GC TYRES AND ALIGNMENT LIMITED

Company Registration Number:
NI063958 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GC TYRES AND ALIGNMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GC TYRES AND ALIGNMENT LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 14,580 14,580
Tangible assets: 4 146,674 145,112
Total fixed assets: 161,254 159,692
Current assets
Stocks: 180,000 280,000
Debtors:   629,478 460,716
Cash at bank and in hand: 120,048 134,255
Total current assets: 929,526 874,971
Creditors: amounts falling due within one year:   (209,983) (237,832)
Net current assets (liabilities): 719,543 637,139
Total assets less current liabilities: 880,797 796,831
Creditors: amounts falling due after more than one year:   (40,168) (33,841)
Provision for liabilities: (45,000) (7,000)
Total net assets (liabilities): 795,629 755,990
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 795,627 755,988
Shareholders funds: 795,629 755,990

The notes form part of these financial statements

GC TYRES AND ALIGNMENT LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 October 2024
and signed on behalf of the board by:

Name: Gareth Carr
Status: Director

The notes form part of these financial statements

GC TYRES AND ALIGNMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

GC TYRES AND ALIGNMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

GC TYRES AND ALIGNMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 14,580
Additions 0
At 31 March 2024 14,580
Net book value
At 31 March 2024 14,580
At 31 March 2023 14,580

GC TYRES AND ALIGNMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 408,161
Additions 30,984
At 31 March 2024 439,145
Depreciation
At 01 April 2023 263,049
Charge for year 29,422
At 31 March 2024 292,471
Net book value
At 31 March 2024 146,674
At 31 March 2023 145,112