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REGISTERED NUMBER: 02719216 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Tyreman Limited

Tyreman Limited (Registered number: 02719216)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Tyreman Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs S J Channa
J Channa
R Talbot
Miss M J Channa
Miss R J Channa





REGISTERED OFFICE: 5-9 Cherry Street
Warwick
Warwickshire
CV34 4LR





REGISTERED NUMBER: 02719216 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Tyreman Limited (Registered number: 02719216)

Abridged Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,448 29,134

CURRENT ASSETS
Stocks 3,475 3,625
Debtors 354,887 102,743
Cash at bank and in hand 11,488 62,834
369,850 169,202
CREDITORS
Amounts falling due within one year 102,561 68,386
NET CURRENT ASSETS 267,289 100,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,737

129,950

PROVISIONS FOR LIABILITIES 8,754 5,368
NET ASSETS 294,983 124,582

CAPITAL AND RESERVES
Called up share capital 5 6 6
Retained earnings 294,977 124,576
SHAREHOLDERS' FUNDS 294,983 124,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tyreman Limited (Registered number: 02719216)

Abridged Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





J Channa - Director


Tyreman Limited (Registered number: 02719216)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Tyreman Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures, fittings & equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tyreman Limited (Registered number: 02719216)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 96,904
Additions 13,500
At 31 May 2024 110,404
DEPRECIATION
At 1 June 2023 67,770
Charge for year 6,186
At 31 May 2024 73,956
NET BOOK VALUE
At 31 May 2024 36,448
At 31 May 2023 29,134

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
6 Ordinary £1 6 6

6. RELATED PARTY DISCLOSURES

Within debtors at the statement of financial position date is a balance amounting to £348,000 (2023 £100,000) due from the parent company, Tyreman Holdings Limited.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Tyreman Holdings Limited by virtue of their 100% holding in the issued share capital of the company.

The parent company, Tyreman Holdings Limited has taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

The ultimate controlling party are Miss M J Channa and Miss R J Channa.