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REGISTERED NUMBER: 07795796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

A1 TYRES (U.K.) LIMITED

A1 TYRES (U.K.) LIMITED (REGISTERED NUMBER: 07795796)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 TYRES (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A J Tuite
K S Mitchell





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 07795796 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

A1 TYRES (U.K.) LIMITED (REGISTERED NUMBER: 07795796)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,675 12,915

CURRENT ASSETS
Stocks 15,852 17,658
Debtors 5 34,080 33,169
Cash at bank and in hand 150,972 88,232
200,904 139,059
CREDITORS
Amounts falling due within one year 6 167,060 111,355
NET CURRENT ASSETS 33,844 27,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,519

40,619

CREDITORS
Amounts falling due after more than one
year

7

(6,666

)

(16,666

)

PROVISIONS FOR LIABILITIES (2,669 ) (3,229 )
NET ASSETS 35,184 20,724

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 34,984 20,524
SHAREHOLDERS' FUNDS 35,184 20,724

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

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 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.

A1 TYRES (U.K.) LIMITED (REGISTERED NUMBER: 07795796)

BALANCE SHEET - continued
30 SEPTEMBER 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 27 June 2025 and were signed on its behalf by:





K S Mitchell - Director


A1 TYRES (U.K.) LIMITED (REGISTERED NUMBER: 07795796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

A1 Tyres (U.K.) 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 (£).


The company's principal place of business is Unit 13, The Glenmore Centre, Honeywood Parkway, Whitfield, Dover, Kent, CT16 3FH.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% 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.

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.

A1 TYRES (U.K.) LIMITED (REGISTERED NUMBER: 07795796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 51,611
Additions 1,832
At 30 September 2024 53,443
DEPRECIATION
At 1 October 2023 38,696
Charge for year 4,072
At 30 September 2024 42,768
NET BOOK VALUE
At 30 September 2024 10,675
At 30 September 2023 12,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,878 6,867
Sundry debtors 9,580 8,193
Directors' current accounts 17,622 18,109
34,080 33,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 101,796 57,300
Tax 47,934 22,815
Social security and other taxes 1,407 11,636
Other creditors 4,800 5,833
Directors' current accounts 1,123 3,771
167,060 111,355

A1 TYRES (U.K.) LIMITED (REGISTERED NUMBER: 07795796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,666 10,000
Bank loans - 2-5 years - 6,666
6,666 16,666

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,750 15,238
Between one and five years 22,396 44,739
33,146 59,977

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

10. RELATED PARTY DISCLOSURES

During the year the directors withdrew £2,161 (2023 - £6,324) from the company. At the year end the company was owed a net amount of £16,499 (2023 - £14,338) by the directors.