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REGISTERED NUMBER: 07586623 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

BOWER LANE TYRES LIMITED

BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 9

BOWER LANE TYRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: I D Tutt
M Tutt





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 07586623 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
55 Loundoun Road
St John's Wood
London
NW8 0DL

BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,905 10,207
15,905 10,207

CURRENT ASSETS
Stocks 65,000 65,000
Debtors 6 244,183 279,503
Cash at bank and in hand 248,190 137,264
557,373 481,767
CREDITORS
Amounts falling due within one year 7 (441,971 ) (466,830 )
NET CURRENT ASSETS 115,402 14,937
TOTAL ASSETS LESS CURRENT LIABILITIES 131,307 25,144

CREDITORS
Amounts falling due after more than one year 8 (9,005 ) (19,026 )

PROVISIONS FOR LIABILITIES 10 (3,976 ) (2,552 )
NET ASSETS 118,326 3,566

BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 118,226 3,466
SHAREHOLDERS' FUNDS 118,326 3,566

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





I D Tutt - Director


BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Bower Lane Tyres 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023 100,000
Disposals (100,000 )
At 31 July 2024 -
AMORTISATION
At 1 August 2023 100,000
Eliminated on disposal (100,000 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023 28,098
Additions 11,000
At 31 July 2024 39,098
DEPRECIATION
At 1 August 2023 17,891
Charge for year 5,302
At 31 July 2024 23,193
NET BOOK VALUE
At 31 July 2024 15,905
At 31 July 2023 10,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 32,127 85,275
Amounts owed by group undertakings 207,163 158,259
Other debtors 4,893 35,969
244,183 279,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 318,379 389,656
Amounts owed to group undertakings - 12,378
Taxation and social security 97,009 49,414
Other creditors 16,583 5,382
441,971 466,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 9,005 19,026

BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,005 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,026

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 3,976 2,552

Deferred
tax
£   
Balance at 1 August 2023 2,552
Provided during year 1,424
Balance at 31 July 2024 3,976

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100

BOWER LANE TYRES LIMITED (REGISTERED NUMBER: 07586623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


12. RESERVES
Retained
earnings
£   

At 1 August 2023 3,466
Profit for the year 144,760
Dividends (30,000 )
At 31 July 2024 118,226

13. RELATED PARTY DISCLOSURES

Mr I Tutt and Mrs M Tutt

Directors


During the year the following transactions took place between the company and directors:

2024 2023
£ £

Advances by the directors to the company 4,692 4,314
Repayments by the company to the directors 34,413 15,400
Dividends paid to directors 30,000 20,000
Amount owed from/(to) director from company at balance sheet date (117 ) 162

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BOWER LANE TYRES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bower Lane Tyres Limited for the year ended 31 July 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bower Lane Tyres Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bower Lane Tyres Limited and state those matters that we have agreed to state to the Board of Directors of Bower Lane Tyres Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bower Lane Tyres Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bower Lane Tyres Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bower Lane Tyres Limited. You consider that Bower Lane Tyres Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bower Lane Tyres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
55 Loundoun Road
St John's Wood
London
NW8 0DL


31 July 2025