Company Registration No. 6629501 (England and Wales)
Norwood Tyres (UK) Ltd
Unaudited accounts
for the year ended 31 March 2024
Norwood Tyres (UK) Ltd
Unaudited accounts
Contents
Norwood Tyres (UK) Ltd
Company Information
for the year ended 31 March 2024
Director
Oladokun Akintonwa
Company Number
6629501 (England and Wales)
Registered Office
2 ELDER ROAD
WEST NORWOOD
LONDON
SE27 9NQ
Accountants
Candid Accountants Limited
43 High Street
Thornton Heath
SURREY
CR7 8RW
Norwood Tyres (UK) Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
16,967
16,967
Cash at bank and in hand
208
227
Creditors: amounts falling due within one year
(120,400)
(16,967)
Net current liabilities
(120,192)
(16,740)
Total assets less current liabilities
(103,225)
227
Creditors: amounts falling due after more than one year
(125,237)
(242,048)
Net liabilities
(228,462)
(241,821)
Called up share capital
100
100
Profit and loss account
(228,562)
(241,921)
Shareholders' funds
(228,462)
(241,821)
For the year ending 31 March 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 7 February 2025 and were signed on its behalf by
Oladokun Akintonwa
Director
Company Registration No. 6629501
Norwood Tyres (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Norwood Tyres (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 6629501. The registered office is 2 ELDER ROAD, WEST NORWOOD, LONDON, SE27 9NQ.
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:
Other tangible fixed assets
25%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
48,809
43,029
67,874
159,712
At 31 March 2024
48,809
43,029
67,874
159,712
At 1 April 2023
48,809
43,029
50,907
142,745
At 31 March 2024
48,809
43,029
50,907
142,745
At 31 March 2024
-
-
16,967
16,967
At 31 March 2023
-
-
16,967
16,967
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
120,400
16,967
Norwood Tyres (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
125,237
242,048
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).