Company Registration No. 12340638 (England and Wales)
AYAZ TYRES & WHEELS LTD
Unaudited accounts
for the year ended 30 November 2024
AYAZ TYRES & WHEELS LTD
Unaudited accounts
Contents
AYAZ TYRES & WHEELS LTD
Company Information
for the year ended 30 November 2024
Company Number
12340638 (England and Wales)
Registered Office
422-428 Whalebone Lane South
Chadwell Heath
Romford
Essex
RM6 6HP
England
AYAZ TYRES & WHEELS LTD
Statement of financial position
as at 30 November 2024
Tangible assets
2,606
3,179
Cash at bank and in hand
1,070
515
Creditors: amounts falling due within one year
(44,383)
(30,503)
Net current liabilities
(37,790)
(28,038)
Total assets less current liabilities
(35,184)
(24,859)
Creditors: amounts falling due after more than one year
(14,496)
(16,430)
Net liabilities
(49,680)
(41,289)
Called up share capital
1
1
Profit and loss account
(49,681)
(41,290)
Shareholders' funds
(49,680)
(41,289)
For the year ending 30 November 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 her 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 26 August 2025 and were signed on its behalf by
Sofia Rifat AYAZ
Director
Company Registration No. 12340638
AYAZ TYRES & WHEELS LTD
Notes to the Accounts
for the year ended 30 November 2024
AYAZ TYRES & WHEELS LTD is a private company, limited by shares, registered in England and Wales, registration number 12340638. The registered office is 422-428 Whalebone Lane South, Chadwell Heath, Romford, Essex, RM6 6HP, 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.
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.
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
18% on reducing balance
Motor vehicles
18% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2023
5,063
1,970
7,033
At 30 November 2024
5,063
1,970
7,033
At 1 December 2023
2,774
1,080
3,854
Charge for the year
413
160
573
At 30 November 2024
3,187
1,240
4,427
At 30 November 2024
1,876
730
2,606
At 30 November 2023
2,289
890
3,179
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
17,000
11,000
Loans from directors
25,519
18,315
AYAZ TYRES & WHEELS LTD
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).