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Company Registration No. 08097941 (England and Wales)
Craven Arms Tyres Limited Unaudited accounts for the year ended 30 June 2024
Craven Arms Tyres Limited Unaudited accounts Contents
Page
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Craven Arms Tyres Limited Company Information for the year ended 30 June 2024
Director
S James
Company Number
08097941 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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Craven Arms Tyres Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,488 
20,285 
Current assets
Inventories
7,302 
9,545 
Debtors
26,846 
29,240 
Cash at bank and in hand
55,210 
36,754 
89,358 
75,539 
Creditors: amounts falling due within one year
(50,585)
(48,945)
Net current assets
38,773 
26,594 
Total assets less current liabilities
57,261 
46,879 
Provisions for liabilities
Deferred tax
(3,512)
(3,853)
Net assets
53,749 
43,026 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
53,748 
43,025 
Shareholders' funds
53,749 
43,026 
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 her 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 21 February 2025 and were signed on its behalf by
S James Director Company Registration No. 08097941
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Craven Arms Tyres Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Craven Arms Tyres Limited is a private company, limited by shares, registered in England and Wales, registration number 08097941. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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:
Land & buildings
10% per annum - straight line
Plant & machinery
10% per annum - reducing balance
Motor vehicles
25% per annum - reducing balance
Fixtures & fittings
15% per annum - reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
11,212 
31,936 
10,350 
3,498 
56,996 
Additions
- 
585 
- 
- 
585 
At 30 June 2024
11,212 
32,521 
10,350 
3,498 
57,581 
Depreciation
At 1 July 2023
11,211 
14,480 
8,821 
2,199 
36,711 
Charge for the year
1 
1,804 
382 
195 
2,382 
At 30 June 2024
11,212 
16,284 
9,203 
2,394 
39,093 
Net book value
At 30 June 2024
- 
16,237 
1,147 
1,104 
18,488 
At 30 June 2023
1 
17,456 
1,529 
1,299 
20,285 
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Craven Arms Tyres Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,596 
27,537 
Accrued income and prepayments
1,250 
1,703 
26,846 
29,240 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
223 
- 
Trade creditors
20,668 
20,258 
Taxes and social security
11,971 
8,672 
Other creditors
501 
2,693 
Loans from directors
16,527 
16,627 
Accruals
695 
695 
50,585 
48,945 
7
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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