Registered number
09777884
Absolute Tyres Limited
Filleted Accounts
30 September 2024
Absolute Tyres Limited
Registered number: 09777884
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Stock of used vehicles and other 57,653 11,133
Debtors 4 3,770 4,840
Cash at bank and in hand 18,455 46,160
79,878 62,133
Creditors: amounts falling due within one year 5 (29,717) (36,351)
Net current assets 50,161 25,782
Total assets less current liabilities 50,161 25,782
Creditors: amounts falling due after more than one year 6 (6,033) (11,066)
Net assets 44,128 14,716
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 39,128 9,716
Shareholders' funds 44,128 14,716
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Nayeb
Director
Approved by the board on 18 June 2025
Absolute Tyres Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Stocks
Stocks are measured at the lower of cost and net realisable value.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 5,900
At 30 September 2024 5,900
Depreciation
At 1 October 2023 5,900
At 30 September 2024 5,900
Net book value
At 30 September 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 3,770 4,840
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,172 5,107
Trade creditors 4,297 5,544
Taxation and social security costs 16,238 9,535
Other creditors 4,010 16,165
29,717 36,351
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,033 11,066
7 Other information
Absolute Tyres Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Wellinghton Road
Crowthorne
Berkshire
RG45 7LJ
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