IRIS Accounts Production v25.1.0.734 04486928 director 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044869282023-07-31044869282024-07-31044869282023-08-012024-07-31044869282022-07-31044869282022-08-012023-07-31044869282023-07-3104486928ns15:EnglandWales2023-08-012024-07-3104486928ns14:PoundSterling2023-08-012024-07-3104486928ns10:Director12023-08-012024-07-3104486928ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104486928ns10:SmallEntities2023-08-012024-07-3104486928ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3104486928ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104486928ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104486928ns10:FullAccounts2023-08-012024-07-310448692812023-08-012024-07-3104486928ns10:OrdinaryShareClass12023-08-012024-07-3104486928ns10:CompanySecretary12023-08-012024-07-3104486928ns10:RegisteredOffice2023-08-012024-07-3104486928ns5:CurrentFinancialInstruments2024-07-3104486928ns5:CurrentFinancialInstruments2023-07-3104486928ns5:Non-currentFinancialInstruments2024-07-3104486928ns5:Non-currentFinancialInstruments2023-07-3104486928ns5:ShareCapital2024-07-3104486928ns5:ShareCapital2023-07-3104486928ns5:RetainedEarningsAccumulatedLosses2024-07-3104486928ns5:RetainedEarningsAccumulatedLosses2023-07-3104486928ns5:NetGoodwill2023-08-012024-07-3104486928ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3104486928ns5:PlantMachinery2023-08-012024-07-3104486928ns5:MotorVehicles2023-08-012024-07-3104486928ns5:NetGoodwill2023-07-3104486928ns5:NetGoodwill2024-07-3104486928ns5:NetGoodwill2023-07-3104486928ns5:PlantMachinery2023-07-3104486928ns5:MotorVehicles2023-07-3104486928ns5:PlantMachinery2024-07-3104486928ns5:MotorVehicles2024-07-3104486928ns5:PlantMachinery2023-07-3104486928ns5:MotorVehicles2023-07-3104486928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3104486928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3104486928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3104486928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3104486928ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3104486928ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3104486928ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3104486928ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3104486928ns10:OrdinaryShareClass12024-07-3104486928ns5:RetainedEarningsAccumulatedLosses2023-07-3104486928ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 04486928 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

P.A. RISK COMMERCIAL TYRE SERVICES LTD

P.A. RISK COMMERCIAL TYRE SERVICES LTD (REGISTERED NUMBER: 04486928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.A. RISK COMMERCIAL TYRE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: P A Risk





SECRETARY: C Risk





REGISTERED OFFICE: 12 Station Court
Station Approach
Wickford
Essex
SS11 7AT





REGISTERED NUMBER: 04486928 (England and Wales)





ACCOUNTANTS: Connah Goldsworthy
Chartered Certified Accountants
12 Station Court
Station Approach
Wickford
Essex
SS11 7AT

P.A. RISK COMMERCIAL TYRE SERVICES LTD (REGISTERED NUMBER: 04486928)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,167 20,615
17,167 20,615

CURRENT ASSETS
Stocks 3,500 3,200
Debtors 6 14,067 13,206
Cash at bank 3,763 2,841
21,330 19,247
CREDITORS
Amounts falling due within one year 7 18,304 22,273
NET CURRENT ASSETS/(LIABILITIES) 3,026 (3,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,193

17,589

CREDITORS
Amounts falling due after more than one
year

8

15,709

20,736
NET ASSETS/(LIABILITIES) 4,484 (3,147 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 4,384 (3,247 )
SHAREHOLDERS' FUNDS 4,484 (3,147 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





P A Risk - Director


P.A. RISK COMMERCIAL TYRE SERVICES LTD (REGISTERED NUMBER: 04486928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

P.A. Risk Commercial Tyre Services Ltd 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 2003, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 7,500
AMORTISATION
At 1 August 2023
and 31 July 2024 7,500
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

P.A. RISK COMMERCIAL TYRE SERVICES LTD (REGISTERED NUMBER: 04486928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 6,199 24,997 31,196
Additions 1,600 - 1,600
At 31 July 2024 7,799 24,997 32,796
DEPRECIATION
At 1 August 2023 5,998 4,583 10,581
Charge for year 49 4,999 5,048
At 31 July 2024 6,047 9,582 15,629
NET BOOK VALUE
At 31 July 2024 1,752 15,415 17,167
At 31 July 2023 201 20,414 20,615

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 24,997
DEPRECIATION
At 1 August 2023 4,583
Charge for year 4,999
At 31 July 2024 9,582
NET BOOK VALUE
At 31 July 2024 15,415
At 31 July 2023 20,414

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 11,701 11,925
Prepayments 2,366 1,281
14,067 13,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 2,400 2,400
Finance leases 4,019 4,019
Trade creditors 5,667 9,390
Tax 2,482 2,444
VAT 2,005 2,404
Directors' current accounts 151 36
Accrued expenses 1,580 1,580
18,304 22,273

P.A. RISK COMMERCIAL TYRE SERVICES LTD (REGISTERED NUMBER: 04486928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 2,600 5,000
Finance leases 13,109 15,736
15,709 20,736

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2023 (3,247 )
Profit for the year 12,131
Dividends (4,500 )
At 31 July 2024 4,384