Company Registration No. 15331736 (England and Wales)
We Fit Tyres Ltd
Unaudited accounts
for the period from 6 December 2023 to 31 December 2024
We Fit Tyres Ltd
Unaudited accounts
Contents
We Fit Tyres Ltd
Company Information
for the period from 6 December 2023 to 31 December 2024
Director
SHARIF, Sherwan Rahman
Company Number
15331736 (England and Wales)
Registered Office
Tyre Shop St. Mary Street
Risca
Newport
NP11 6GQ
United Kingdom
Accountants
XEN ACCOUNTANTS LTD
102 A COMMERCIAL STREET
NEWPORT
NP20 1LU
We Fit Tyres Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
4,901
Creditors: amounts falling due within one year
(19,040)
Total assets less current liabilities
19,612
Creditors: amounts falling due after more than one year
(1,363)
Called up share capital
100
Profit and loss account
18,149
Shareholders' funds
18,249
For the period 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 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 9 August 2025 and were signed on its behalf by
SHARIF, Sherwan Rahman
Director
Company Registration No. 15331736
We Fit Tyres Ltd
Notes to the Accounts
for the period from 6 December 2023 to 31 December 2024
We Fit Tyres Ltd is a private company, limited by shares, registered in England and Wales, registration number 15331736. The registered office is Tyre Shop St. Mary Street, Risca, Newport, NP11 6GQ, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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
20% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
20% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 6 December 2023
-
-
-
-
Additions
9,500
5,100
500
15,100
At 31 December 2024
9,500
5,100
500
15,100
Charge for the period
1,900
765
100
2,765
At 31 December 2024
1,900
765
100
2,765
At 31 December 2024
7,600
4,335
400
12,335
We Fit Tyres Ltd
Notes to the Accounts
for the period from 6 December 2023 to 31 December 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Loans from directors
10,078
7
Creditors: amounts falling due after more than one year
2024
Taxes and social security
1,363
8
Average number of employees
During the period the average number of employees was 2.