Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08572759 Mr Solomon Hoffman Mr Jacques Hoffman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08572759 2023-06-30 08572759 2024-06-30 08572759 2023-07-01 2024-06-30 08572759 frs-core:CurrentFinancialInstruments 2024-06-30 08572759 frs-core:Non-currentFinancialInstruments 2024-06-30 08572759 frs-core:ComputerEquipment 2024-06-30 08572759 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08572759 frs-core:ComputerEquipment 2023-06-30 08572759 frs-core:FurnitureFittings 2024-06-30 08572759 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08572759 frs-core:FurnitureFittings 2023-06-30 08572759 frs-core:MotorVehicles 2024-06-30 08572759 frs-core:MotorVehicles 2023-07-01 2024-06-30 08572759 frs-core:MotorVehicles 2023-06-30 08572759 frs-core:PlantMachinery 2024-06-30 08572759 frs-core:PlantMachinery 2023-07-01 2024-06-30 08572759 frs-core:PlantMachinery 2023-06-30 08572759 frs-core:ShareCapital 2024-06-30 08572759 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08572759 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08572759 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08572759 frs-bus:SmallEntities 2023-07-01 2024-06-30 08572759 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08572759 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08572759 frs-bus:Director1 2023-07-01 2024-06-30 08572759 frs-bus:Director2 2023-07-01 2024-06-30 08572759 frs-countries:EnglandWales 2023-07-01 2024-06-30 08572759 2022-06-30 08572759 2023-06-30 08572759 2022-07-01 2023-06-30 08572759 frs-core:CurrentFinancialInstruments 2023-06-30 08572759 frs-core:Non-currentFinancialInstruments 2023-06-30 08572759 frs-core:ShareCapital 2023-06-30 08572759 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08572759
TYRE CARE (UK) LTD
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08572759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,132 19,803
45,132 19,803
CURRENT ASSETS
Stocks 5 40,200 76,300
Debtors 6 148,053 122,370
Cash at bank and in hand 6,469 10,361
194,722 209,031
Creditors: Amounts Falling Due Within One Year 7 (232,710 ) (194,995 )
NET CURRENT ASSETS (LIABILITIES) (37,988 ) 14,036
TOTAL ASSETS LESS CURRENT LIABILITIES 7,144 33,839
Creditors: Amounts Falling Due After More Than One Year 8 (19,261 ) (29,057 )
NET (LIABILITIES)/ASSETS (12,117 ) 4,782
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (12,118 ) 4,781
SHAREHOLDERS' FUNDS (12,117) 4,782
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Solomon Hoffman
Director
24/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TYRE CARE (UK) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08572759 . The registered office is 30 Paget Road, London, N16 5NQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 29,750 43,460 320 3,193 76,723
Additions 15,695 23,500 - 1,155 40,350
As at 30 June 2024 45,445 66,960 320 4,348 117,073
Depreciation
As at 1 July 2023 20,492 33,748 153 2,527 56,920
Provided during the period 6,238 8,303 25 455 15,021
As at 30 June 2024 26,730 42,051 178 2,982 71,941
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 18,715 24,909 142 1,366 45,132
As at 1 July 2023 9,258 9,712 167 666 19,803
5. Stocks
2024 2023
£ £
Stock 40,200 76,300
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,680 63,958
Prepayments and accrued income 7,373 412
Other debtors 58,000 58,000
148,053 122,370
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,201 27,401
VAT 2,995 6,344
Other creditors 200,514 161,250
232,710 194,995
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,261 29,057
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4