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Company Registration No. 09636099 (England and Wales)
Hero Tyre Service Ltd Unaudited accounts for the year ended 30 June 2024
Hero Tyre Service Ltd Unaudited accounts Contents
Page
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Hero Tyre Service Ltd Company Information for the year ended 30 June 2024
Director
Mr S Lambert
Company Number
09636099 (England and Wales)
Registered Office
WHITE HOUSE FARM TOWN STREET SHIPTONTHORPE YORK YO43 3PE ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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Hero Tyre Service Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,895 
3,860 
Current assets
Inventories
900 
900 
Debtors
31 
122 
Cash at bank and in hand
19,791 
30,293 
20,722 
31,315 
Creditors: amounts falling due within one year
(3,894)
(16,499)
Net current assets
16,828 
14,816 
Net assets
19,723 
18,676 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,722 
18,675 
Shareholders' funds
19,723 
18,676 
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Mr S Lambert Director Company Registration No. 09636099
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Hero Tyre Service Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hero Tyre Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 09636099. The registered office is WHITE HOUSE FARM TOWN STREET, SHIPTONTHORPE, YORK, YO43 3PE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
13,151 
At 30 June 2024
13,151 
Depreciation
At 1 July 2023
9,291 
Charge for the year
965 
At 30 June 2024
10,256 
Net book value
At 30 June 2024
2,895 
At 30 June 2023
3,860 
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Hero Tyre Service Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
122 
Other debtors
31 
- 
31 
122 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,630 
3,083 
Taxes and social security
472 
1,033 
Loans from directors
- 
11,609 
Accruals
792 
774 
3,894 
16,499 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,200 
1,200 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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