Company Registration No. 07309086 (England and Wales)
P B Tyres (Golborne) Limited
Unaudited accounts
for the year ended 31 January 2024
P B Tyres (Golborne) Limited
Unaudited accounts
Contents
P B Tyres (Golborne) Limited
Company Information
for the year ended 31 January 2024
Directors
Paul Baker
Sam Baker
Company Number
07309086 (England and Wales)
Registered Office
99-101 Corporation Street
St. Helens
WA10 1SX
England
Accountants
MJ Houlihan & Co Accountants
99-101 Corporation Street
St Helens
WA10 1SX
P B Tyres (Golborne) Limited
Statement of financial position
as at 31 January 2024
Tangible assets
25,798
25,838
Cash at bank and in hand
88,466
109,046
Creditors: amounts falling due within one year
(185,914)
(174,151)
Net current (liabilities)/assets
(9,657)
18,295
Called up share capital
100
1
Profit and loss account
16,041
44,132
Shareholders' funds
16,141
44,133
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by
Paul Baker
Director
Company Registration No. 07309086
P B Tyres (Golborne) Limited
Notes to the Accounts
for the year ended 31 January 2024
P B Tyres (Golborne) Limited is a private company, limited by shares, registered in England and Wales, registration number 07309086. The registered office is 99-101 Corporation Street, St. Helens, WA10 1SX, England.
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% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
-
42,883
50,006
92,889
At 31 January 2024
5,961
42,883
50,006
98,850
At 1 February 2023
-
36,194
30,857
67,051
Charge for the year
1,192
1,338
3,471
6,001
At 31 January 2024
1,192
37,532
34,328
73,052
At 31 January 2024
4,769
5,351
15,678
25,798
At 31 January 2023
-
6,689
19,149
25,838
P B Tyres (Golborne) Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
61,533
52,687
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,079
10,502
Trade creditors
128,263
140,935
Taxes and social security
17,170
5,168
Proposed dividends
14,164
-
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).