2023-10-01 02967738 2024-09-30 02967738 2023-10-01 2024-09-30 02967738 2023-09-30 02967738 2022-10-01 2023-09-30 02967738 uk-core:WithinOneYear 2023-09-30 02967738 uk-core:WithinOneYear 2024-09-30 02967738 uk-core:ShareCapital 2024-09-30 02967738 uk-core:ShareCapital 2023-09-30 02967738 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 02967738 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 02967738 uk-bus:Director1 2023-10-01 2024-09-30 02967738 uk-bus:Director2 2023-10-01 2024-09-30 02967738 uk-core:NetGoodwill 2023-10-01 2024-09-30 02967738 uk-core:PlantMachinery 2023-10-01 2024-09-30 02967738 uk-core:ToolsEquipment 2023-10-01 2024-09-30 02967738 uk-core:CommercialMotorVehicles 2023-10-01 2024-09-30 02967738 uk-core:ToolsEquipment 2023-09-30 02967738 uk-core:CommercialMotorVehicles 2023-09-30 02967738 uk-core:PlantMachinery 2023-09-30 02967738 uk-core:PlantMachinery 2024-09-30 02967738 uk-core:CommercialMotorVehicles 2024-09-30 02967738 uk-core:ToolsEquipment 2024-09-30 iso4217:GBP xbrli:pure 02967738 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02967738 uk-bus:FRS102 2023-10-01 2024-09-30 02967738 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 02967738 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Registered Number:02967738
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
02967738
As at 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
56,717
30,269
2
56,717
30,269
Current assets
Inventories
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
Capital and reserves
Called up share capital
6
6
Retained earnings
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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4
Registered Number :
02967738
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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5
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.
Registered address:
Steering Wheel Garage
Eastgate Street
Bury St Edmunds
Suffolk
IP33 1YQ
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.
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
15% Reducing balance
15% Reducing balance
Computer equipment
25% Reducing balance
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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6
For the year ended 30 September 2024
Auto Pneumatic Tyre & Exhaust Centre Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor
vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 October 2023
114,929
3,090
23,057
88,782
38,673
-
33,395
5,278
Additions
-
(1,250)
-
Disposals
(1,250)
At 30 September 2024
94,060
55,202
3,090
152,352
Provision for depreciation and impairment
At 01 October 2023
84,660
1,976
13,622
69,062
Charge for year
12,058
167
8,275
3,616
(1,083)
-
(1,083)
-
On disposal
At 30 September 2024
95,635
2,143
20,814
72,678
At 30 September 2024
Net book value
21,382
34,388
947
56,717
At 30 September 2023
19,720
9,435
1,114
30,269
3. Inventories
2023
2024
£
£
Stocks
3,815
3,815
4. Trade and other receivables
2023
2024
£
£
Trade debtors
23,854
28,710
Other debtors
9,902
10,761
39,471
33,756
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7
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
£
£
Trade creditors
19,050
32,651
Taxation and social security
37,513
37,751
Other creditors
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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