2024-02-01 04361483 2025-01-31 04361483 2024-02-01 2025-01-31 04361483 2024-01-31 04361483 2023-02-01 2024-01-31 04361483 uk-core:WithinOneYear 2024-01-31 04361483 uk-core:WithinOneYear 2025-01-31 04361483 uk-core:AfterOneYear 2024-01-31 04361483 uk-core:AfterOneYear 2025-01-31 04361483 uk-core:ShareCapital 2025-01-31 04361483 uk-core:ShareCapital 2024-01-31 04361483 uk-core:RetainedEarningsAccumulatedLosses 2025-01-31 04361483 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 04361483 uk-bus:Director1 2024-02-01 2025-01-31 04361483 uk-core:PlantMachinery 2024-02-01 2025-01-31 04361483 uk-core:CommercialMotorVehicles 2024-02-01 2025-01-31 04361483 uk-core:FurnitureFittings 2024-02-01 2025-01-31 04361483 uk-core:FurnitureFittings 2024-01-31 04361483 uk-core:CommercialMotorVehicles 2024-01-31 04361483 uk-core:PlantMachinery 2024-01-31 04361483 uk-core:PlantMachinery 2025-01-31 04361483 uk-core:CommercialMotorVehicles 2025-01-31 04361483 uk-core:FurnitureFittings 2025-01-31 iso4217:GBP xbrli:pure 04361483 uk-bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 04361483 uk-bus:FRS102 2024-02-01 2025-01-31 04361483 uk-bus:FilletedAccounts 2024-02-01 2025-01-31 04361483 uk-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31
Wingerworth Tyres Limited
Registered Number:04361483
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2025
Wingerworth Tyres Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
04361483
As at 31 January 2025
Wingerworth Tyres Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
51,089
52,035
2
51,089
52,035
Current assets
Inventories
39,050
40,020
3
Trade and other receivables
46,635
32,787
4
123,006
Cash and cash equivalents
106,485
179,292
208,691
Trade and other payables: amounts falling due within one
year
(177,491)
(173,503)
5
31,200
5,789
Net current assets
Total assets less current liabilities
56,878
83,235
Trade and other payables: amounts falling due after more
than one year
(5,591)
-
6
(3,000)
(2,800)
Provisions for liabilities
53,878
Net assets
74,844
Capital and reserves
Called up share capital
103
103
Retained earnings
53,775
74,741
53,878
74,844
Shareholders' funds
For the year ended 31 January 2025 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 31 January 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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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Registered Number :
04361483
For the year ended 31 January 2025
Wingerworth Tyres Limited
Statement of Financial Position Continued
Mr K.S. Macmillan Director
These financial statements were approved and authorised for issue by the Board on 30 May 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 January 2025
Wingerworth Tyres Limited
Notes to the Financial Statements
Statutory Information
Wingerworth Tyres Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04361483.
Registered address:
Wingerworth Service Station
Derby Road
Chesterfield
Derbyshire
S42 6NB
The presentation currency is £ sterling.
1. Accounting policies
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. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
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
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
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. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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For the year ended 31 January 2025
Wingerworth Tyres Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 February 2024
175,507
13,640
71,196
90,671
10,965
2,095
-
8,870
Additions
At 31 January 2025
99,541
71,196
15,735
186,472
Provision for depreciation and impairment
At 01 February 2024
123,472
11,922
46,604
64,946
Charge for year
11,911
572
6,148
5,191
At 31 January 2025
135,383
12,494
52,752
70,137
At 31 January 2025
Net book value
29,404
18,444
3,241
51,089
At 31 January 2024
25,725
24,592
1,718
52,035
3. Inventories
2024
2025
£
£
Stocks
40,020
39,050
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For the year ended 31 January 2025
Wingerworth Tyres Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2024
2025
£
£
Trade debtors
16,127
28,474
Other debtors
16,660
18,161
46,635
32,787
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
124,992
117,898
Taxation and social security
37,445
48,914
Other creditors
11,066
10,679
173,503
177,491
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Other creditors
-
5,591
7. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr K S Macmillan , as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £36,500
(£32,500).
8. Average number of persons employed
During the year the average number of employees was 10 (2024 : 8)
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