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REGISTERED NUMBER: 10297030 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Tyre Shop Online Limited

Tyre Shop Online Limited (Registered number: 10297030)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tyre Shop Online Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs D Czarnobay
Mr A M Czarnobay





REGISTERED OFFICE: 13 Liverpool Road North
Maghull
Merseyside
L31 2HB





REGISTERED NUMBER: 10297030 (England and Wales)





ACCOUNTANTS: McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

Tyre Shop Online Limited (Registered number: 10297030)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,536 30,739

CURRENT ASSETS
Stocks 125,000 70,500
Debtors 6 49,146 66,340
Cash at bank and in hand 133,945 202,232
308,091 339,072
CREDITORS
Amounts falling due within one year 7 236,709 269,567
NET CURRENT ASSETS 71,382 69,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,918

100,244

CREDITORS
Amounts falling due after more than one
year

8

(36,000

)

(36,000

)

PROVISIONS FOR LIABILITIES (4,662 ) (7,685 )
NET ASSETS 55,256 56,559

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,255 56,558
55,256 56,559

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

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

The directors acknowledge their 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.

Tyre Shop Online Limited (Registered number: 10297030)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





Mr A M Czarnobay - Director


Tyre Shop Online Limited (Registered number: 10297030)

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

1. STATUTORY INFORMATION

Tyre Shop Online 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% 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.

Tyre Shop Online Limited (Registered number: 10297030)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 55,748 2,835 9,550 6,197 74,330
Additions 2,108 - - - 2,108
At 30 June 2024 57,856 2,835 9,550 6,197 76,438
DEPRECIATION
At 1 July 2023 29,989 1,619 6,845 5,138 43,591
Charge for year 6,976 306 678 351 8,311
At 30 June 2024 36,965 1,925 7,523 5,489 51,902
NET BOOK VALUE
At 30 June 2024 20,891 910 2,027 708 24,536
At 30 June 2023 25,759 1,216 2,705 1,059 30,739

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 49,146 58,582
Other debtors - 7,758
49,146 66,340

Tyre Shop Online Limited (Registered number: 10297030)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 7,463 46,159
Hire purchase contracts - 4,822
Trade creditors 177,319 99,060
Taxation and social security 45,841 55,403
Other creditors 6,086 64,123
236,709 269,567

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 36,000 36,000