Company registration number 14072956 (England and Wales)
BURNLEY ROAD TYRES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BURNLEY ROAD TYRES LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
BURNLEY ROAD TYRES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,806
Current assets
Debtors
(1)
(1)
Cash at bank and in hand
4,028
4,616
4,027
4,615
Creditors: amounts falling due within one year
(10,981)
(4,234)
Net current (liabilities)/assets
(6,954)
381
Net (liabilities)/assets
(5,148)
381
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
(5,248)
281
Total equity
(5,148)
381
For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 17 February 2025
L Griffiths
Director
Company registration number 14072956 (England and Wales)
BURNLEY ROAD TYRES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
100
8,938
9,038
Year ended 31 December 2023:
Profit and total comprehensive income
-
10,343
10,343
Dividends
-
(19,000)
(19,000)
Balance at 31 December 2023
100
281
381
Year ended 31 December 2024:
Profit and total comprehensive income
-
6,471
6,471
Dividends
-
(12,000)
(12,000)
Balance at 31 December 2024
100
(5,248)
(5,148)
Burnley Road Tyres Limited
BURNLEY ROAD TYRES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised on a cash basis for goods and services provided in the normal course of business.
Tangible fixed assets
Plant and equipment
Enter depreciation rate via StatDB - cd76
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
Burnley Road Tyres Limited
BURNLEY ROAD TYRES LIMITED
Notes to the Financial Statements (CONTINUED)
for the year ended 31 December 2024
- 4 -
3
Tangible fixed assets
Total
£
Cost
At 1 January 2024
Additions
1,897
At 31 December 2024
1,897
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
91
At 31 December 2024
91
Carrying amount
At 31 December 2024
1,806
At 31 December 2023
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100