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Registered Number: 04974740
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2024

for

MANCHESTER TYRE SERVICES LIMITED

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Manchester Tyre Services Limited for the year under review from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Manchester Tyre Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Manchester Tyre Services Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manchester Tyre Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Manchester Tyre Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Manchester Tyre Services Limited. You consider that Manchester Tyre Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Manchester Tyre Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

Positive Payroll Limited

Suite 10 Old Marsh Farm Barns
Welsh Road
Deeside
Flinthsire
19 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 20,911    18,181 
20,911    18,181 
Current assets      
Stocks 12,450    12,500 
Debtors: amounts falling due within one year 11,841    24,349 
Cash at bank and in hand 25,793    34,161 
50,084    71,010 
Creditors: amount falling due within one year (17,678)   (22,536)
Net current assets 32,406    48,474 
 
Total assets less current liabilities 53,317    66,655 
Creditors: amount falling due after more than one year (28,432)   (35,051)
Provisions for liabilities (3,973)   (2,694)
Net assets 20,912    28,910 
 

Capital and reserves
     
Called up share capital 300    300 
Profit and loss account 20,612    28,610 
Shareholders' funds 20,912    28,910 
 


For the 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.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 March 2025 and were signed on its behalf by:


-------------------------------
D Bates
Director
2
General Information
MANCHESTER TYRE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04974740, registration address Suite 10 Old Marsh Farm Barns, Welsh Road, Deeside, CH5 2LY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
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:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 January 2024 63,124    21,213    84,337 
Additions   9,700    9,700 
Disposals    
At 31 December 2024 63,124    30,913    94,037 
Depreciation
At 01 January 2024 57,625    8,531    66,156 
Charge for year 1,375    5,595    6,970 
On disposals    
At 31 December 2024 59,000    14,126    73,126 
Net book values
Closing balance as at 31 December 2024 4,124    16,787    20,911 
Opening balance as at 01 January 2024 5,499    12,682    18,181 


4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Mr D Bates and Mrs E Bates14,200 12,650 

The directors own the property from which the company trades. Rent is paid by the company to the directors at normal commercial rates
3