Registered number: 3367304 | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
Prepared By: | ||||||||
Nicholas Ridge CTA | ||||||||
Oakleaf | ||||||||
Ludwells Lane | ||||||||
Waltham Chase | ||||||||
Hampshire | ||||||||
SO32 2NP |
N-Tire Systems Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 3367304 | ||||||||
ACCOUNTANTS | ||||||||
Nicholas Ridge CTA | ||||||||
Oakleaf | ||||||||
Ludwells Lane | ||||||||
Waltham Chase | ||||||||
Hampshire | ||||||||
SO32 2NP |
N-Tire Systems Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MAY 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
N-Tire Systems Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
3,103 | 8,924 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (10,697) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | (20,462) | (8,908) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
N-Tire Systems Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 June 2023 | 41,516 | 41,516 | ||
At 31 May 2024 | 41,516 | 41,516 | ||
Depreciation | ||||
At 1 June 2023 | 39,725 | 39,725 | ||
For the year | 448 | 448 | ||
At 31 May 2024 | 40,173 | 40,173 | ||
Net Book Amounts | ||||
At 31 May 2024 | 1,343 | |||
At 31 May 2023 | 1,791 | |||
N-Tire Systems Ltd | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 3,108 | ||||||
UK corporation tax | 1,071 | - | ||||||
VAT | 79 | - | ||||||
1,150 | 3,108 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | - | 1,444 | ||||||
VAT | - | 840 | ||||||
PAYE control | - | 194 | ||||||
Directors current account | 20,596 | 8,967 | ||||||
Bank loans and overdrafts | - | 1,451 | ||||||
Loans | 3,810 | 5,633 | ||||||
Trade creditors | - | 132 | ||||||
Accruals | 500 | 960 | ||||||
24,906 | 19,621 | |||||||
6. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
7. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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