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REGISTERED NUMBER: 04513674 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

G.D.S. Tyres Limited

G.D.S. Tyres Limited (Registered number: 04513674)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G.D.S. Tyres Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G F Di-Sandolo



SECRETARY: Mrs B Di-Sandolo



REGISTERED OFFICE: G D S Tyres
29 Pembroke Road
Merlins Bridge
HAVERFORDWEST
Pembrokeshire
SA61 1JW



REGISTERED NUMBER: 04513674 (England and Wales)



BANKERS: Barclays Bank Plc
PO Box 214
32 High Street
Haverfordwest
Pembrokeshire
SA61 2YP

G.D.S. Tyres Limited (Registered number: 04513674)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,357 2,226
4,357 2,226

CURRENT ASSETS
Stocks 5,647 6,692
Debtors 21,254 17,766
Cash at bank 24,679 28,321
51,580 52,779
CREDITORS
Amounts falling due within one year 55,037 54,145
NET CURRENT LIABILITIES (3,457 ) (1,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

900

860

CAPITAL AND RESERVES
Called up share capital 26 26
Retained earnings 874 834
SHAREHOLDERS' FUNDS 900 860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G.D.S. Tyres Limited (Registered number: 04513674)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





G F Di-Sandolo - Director


G.D.S. Tyres Limited (Registered number: 04513674)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

G.D.S. Tyres 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 2002, is being amortised evenly over its estimated useful life of twenty 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 - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023
and 31 August 2024 30,000
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

G.D.S. Tyres Limited (Registered number: 04513674)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 19,072
Additions 2,900
At 31 August 2024 21,972
DEPRECIATION
At 1 September 2023 16,846
Charge for year 769
At 31 August 2024 17,615
NET BOOK VALUE
At 31 August 2024 4,357
At 31 August 2023 2,226