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REGISTERED NUMBER: 08251608 (England and Wales)















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: John Alfred Thompson
Catherine Margaret Thompson





Registered office: 106 Markland Hill Lane
Heaton
Bolton
Lancashire
BL1 5NZ





Registered number: 08251608 (England and Wales)





Accountants: Leach Briely
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 36,000 40,000
Tangible assets 5 9,750 13,000
45,750 53,000

Current assets
Stocks 13,500 12,500
Debtors 6 6,740 12,205
Cash at bank and in hand 94,849 105,512
115,089 130,217
Creditors
Amounts falling due within one year 7 191,954 201,803
Net current liabilities (76,865 ) (71,586 )
Total assets less current liabilities (31,115 ) (18,586 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings (31,215 ) (18,686 )
Shareholders' funds (31,115 ) (18,586 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





John Alfred Thompson - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2023
and 31 October 2024 40,000
Amortisation
Amortisation for year 4,000
At 31 October 2024 4,000
Net book value
At 31 October 2024 36,000
At 31 October 2023 40,000

5. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 November 2023
and 31 October 2024 16,000
Depreciation
At 1 November 2023 3,000
Charge for year 3,250
At 31 October 2024 6,250
Net book value
At 31 October 2024 9,750
At 31 October 2023 13,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,678 10,009
Other debtors 2,062 2,196
6,740 12,205

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 15,257 9,533
Taxation and social security 305 871
Other creditors 176,392 191,399
191,954 201,803

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100