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Company Registration No. 11469924 (England and Wales)
The Tyre Shop Cheshunt Ltd Unaudited accounts for the year ended 31 July 2024
The Tyre Shop Cheshunt Ltd Unaudited accounts Contents
Page
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The Tyre Shop Cheshunt Ltd Company Information for the year ended 31 July 2024
Director
Atiquillah Nadeem
Company Number
11469924 (England and Wales)
Registered Office
4 Fairways New River Trading Estate Cheshunt Waltham Cross Hertfordshire EN8 0NJ England
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The Tyre Shop Cheshunt Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,219 
41,261 
Current assets
Inventories
26,277 
38,000 
Debtors
- 
100 
Cash at bank and in hand
26,804 
11,067 
53,081 
49,167 
Creditors: amounts falling due within one year
(6,841)
(7,005)
Net current assets
46,240 
42,162 
Total assets less current liabilities
85,459 
83,423 
Creditors: amounts falling due after more than one year
(62,193)
(72,789)
Net assets
23,266 
10,634 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,166 
10,534 
Shareholders' funds
23,266 
10,634 
For the year ending 31 July 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 29 July 2025 and were signed on its behalf by
Atiquillah Nadeem Director Company Registration No. 11469924
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The Tyre Shop Cheshunt Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
The Tyre Shop Cheshunt Ltd is a private company, limited by shares, registered in England and Wales, registration number 11469924. The registered office is 4 Fairways, New River Trading Estate, Cheshunt, Waltham Cross, Hertfordshire, EN8 0NJ, 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.
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
15% on cost
Fixtures & fittings
Fixtures and fittings - 10%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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The Tyre Shop Cheshunt Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
27,648 
13,613 
41,261 
At 31 July 2024
27,648 
13,613 
41,261 
Depreciation
Charge for the year
- 
2,042 
2,042 
At 31 July 2024
- 
2,042 
2,042 
Net book value
At 31 July 2024
27,648 
11,571 
39,219 
At 31 July 2023
27,648 
13,613 
41,261 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,879 
4,438 
Trade creditors
1,998 
533 
Taxes and social security
2,964 
2,034 
6,841 
7,005 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
62,193 
72,789 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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