| REGISTERED NUMBER: |
| J.A. Tyre Services Limited |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| REGISTERED NUMBER: |
| J.A. Tyre Services Limited |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| J.A. Tyre Services Limited (Registered number: 08251608) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| J.A. Tyre Services Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Craven House |
| 32 Lee Lane |
| Horwich |
| Bolton |
| Greater Manchester |
| BL6 7BY |
| J.A. Tyre Services Limited (Registered number: 08251608) |
| Statement of Financial Position |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| J.A. Tyre Services Limited (Registered number: 08251608) |
| Statement of Financial Position - continued |
| 31 October 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| J.A. Tyre Services Limited (Registered number: 08251608) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | Statutory information |
| J.A. Tyre Services Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the total invoice value, excluding Value Added Tax, of mobile tyre fitting and related services provided during the year. |
| Goodwill |
| Goodwill, being the amount paid on aquisition of the business is being amortised evenly over its estimated useful life of 10 years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Motor vehicles | - |
| Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
| Stocks |
| Stocks are measured at estimated cost. |
| Financial instruments |
| The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
| Going concern |
| The company relies upon the financial support of its creditors, particularly its directors to facilitate a continuation of its trading activity. The directors have agreed to only withdraw from their loan accounts in small tranches, as and when cashflow permits. Therefore the directors are able to prepare the financial statements on the basis of the going concern concept. |
| J.A. Tyre Services Limited (Registered number: 08251608) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 November 2023 |
| and 31 October 2024 |
| Amortisation |
| Amortisation for year |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| 5. | Tangible fixed assets |
| Motor |
| vehicles |
| £ |
| Cost |
| At 1 November 2023 |
| and 31 October 2024 |
| Depreciation |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| J.A. Tyre Services Limited (Registered number: 08251608) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |