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REGISTERED NUMBER: 13774532 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Deepcar Tyre & Auto Centre Ltd

Deepcar Tyre & Auto Centre Ltd (Registered number: 13774532)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Deepcar Tyre & Auto Centre Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A D Brookes





REGISTERED OFFICE: Unit 9 & 10 Station Road
Deepcar
Sheffield
S36 2UZ





REGISTERED NUMBER: 13774532 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Deepcar Tyre & Auto Centre Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deepcar Tyre & Auto Centre Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Deepcar Tyre & Auto Centre Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deepcar Tyre & Auto Centre Ltd and state those matters that we have agreed to state to the director of Deepcar Tyre & Auto Centre Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deepcar Tyre & Auto Centre Ltd and its director for our work or for this report.

It is your duty to ensure that Deepcar Tyre & Auto Centre Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Deepcar Tyre & Auto Centre Ltd. You consider that Deepcar Tyre & Auto Centre Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deepcar Tyre & Auto Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


19 June 2025

Deepcar Tyre & Auto Centre Ltd (Registered number: 13774532)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,000
Tangible assets 5 42,453 36,987
42,453 39,987

CURRENT ASSETS
Stocks - 15,160
Debtors 6 33,350 4,161
Cash at bank 570 987
33,920 20,308
CREDITORS
Amounts falling due within one year 7 204,730 97,568
NET CURRENT LIABILITIES (170,810 ) (77,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES (128,357 ) (37,273 )

CREDITORS
Amounts falling due after more than one year 8 23,397 7,720
NET LIABILITIES (151,754 ) (44,993 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (151,954 ) (45,193 )
(151,754 ) (44,993 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:




A D Brookes - Director


Deepcar Tyre & Auto Centre Ltd (Registered number: 13774532)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Deepcar Tyre & Auto Centre Ltd 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.

Going concern
The company has net liabilities amounting to £151,754, in the event they require support, the parent company has agreed to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold prop 15% reducing balance
Plant and machinery 15% on cost
Fixtures and fittings 15% reducing balance
Motor vehicles 20% 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.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.


Deepcar Tyre & Auto Centre Ltd (Registered number: 13774532)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 9,000
AMORTISATION
At 1 December 2023 6,000
Charge for year 3,000
At 30 November 2024 9,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 3,000

Deepcar Tyre & Auto Centre Ltd (Registered number: 13774532)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and Motor
Buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023 13,895 19,888 3,161 10,925 47,869
Additions - 366 121 14,675 15,162
At 30 November 2024 13,895 20,254 3,282 25,600 63,031
DEPRECIATION
At 1 December 2023 2,084 5,226 841 2,731 10,882
Charge for year 1,767 3,407 390 4,132 9,696
At 30 November 2024 3,851 8,633 1,231 6,863 20,578
NET BOOK VALUE
At 30 November 2024 10,044 11,621 2,051 18,737 42,453
At 30 November 2023 11,811 14,662 2,320 8,194 36,987

The net book value of assets on hire purchase is £18,737 (2023 - £8,194).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,161
Amounts owed by group undertakings 33,350 -
33,350 4,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,639 -
Hire purchase contracts 7,143 2,750
Trade creditors - 56,884
Amounts owed to group undertakings 132,567 13,413
Taxation and social security 6,673 18,954
Other creditors 4,708 5,567
204,730 97,568

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,397 7,720