2023-09-01 06353136 2024-08-31 06353136 2023-09-01 2024-08-31 06353136 2023-08-31 06353136 2022-09-01 2023-08-31 06353136 uk-core:WithinOneYear 2023-08-31 06353136 uk-core:WithinOneYear 2024-08-31 06353136 uk-core:AfterOneYear 2023-08-31 06353136 uk-core:AfterOneYear 2024-08-31 06353136 uk-core:ShareCapital 2024-08-31 06353136 uk-core:ShareCapital 2023-08-31 06353136 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 06353136 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 06353136 uk-bus:Director1 2023-09-01 2024-08-31 06353136 uk-core:PlantMachinery 2023-09-01 2024-08-31 06353136 uk-core:FurnitureFittings 2023-09-01 2024-08-31 06353136 uk-core:FurnitureFittings 2023-08-31 06353136 uk-core:PlantMachinery 2023-08-31 06353136 uk-core:PlantMachinery 2024-08-31 06353136 uk-core:FurnitureFittings 2024-08-31 06353136 uk-core:WithinOneYear uk-core:Secured 2024-08-31 06353136 uk-core:WithinOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 06353136 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06353136 uk-bus:FRS102 2023-09-01 2024-08-31 06353136 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 06353136 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Highmead Tyre Bay Limited
Registered Number:06353136
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Highmead Tyre Bay Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06353136
As at 31 August 2024
Highmead Tyre Bay Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
9,787
9,404
2
9,787
9,404
Current assets
Inventories
21,695
15,831
3
Trade and other receivables
5,000
6,014
4
4,799
Cash and cash equivalents
11,596
33,441
31,494
Trade and other payables: amounts falling due within one
year
(34,312)
(40,273)
5
(2,818)
(6,832)
Net current liabilities
Total assets less current liabilities
2,955
6,586
Trade and other payables: amounts falling due after more
than one year
(13,238)
(7,373)
6
(681)
(349)
Provisions for liabilities
(5,099)
Net liabilities
(7,001)
Capital and reserves
Called up share capital
2
2
Retained earnings
(5,101)
(7,003)
(5,099)
(7,001)
Shareholders' funds
For the year ended 31 August 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 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06353136
For the year ended 31 August 2024
Highmead Tyre Bay Limited
Statement of Financial Position Continued
Amar Asghar Director
These financial statements were approved and authorised for issue by the Board on 16 April 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2024
Highmead Tyre Bay Limited
Notes to the Financial Statements
Statutory Information
Highmead Tyre Bay Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06353136.
Registered address:
Unit 5, Halliwell Mill, Bertha Street
Bolton
Lancashire
BL1 8AH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
10 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 August 2024
Highmead Tyre Bay Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 September 2023
41,624
3,212
38,412
4,818
4,818
-
Additions
At 31 August 2024
38,412
8,030
46,442
Provision for depreciation and impairment
At 01 September 2023
32,220
2,247
29,973
Charge for year
4,435
617
3,818
At 31 August 2024
36,655
2,864
33,791
At 31 August 2024
Net book value
4,621
5,166
9,787
At 31 August 2023
8,439
965
9,404
3. Inventories
2023
2024
£
£
Stocks
15,831
21,695
4. Trade and other receivables
2023
2024
£
£
Other debtors
6,014
5,000
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
6,500
7,000
Trade creditors
11,814
17,201
Taxation and social security
5,103
4,734
Other creditors
16,856
5,377
40,273
34,312
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7
For the year ended 31 August 2024
Highmead Tyre Bay Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
7,373
13,238
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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