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REGISTERED NUMBER: 06057630 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Laindon Tyre Centre Limited

Laindon Tyre Centre Limited (Registered number: 06057630)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laindon Tyre Centre Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P W L Morter
R J P Morter





REGISTERED OFFICE: Suite 8, Stonebridge House
Main Road
Hawkwell
Hockley
Essex
SS5 4JH





REGISTERED NUMBER: 06057630 (England and Wales)





ACCOUNTANTS: P. A. Davies & Co
Suite 8
Stonebridge House
Main Road
Hockley
Essex
SS54JH

Laindon Tyre Centre Limited (Registered number: 06057630)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,294 51,348
46,294 51,348

CURRENT ASSETS
Stocks 26,774 34,759
Debtors 6 33,822 28,603
Cash at bank and in hand 208,832 131,057
269,428 194,419
CREDITORS
Amounts falling due within one year 7 (182,163 ) (129,038 )
NET CURRENT ASSETS 87,265 65,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,559

116,729

CREDITORS
Amounts falling due after more than one
year

8

(9,245

)

(19,676

)
NET ASSETS 124,314 97,053

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 124,312 97,051
SHAREHOLDERS' FUNDS 124,314 97,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Laindon Tyre Centre Limited (Registered number: 06057630)

Balance Sheet - continued
30 June 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





P W L Morter - Director


Laindon Tyre Centre Limited (Registered number: 06057630)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Laindon Tyre Centre 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Laindon Tyre Centre Limited (Registered number: 06057630)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 70,000
AMORTISATION
At 1 July 2023
and 30 June 2024 70,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 107,326
Additions 5,792
At 30 June 2024 113,118
DEPRECIATION
At 1 July 2023 55,978
Charge for year 10,846
At 30 June 2024 66,824
NET BOOK VALUE
At 30 June 2024 46,294
At 30 June 2023 51,348

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade debtors 24,367 25,575
Other debtors 9,455 3,028
33,822 28,603

Laindon Tyre Centre Limited (Registered number: 06057630)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Bank loans and overdrafts 10,648 10,000
Hire purchase contracts 5,992 5,316
Trade creditors 141,406 98,878
Taxation and social security 5,454 6,150
Other creditors 18,663 8,694
182,163 129,038

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Bank loans 9,245 19,217
Hire purchase contracts - 459
9,245 19,676