REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
FOR |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
FOR |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION (REGISTERED NUMBER: 15053795) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION |
COMPANY INFORMATION |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
5-9 Eden Street |
Kingston-upon-Thames |
Surrey |
KT1 1BQ |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION (REGISTERED NUMBER: 15053795) |
BALANCE SHEET |
30 NOVEMBER 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
RESERVES |
Other reserves |
Income and expenditure account |
The financial statements were approved by the Board of Directors and authorised for issue on |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION (REGISTERED NUMBER: 15053795) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
1. | STATUTORY INFORMATION |
National Tyre Distributors Association is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer and office equipment | - |
Fixtures, fittings & furniture | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION (REGISTERED NUMBER: 15053795) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
Disposals | ( |
) |
Transfer in from Association |
At 30 November 2024 |
DEPRECIATION |
Charge for period |
Eliminated on disposal | ( |
) |
Transfer in from Association |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
5. | DEBTORS |
£ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
Included within deferred income is an amount of £867 relating to the "Part Worn Tyre" campaign. Levies were collected from members to support the campaign and the sum quoted represents unspent monies as at 30 November 2024. |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
The above represents deferred income which will be realised after more than 12 months. |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Between one and five years |
NATIONAL TYRE DISTRIBUTORS ASSOCIATION (REGISTERED NUMBER: 15053795) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 7 AUGUST 2023 TO 30 NOVEMBER 2024 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |