| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 December 2023 to 29 November 2024 |
| for |
| Dawson Tyre Services Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 December 2023 to 29 November 2024 |
| for |
| Dawson Tyre Services Limited |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Contents of the Financial Statements |
| for the Period 1 December 2023 to 29 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Dawson Tyre Services Limited |
| Company Information |
| for the Period 1 December 2023 to 29 November 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 10 The Southend |
| Ledbury |
| Herefordshire |
| HR8 2EY |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Balance Sheet |
| 29 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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. |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Balance Sheet - continued |
| 29 November 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Notes to the Financial Statements |
| for the Period 1 December 2023 to 29 November 2024 |
| 1. | STATUTORY INFORMATION |
| Dawson Tyre Services Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
| 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. |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2023 to 29 November 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 December 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 29 November 2024 |
| Depreciation |
| At 1 December 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 29 November 2024 |
| Net book value |
| At 29 November 2024 |
| At 30 November 2023 |
| 5. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Section 455 tax | 16,429 | - |
| Directors' current accounts | 48,678 | 45,368 |
| Prepayments |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2023 to 29 November 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Factoring account | 196,876 | 120,330 |
| Tax |
| Social security and other taxes |
| VAT | 12,889 | 7,847 |
| Other creditors |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Hire purchase contracts |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank overdraft |
| Hire purchase contracts | 89,367 | 68,931 |
| Factoring account | 196,876 | 120,330 |
| All monies due to Skipton Business Finance Limited are secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery dated 25/06/2010. |
| Bank overdraft with HSBC bank plc is secured by a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery by way of debenture dated 02/01/2003. |
| Hire purchase liabilities are secured on the assets to which they relate. |
| Dawson Tyre Services Limited (Registered number: 04542776) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2023 to 29 November 2024 |
| 10. | GOING CONCERN |
| The financial statements have been prepared on a going concern basis as the directors intend to continue to support the company. Support has been provided by a company associated with the directors of this company and this support will continue for the foreseeable future. |
| The directors believe that with the support of the associated company, this company is well placed to manage its financing and other business risks satisfactorily, and there is a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. |
| The financial statements do not include any adjustments that would result from the withdrawal of the directors support. |