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Company Registration No. SC503215 (Scotland)
G&S Auto Tyres Limited Unaudited accounts for the year ended 30 April 2024
G&S Auto Tyres Limited Unaudited accounts Contents
Page
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G&S Auto Tyres Limited Company Information for the year ended 30 April 2024
Director
Sebastian Bednarek
Company Number
SC503215 (Scotland)
Registered Office
78 ROSEBANK STREET DUNDEE DD3 6PG SCOTLAND
Accountants
EC Finance Dundee 1 Harrison Road Dundee Angus DD2 3SN
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G&S Auto Tyres Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,611 
16,573 
Current assets
Debtors
5,152 
5,078 
Cash at bank and in hand
8,218 
1,751 
13,370 
6,829 
Creditors: amounts falling due within one year
(36,523)
(32,954)
Net current liabilities
(23,153)
(26,125)
Total assets less current liabilities
(8,542)
(9,552)
Creditors: amounts falling due after more than one year
(15,523)
(22,846)
Net liabilities
(24,065)
(32,398)
Capital and reserves
Called up share capital
500 
500 
Capital redemption reserve
(2,119)
(2,119)
Profit and loss account
(22,446)
(30,779)
Shareholders' funds
(24,065)
(32,398)
For the year ending 30 April 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 20 January 2025 and were signed on its behalf by
Sebastian Bednarek Director Company Registration No. SC503215
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G&S Auto Tyres Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
G&S Auto Tyres Limited is a private company, limited by shares, registered in Scotland, registration number SC503215. The registered office is 78 ROSEBANK STREET, DUNDEE, DD3 6PG, SCOTLAND.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
38,173 
Additions
1,691 
At 30 April 2024
39,864 
Depreciation
At 1 May 2023
21,600 
Charge for the year
3,653 
At 30 April 2024
25,253 
Net book value
At 30 April 2024
14,611 
At 30 April 2023
16,573 
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G&S Auto Tyres Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,152 
5,078 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
13,653 
10,617 
Taxes and social security
6,718 
5,344 
Other creditors
1,500 
1,216 
Loans from directors
14,652 
15,777 
36,523 
32,954 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,897 
22,846 
Taxes and social security
(374)
- 
15,523 
22,846 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £500 each
500 
500 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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