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REGISTERED NUMBER: 06495880 (England and Wales)










HARPER TYRES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






HARPER TYRES LIMITED (REGISTERED NUMBER: 06495880)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARPER TYRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J S Dulay





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 06495880 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

HARPER TYRES LIMITED (REGISTERED NUMBER: 06495880)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,881 56,095

CURRENT ASSETS
Stocks 5 6,496 20,976
Debtors 6 2,590 3,536
Cash in hand 264 1,731
9,350 26,243
CREDITORS
Amounts falling due within one year 7 (32,243 ) (31,854 )
NET CURRENT LIABILITIES (22,893 ) (5,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,988

50,484

CREDITORS
Amounts falling due after more than one
year

8

(10,924

)

(17,600

)
NET ASSETS 21,064 32,884

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 9 20,064 31,884
SHAREHOLDERS' FUNDS 21,064 32,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HARPER TYRES LIMITED (REGISTERED NUMBER: 06495880)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





J S Dulay - Director


HARPER TYRES LIMITED (REGISTERED NUMBER: 06495880)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Harper Tyres Limited is a private company, limited by shares , 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 2 (2023 - 2 ) .

HARPER TYRES LIMITED (REGISTERED NUMBER: 06495880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 48,000 49,768 2,308 100,076
DEPRECIATION
At 1 October 2023 - 42,011 1,970 43,981
Charge for year - 1,163 51 1,214
At 30 September 2024 - 43,174 2,021 45,195
NET BOOK VALUE
At 30 September 2024 48,000 6,594 287 54,881
At 30 September 2023 48,000 7,757 338 56,095

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 6,496 20,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Prepayments 2,590 3,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 2,071 2,519
Trade creditors 6,760 7,422
Tax 2,913 2,741
Social security and other taxes 683 5,123
VAT - 938
Other creditors 2,225 2,220
Directors' current accounts 16,161 9,461
Accrued expenses 1,430 1,430
32,243 31,854

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans - 2-5 years 10,924 17,600

HARPER TYRES LIMITED (REGISTERED NUMBER: 06495880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. RESERVES
Retained
earnings
£   

At 1 October 2023 31,884
Deficit for the year (11,820 )
At 30 September 2024 20,064

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the creditors , the amount owed to directors is £16161 (2023: £9,461) The loans are interest free and with no fixed date of repayment.

11. RELATED PARTY DISCLOSURES

The rent of £14,600 in respect of the premises, £4,867 was paid to Mr J S Dulay who own 1/3rd of the business premises at 12a Harper road,Coventry, which the directors believe is the market value.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors and shareholders.