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REGISTERED NUMBER: 15053795 (England and Wales)










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: M O'Brien
J B K Ampofo
R Griggs
S Hay





REGISTERED OFFICE: Suite B, Second Floor
Ardenham Court
Oxford Road
Aylesbury
HP19 8HT





REGISTERED NUMBER: 15053795 (England and Wales)





AUDITORS: Collards
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 12,921

CURRENT ASSETS
Debtors 5 47,534
Cash at bank 388,531
436,065
CREDITORS
Amounts falling due within one year 6 64,719
NET CURRENT ASSETS 371,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,267

CREDITORS
Amounts falling due after more than one year 7 77,170
NET ASSETS 307,097

RESERVES
Other reserves 293,043
Income and expenditure account 14,054
307,097

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:




M O'Brien - Director S Hay - Director




J B K Ampofo - Director


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 private company, limited by guarantee , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer and office equipment - 3 to 7 years
Fixtures, fittings & furniture - 3 to 7 years

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 4 .

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 10,080
Disposals (3,733 )
Transfer in from Association 20,756
At 30 November 2024 27,103
DEPRECIATION
Charge for period 2,589
Eliminated on disposal (3,483 )
Transfer in from Association 15,076
At 30 November 2024 14,182
NET BOOK VALUE
At 30 November 2024 12,921

5. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 12,765
Other debtors 27,209
39,974

Amounts falling due after more than one year:
Other debtors 7,560

Aggregate amounts 47,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 9,374
Taxation and social security 11,382
Other creditors 43,963
64,719

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 77,170

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 75,699

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.

Mr Jonathan Addison FCA (Senior Statutory Auditor)
for and on behalf of Collards