Company Registration No. 12934096 (England and Wales)
JASON'S TYRE SERVICES LTD
Annual report and unaudited accounts
for the year ended 31 December 2024
JASON'S TYRE SERVICES LTD
Annual report and unaudited accounts
Contents
JASON'S TYRE SERVICES LTD
Company Information
for the year ended 31 December 2024
Directors
Jason Poland
Jason Poland
Company Number
12934096 (England and Wales)
Registered Office
UNIT 12 CROFTY INDUSTRIAL ESTATE
CROFTY
SWANSEA
SA4 3RS
UNITED KINGDOM
Accountants
Gower Accountancy & Tax Advisory Services Ltd
Unit 47a
Crofty Industrial Estate
Penclawdd
Swansea
Swansea
SA3 3RS
JASON'S TYRE SERVICES LTD
Statement of financial position
as at 31 December 2024
Tangible assets
51,205
51,337
Cash at bank and in hand
10,524
7,390
Creditors: amounts falling due within one year
(138,166)
(128,202)
Net current liabilities
(66,958)
(63,403)
Total assets less current liabilities
(15,753)
(12,066)
Creditors: amounts falling due after more than one year
(21,001)
(19,259)
Net liabilities
(36,754)
(31,325)
Called up share capital
1
1
Profit and loss account
(36,755)
(31,326)
Shareholders' funds
(36,754)
(31,325)
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by
Jason Poland
Director
Company Registration No. 12934096
JASON'S TYRE SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2024
JASON'S TYRE SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 12934096. The registered office is UNIT 12 CROFTY INDUSTRIAL ESTATE, CROFTY, SWANSEA, SA4 3RS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance over 10 years
Motor vehicles
Straight Line over 5 years
Fixtures & fittings
Reducing balance over 10 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
45,461
28,570
4,000
78,031
Additions
-
17,496
-
17,496
Revaluations
-
(28,570)
-
(28,570)
At 31 December 2024
45,461
17,496
4,000
66,957
At 1 January 2024
9,990
15,714
990
26,694
Charge for the year
3,547
425
800
4,772
On disposals
-
(15,714)
-
(15,714)
At 31 December 2024
13,537
425
1,790
15,752
At 31 December 2024
31,924
17,071
2,210
51,205
At 31 December 2023
35,471
12,856
3,010
51,337
JASON'S TYRE SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
2,991
2,804
Other debtors
17,213
5,400
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
6,237
Obligations under finance leases and hire purchase contracts
22,873
6,167
Trade creditors
100,900
101,105
Taxes and social security
2,393
2,044
Other creditors
1,083
1,682
Loans from directors
2,537
6,604
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
21,001
19,259
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).