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REGISTERED NUMBER: 04968723 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 30 November 2024

for

Queens Park Tyres Ltd

Queens Park Tyres Ltd (Registered number: 04968723)






Contents of the Financial Statements
for the Period 1 July 2023 to 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Queens Park Tyres Ltd

Company Information
for the Period 1 July 2023 to 30 November 2024







DIRECTORS: V Salmons
Mrs W Salmons





REGISTERED OFFICE: Suite 8
Stonebridge House
Main Road
Hockley
Essex
SS5 4JH





REGISTERED NUMBER: 04968723 (England and Wales)





ACCOUNTANTS: P. A. Davies & Co
Suite 8
Stonebridge House
Main Road
Hockley
Essex
SS54JH

Queens Park Tyres Ltd (Registered number: 04968723)

Balance Sheet
30 November 2024

30.11.24 30.6.23
Notes £ £
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 185,623 115,194
185,623 121,194

CURRENT ASSETS
Stocks 49,531 53,454
Debtors 6 39,498 39,181
Cash at bank and in hand 935,961 834,631
1,024,990 927,266
CREDITORS
Amounts falling due within one year 7 (521,884 ) (566,507 )
NET CURRENT ASSETS 503,106 360,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,729

481,953

CREDITORS
Amounts falling due after more than one
year

8

(5,703

)

(19,821

)

PROVISIONS FOR LIABILITIES (41,722 ) (20,363 )
NET ASSETS 641,304 441,769

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 641,300 441,765
SHAREHOLDERS' FUNDS 641,304 441,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

Queens Park Tyres Ltd (Registered number: 04968723)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





V Salmons - Director


Queens Park Tyres Ltd (Registered number: 04968723)

Notes to the Financial Statements
for the Period 1 July 2023 to 30 November 2024

1. STATUTORY INFORMATION

Queens Park Tyres Ltd 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 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 2004, is being amortised evenly over its estimated useful life of twenty 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 etc - 25% on reducing balance and 15% 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 period 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 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.

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.

Queens Park Tyres Ltd (Registered number: 04968723)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 30 November 2024

2. ACCOUNTING POLICIES - continued

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 period was 17 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 November 2024 120,000
AMORTISATION
At 1 July 2023 114,000
Charge for period 6,000
At 30 November 2024 120,000
NET BOOK VALUE
At 30 November 2024 -
At 30 June 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 358,571
Additions 112,119
Disposals (14,000 )
At 30 November 2024 456,690
DEPRECIATION
At 1 July 2023 243,377
Charge for period 32,713
Eliminated on disposal (5,023 )
At 30 November 2024 271,067
NET BOOK VALUE
At 30 November 2024 185,623
At 30 June 2023 115,194

Queens Park Tyres Ltd (Registered number: 04968723)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.6.23
£ £
Trade debtors 35,603 27,835
Other debtors 3,895 11,346
39,498 39,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.6.23
£ £
Bank loans and overdrafts 10,000 10,648
Hire purchase contracts - 6,983
Trade creditors 365,881 425,046
Taxation and social security 104,580 76,553
Other creditors 41,423 47,277
521,884 566,507

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.6.23
£ £
Bank loans 5,703 19,223
Hire purchase contracts - 598
5,703 19,821