSSEIN
Company Number
10657141 (England and Wales)
Registered Office
UNIT 3, 2-6 BRITANNIA STREET LEICESTER LE1 3LE UNITED KINGDOM
Accountants
COUNTAX LTD Accountants & Business Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
- 3 -
IBRA AUTO & TYRES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,078 
1,315 
Current assets
Inventories
1,260 
1,225 
Cash at bank and in hand
2,540 
2,418 
3,800 
3,643 
Creditors: amounts falling due within one year
(7,571)
(8,235)
Net current liabilities
(3,771)
(4,592)
Net liabilities
(2,693)
(3,277)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,793)
(3,377)
Shareholders' funds
(2,693)
(3,277)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2024 and were signed on its behalf by
Mr. Ibrahim Mohammud HUSSEIN Director Company Registration No. 10657141
- 4 -
IBRA AUTO & TYRES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
IBRA AUTO & TYRES LTD is a private company, limited by shares, registered in England and Wales, registration number 10657141. The registered office is UNIT 3, 2-6 BRITANNIA STREET, LEICESTER, LE1 3LE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
4,325 
At 31 March 2024
4,325 
Depreciation
At 1 April 2023
3,010 
Charge for the year
237 
At 31 March 2024
3,247 
Net book value
At 31 March 2024
1,078 
At 31 March 2023
1,315 
- 5 -
IBRA AUTO & TYRES LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
7,571 
8,235 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -