LOWER AUDLEY TYRE CENTRE LIMITED

Company Registration Number:
03509827 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

LOWER AUDLEY TYRE CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LOWER AUDLEY TYRE CENTRE LIMITED

Company Information

for the Period Ended 30 June 2024




Director: LIAQAT FEROZE
Registered office: Lower Audley Tyre Centre Limited
Bennington Street
Blackburn
Lancashire
BB2 3HP
Company Registration Number: 03509827 (England and Wales)

LOWER AUDLEY TYRE CENTRE LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 65,167 81,458
Total fixed assets: 65,167 81,458
Current assets
Stocks: 27,637 62,356
Cash at bank and in hand: 124,451 94,206
Total current assets: 152,088 156,562
Creditors: amounts falling due within one year: 5 ( 15,847 ) ( 26,895 )
Net current assets (liabilities): 136,241 129,667
Total assets less current liabilities: 201,408 211,125
Provision for liabilities: ( 12,334 ) ( 14,180 )
Total net assets (liabilities): 189,074 196,945

The notes form part of these financial statements

LOWER AUDLEY TYRE CENTRE LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 188,974 196,845
Shareholders funds: 189,074 196,945

For the year ending 30 June 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.

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

This report was approved by the board of directors on 4 February 2025
And Signed On Behalf Of The Board By:

Name: LIAQAT FEROZE
Status: Director

The notes form part of these financial statements

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever the shorter.

    Plant and machinery - 20% on reducing balance

    A full years charge is made in the year of addition, but no charge is made in the year of disposal.

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 5

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 July 2023 392,828 392,828
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2024 392,828 392,828
Depreciation
At 01 July 2023 311,370 311,370
Charge for year 16,291 16,291
On disposals - -
Other adjustments - -
At 30 June 2024 327,661 327,661
Net book value
At 30 June 2024 65,167 65,167
At 30 June 2023 81,458 81,458

LOWER AUDLEY TYRE CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 6,404 17,013
Taxation and social security 6,270 6,807
Accruals and deferred income 1,987 1,889
Other creditors 1,186 1,186
Total 15,847 26,895