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Registered Number: 12754918
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 July 2024

for

MJ TYRES LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 59,349  74,186 
Current assets 50,251  115,934 
Creditors: amount falling due within one year (21,670) (30,964)
Net current assets/(liabilities) 28,581  84,970 
Total assets less current liabilities 87,930  159,156 
Creditors: amount falling due after more than one year (67,258) (90,347)
Net assets/(liabilities) 20,672  68,809 
 
Capital and reserves 20,672  68,809 
 
  1. For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Eva Johnson
Director

Date approved: 14 February 2025
1
Statutory Information
MJ TYRES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12754918, registration address 33 Pepys Way, Rochester, ME2 3LJ, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles20 Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Computer equipment   Total
  £   £   £
At 01 August 2023 101,222    1,331    102,553 
Additions    
At 31 July 2024 101,222    1,331    102,553 
Depreciation
At 01 August 2023 28,101    266    28,367 
Charge for year 14,624    213    14,837 
At 31 July 2024 42,725    479    43,204 
Net book values
Closing balance as at 31 July 2024 58,497    852    59,349 
Opening balance as at 01 August 2023 73,121    1,065    74,186 

3.

Average number of employees

Average number of employees during the year were 5  (2023: 5).
2