| Auto Pneumatic Tyre & Exhaust Centre Ltd. |
| Registered Number:02967738 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Statement of Financial Position
2023
2024
| Property, plant and equipment |
56,717
30,269
2
56,717
30,269
3,815
3,815
3
| Trade and other receivables |
39,471
33,756
4
153,603
| Cash and cash equivalents |
145,394
182,965
196,889
| Trade and other payables: amounts falling due within |
| one year |
(78,803)
(68,587)
5
118,086
114,378
Net current assets
| Total assets less current liabilities |
171,095
148,355
171,095
Net assets
148,355
6
6
171,089
148,349
171,095
148,355
Shareholders' funds
| For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered |
| . |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Statement of Financial Position Continued
| Mr Nicholas Sorochan Director |
| Mrs Olesia Sorochan Director |
| These financial statements were approved and authorised for issue by the Board on 12 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Notes to the Financial Statements
Statutory Information
| Auto Pneumatic Tyre & Exhaust Centre Ltd. is a private limited company, limited by shares, domiciled |
| in England and Wales, registration number 02967738. |
Steering Wheel Garage
Eastgate Street
Bury St Edmunds
Suffolk
IP33 1YQ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of |
| Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
| Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under |
| the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
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For the year ended 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
114,929
3,090
23,057
88,782
38,673
-
33,395
5,278
-
(1,250)
-
(1,250)
94,060
55,202
3,090
152,352
| Provision for depreciation and impairment |
84,660
1,976
13,622
69,062
Charge for year
12,058
167
8,275
3,616
(1,083)
-
(1,083)
-
95,635
2,143
20,814
72,678
21,382
34,388
947
56,717
19,720
9,435
1,114
30,269
2023
2024
3,815
3,815
| 4. Trade and other receivables |
2023
2024
23,854
28,710
9,902
10,761
39,471
33,756
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For the year ended 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
19,050
32,651
| Taxation and social security |
37,513
37,751
12,024
8,401
68,587
78,803
| 6. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 5)
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