Company Registration No. 04524580 (England and Wales)
Essex Tyre Company Ltd
Unaudited accounts
for the year ended 31 October 2024
Essex Tyre Company Ltd
Unaudited accounts
Contents
Essex Tyre Company Ltd
Company Information
for the year ended 31 October 2024
Director
Mr Stephen Branston
Company Number
04524580 (England and Wales)
Registered Office
UNIT 10F WHITESBRIDGE FARM INDUSTRIAL ES
CRAYS HILL
BILLERICAY
ESSEX
CM11 2UL
ENGLAND
Accountants
Carmar Accountancy and Bookkeeping Ltd
801 London Road
Westcliff-on-Sea
Essex
SS0 9SY
Essex Tyre Company Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
4,813
5,755
Creditors: amounts falling due within one year
(61,939)
(59,055)
Net current liabilities
(9,407)
(5,538)
Net (liabilities)/assets
(4,594)
217
Called up share capital
100
100
Profit and loss account
(4,694)
117
Shareholders' funds
(4,594)
217
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 4 July 2025 and were signed on its behalf by
Mr Stephen Branston
Director
Company Registration No. 04524580
Essex Tyre Company Ltd
Notes to the Accounts
for the year ended 31 October 2024
Essex Tyre Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 04524580. The registered office is UNIT 10F WHITESBRIDGE FARM INDUSTRIAL ES, CRAYS HILL, BILLERICAY, ESSEX, CM11 2UL, ENGLAND.
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
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
18,658
9,150
27,808
At 31 October 2024
18,658
9,150
27,808
At 1 November 2023
13,686
8,367
22,053
Charge for the year
746
196
942
At 31 October 2024
14,432
8,563
22,995
At 31 October 2024
4,226
587
4,813
At 31 October 2023
4,972
783
5,755
Essex Tyre Company Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,154
7,811
Trade creditors
49,448
44,033
Taxes and social security
513
997
Loans from directors
(2,406)
963
Included within Creditors is a Loan Account to the Director. £2,406.00 was paid in between May 25 and July 25 which repaid the loan in full.
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).