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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
376,416 
374,030 
Current assets
Inventories
35,027 
32,612 
Debtors
251,140 
295,720 
Cash at bank and in hand
1,008,290 
735,974 
1,294,457 
1,064,306 
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 
Capital and reserves
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
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SMJ Tyre Services Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
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 
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SMJ Tyre Services Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
246,341 
274,530 
Accrued income and prepayments
4,799 
21,190 
251,140 
295,720 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
41,235 
34,660 
Trade creditors
244,875 
202,769 
Taxes and social security
83,307 
64,341 
Loans from directors
860 
50 
Accruals
4,620 
28,157 
374,897 
329,977 
7
Average number of employees
During the year the average number of employees was 14 (2023: 13).
- 4 -