Company Registration No. 06980005 (England and Wales)
SMJ Tyre Services Ltd
Unaudited accounts
for the year ended 31 July 2024
SMJ Tyre Services Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
376,416
374,030
Cash at bank and in hand
1,008,290
735,974
Creditors: amounts falling due within one year
(374,897)
(329,977)
Net current assets
919,560
734,329
Total assets less current liabilities
1,295,976
1,108,359
Provisions for liabilities
Deferred tax
(23,974)
(20,572)
Net assets
1,272,002
1,087,787
Called up share capital
100
100
Share premium
15,610
15,610
Profit and loss account
1,256,292
1,072,077
Shareholders' funds
1,272,002
1,087,787
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
Mr S M Jackson
Director
Company Registration No. 06980005
SMJ Tyre Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
SMJ Tyre Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06980005. The registered office is 91 Lee Avenue, Shilbottle, Alnwick, Northumberland, NE66 2UL, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on straight line
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 August 2023
280,520
38,694
178,748
3,573
501,535
Additions
-
-
28,450
-
28,450
At 31 July 2024
280,520
38,694
207,198
3,573
529,985
At 1 August 2023
-
23,139
101,331
3,035
127,505
Charge for the year
-
3,111
22,872
81
26,064
At 31 July 2024
-
26,250
124,203
3,116
153,569
At 31 July 2024
280,520
12,444
82,995
457
376,416
At 31 July 2023
280,520
15,555
77,417
538
374,030
SMJ Tyre Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
246,341
274,530
Accrued income and prepayments
4,799
21,190
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
244,875
202,769
Taxes and social security
83,307
64,341
Loans from directors
860
50
7
Average number of employees
During the year the average number of employees was 14 (2023: 13).