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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
Page
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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
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JASON'S TYRE SERVICES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,205 
51,337 
Current assets
Inventories
40,480 
33,903 
Debtors
20,204 
23,506 
Cash at bank and in hand
10,524 
7,390 
71,208 
64,799 
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)
Capital and reserves
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
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JASON'S TYRE SERVICES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2024
31,924 
17,071 
2,210 
51,205 
At 31 December 2023
35,471 
12,856 
3,010 
51,337 
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JASON'S TYRE SERVICES LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
15,302 
Accrued income and prepayments
2,991 
2,804 
Other debtors
17,213 
5,400 
20,204 
23,506 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
6,237 
VAT
8,380 
4,363 
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 
138,166 
128,202 
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).
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