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Company Registration No. 12369777 (England and Wales)
Discount Tyres New Romney Ltd Unaudited accounts for the year ended 31 December 2024
Discount Tyres New Romney Ltd Unaudited accounts Contents
Page
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Discount Tyres New Romney Ltd Company Information for the year ended 31 December 2024
Director
Mr Kevin Hunt
Company Number
12369777 (England and Wales)
Registered Office
2 LITTLE DENE HIGHLANDS CRESCENT NEW ROMNEY TN29 0RP ENGLAND
Accountants
Track Accountancy Ltd 2 New rents Upper floors Ashford Kent TN23 1JH
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Discount Tyres New Romney Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,728 
17,274 
Current assets
Inventories
6,524 
7,329 
Debtors
- 
2,037 
Cash at bank and in hand
12,899 
1,678 
19,423 
11,044 
Creditors: amounts falling due within one year
(28,371)
(3,922)
Net current (liabilities)/assets
(8,948)
7,122 
Total assets less current liabilities
1,780 
24,396 
Creditors: amounts falling due after more than one year
(27,082)
(47,669)
Net liabilities
(25,302)
(23,273)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(25,303)
(23,274)
Shareholders' funds
(25,302)
(23,273)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 29 April 2025 and were signed on its behalf by
Mr Kevin Hunt Director Company Registration No. 12369777
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Discount Tyres New Romney Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Discount Tyres New Romney Ltd is a private company, limited by shares, registered in England and Wales, registration number 12369777. The registered office is 2 LITTLE DENE, HIGHLANDS CRESCENT, NEW ROMNEY, TN29 0RP, 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
25%
Motor vehicles
25%
Fixtures & fittings
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
60,900 
13,325 
74,225 
At 31 December 2024
60,900 
13,325 
74,225 
Depreciation
At 1 January 2024
46,110 
10,841 
56,951 
Charge for the year
5,304 
1,242 
6,546 
At 31 December 2024
51,414 
12,083 
63,497 
Net book value
At 31 December 2024
9,486 
1,242 
10,728 
At 31 December 2023
14,790 
2,484 
17,274 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,037 
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Discount Tyres New Romney Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,260 
- 
Trade creditors
- 
3,922 
Loans from directors
27,111 
- 
28,371 
3,922 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,082 
27,082 
Loans from directors
- 
20,587 
27,082 
47,669 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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