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REGISTERED NUMBER: 06608866 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Jewel Tyres and Autocare Limited

Jewel Tyres and Autocare Limited (Registered number: 06608866)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Jewel Tyres and Autocare Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: JM Donagher





REGISTERED OFFICE: Jewel Tyres
Greenbank Street
Preston
PR1 7PH





REGISTERED NUMBER: 06608866 (England and Wales)





ACCOUNTANTS: Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN

Jewel Tyres and Autocare Limited

Report of the Accountants to the Director of
Jewel Tyres and Autocare Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

This report is made to the Company's Board of Directors, as a body, in accordance with the
terms of our engagement. Our work has been undertaken so that we might compile the financial
statements that we have been engaged to compile, report to the Company's Board of Directors
that we have done so, and state those matters that we have agreed to state to them in this
report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company and the Company's Board of
Directors, as a body, for our work or for this report.

You have acknowledged on the balance sheet as at 30 June 2024 your duty to ensure that
the company has kept proper accounting records and to prepare financial statements that give a
true and fair view under the Companies Act 2006. You consider that the company is exempt
from the statutory requirement for an audit for the year.






Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN


14 January 2025

Jewel Tyres and Autocare Limited (Registered number: 06608866)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 216 -
216 -

CURRENT ASSETS
Stocks 500 500
Debtors 6 12,461 14,108
Cash at bank 883 823
13,844 15,431
CREDITORS
Amounts falling due within one year 7 4,798 4,871
NET CURRENT ASSETS 9,046 10,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,262

10,560

CREDITORS
Amounts falling due after more than one year 8 (3,794 ) (7,747 )

PROVISIONS FOR LIABILITIES (43 ) -
NET ASSETS 5,425 2,813

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,424 2,812
SHAREHOLDERS' FUNDS 5,425 2,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Jewel Tyres and Autocare Limited (Registered number: 06608866)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2025 and were signed by:





JM Donagher - Director


Jewel Tyres and Autocare Limited (Registered number: 06608866)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Jewel Tyres and Autocare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Jewel Tyres and Autocare Limited (Registered number: 06608866)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 25,000
AMORTISATION
At 1 July 2023
and 30 June 2024 25,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 19,213 6,300 25,513
Additions 270 - 270
At 30 June 2024 19,483 6,300 25,783
DEPRECIATION
At 1 July 2023 19,213 6,300 25,513
Charge for year 54 - 54
At 30 June 2024 19,267 6,300 25,567
NET BOOK VALUE
At 30 June 2024 216 - 216
At 30 June 2023 - - -

6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Other debtors 7,657 9,304

Jewel Tyres and Autocare Limited (Registered number: 06608866)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS - continued
30.6.24 30.6.23
£    £   
Amounts falling due after more than one year:
Other debtors 4,804 4,804

Aggregate amounts 12,461 14,108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,000 4,000
Taxation and social security 798 862
Other creditors - 9
4,798 4,871

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 3,794 7,747

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 2,104 -
Between one and five years - 5,292
2,104 5,292

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
JM Donagher
Balance outstanding at start of year 9,304 13,000
Amounts advanced 14,468 -
Amounts repaid (16,115 ) (3,696 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,657 9,304

Loans to the Director are shown on an aggregated basis.
Dividends paid to the Director £1,000 (£2,000).