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Company Registration No. 06876260 (England and Wales)
Melton Mowbray Tyre Recycling Limited Unaudited accounts for the year ended 31 May 2024
Melton Mowbray Tyre Recycling Limited Unaudited accounts Contents
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Melton Mowbray Tyre Recycling Limited Company Information for the year ended 31 May 2024
Director
MJ Brown
Company Number
06876260 (England and Wales)
Registered Office
Parkdene Wilton Road Melton Mowbray LE13 0UJ
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Melton Mowbray Tyre Recycling Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,102 
62,426 
Current assets
Debtors
64,244 
57,390 
Cash at bank and in hand
161,036 
200,527 
225,280 
257,917 
Creditors: amounts falling due within one year
(76,875)
(114,274)
Net current assets
148,405 
143,643 
Net assets
220,507 
206,069 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
220,407 
205,969 
Shareholders' funds
220,507 
206,069 
For the year ending 31 May 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 13 November 2024 and were signed on its behalf by
MJ Brown Director Company Registration No. 06876260
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Melton Mowbray Tyre Recycling Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Melton Mowbray Tyre Recycling Limited is a private company, limited by shares, registered in England and Wales, registration number 06876260. The registered office is Parkdene, Wilton Road, Melton Mowbray, LE13 0UJ.
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.
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
20% of Net book value
Motor vehicles
20% of Net book value
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
171,847 
56,795 
228,642 
Additions
15,500 
19,995 
35,495 
Disposals
- 
(9,995)
(9,995)
At 31 May 2024
187,347 
66,795 
254,142 
Depreciation
At 1 June 2023
141,808 
24,408 
166,216 
Charge for the year
9,108 
11,890 
20,998 
On disposals
- 
(5,174)
(5,174)
At 31 May 2024
150,916 
31,124 
182,040 
Net book value
At 31 May 2024
36,431 
35,671 
72,102 
At 31 May 2023
30,039 
32,387 
62,426 
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Melton Mowbray Tyre Recycling Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,196 
57,390 
Amounts due from group undertakings etc.
26,052 
- 
Accrued income and prepayments
7,969 
- 
Other debtors
27 
- 
64,244 
57,390 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,818 
5,600 
Trade creditors
4,534 
3,947 
Taxes and social security
13,126 
16,834 
Other creditors
353 
46,970 
Loans from directors
41,777 
37,323 
Accruals
3,267 
3,600 
76,875 
114,274 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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