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
Melton Mowbray Tyre Recycling Limited
Company Information
for the year ended 31 May 2024
Company Number
06876260 (England and Wales)
Registered Office
Parkdene
Wilton Road
Melton Mowbray
LE13 0UJ
Melton Mowbray Tyre Recycling Limited
Statement of financial position
as at 31 May 2024
Tangible assets
72,102
62,426
Cash at bank and in hand
161,036
200,527
Creditors: amounts falling due within one year
(76,875)
(114,274)
Net current assets
148,405
143,643
Net assets
220,507
206,069
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
Melton Mowbray Tyre Recycling Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2024
36,431
35,671
72,102
At 31 May 2023
30,039
32,387
62,426
Melton Mowbray Tyre Recycling Limited
Notes to the Accounts
for the year ended 31 May 2024
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
-
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Creditors: amounts falling due within one year
2024
2023
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
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Average number of employees
During the year the average number of employees was 7 (2023: 7).