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REGISTERED NUMBER: 04542776 (England and Wales)












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: Mrs V J Dawson
T M S Davis
A D Fletcher





Registered office: Unit 34-35 Staunton Court Ledbury Road
Staunton
Gloucester
GL19 3QS





Registered number: 04542776 (England and Wales)





Accountants: Crowthers Chartered 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 4 126,177 115,561

CURRENT ASSETS
Stocks 5 102,973 101,684
Debtors 6 420,092 326,026
Cash at bank and in hand 119 6,366
523,184 434,076
CREDITORS
Amounts falling due within one year 7 697,878 506,639
NET CURRENT LIABILITIES (174,694 ) (72,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,517

)

42,998

CREDITORS
Amounts falling due after more than one
year

8

71,358

68,206
NET LIABILITIES (119,875 ) (25,208 )

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (119,985 ) (25,318 )
(119,875 ) (25,208 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

Dawson Tyre Services Limited (Registered number: 04542776)

Balance Sheet - continued
29 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





Mrs V J Dawson - Director


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 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 December 2023 82,789 20,910 98,985 2,389 205,073
Additions 2,138 - 38,487 - 40,625
Disposals - - (18,500 ) - (18,500 )
At 29 November 2024 84,927 20,910 118,972 2,389 227,198
Depreciation
At 1 December 2023 44,908 19,288 25,226 90 89,512
Charge for period 5,879 244 17,164 344 23,631
Eliminated on disposal - - (12,122 ) - (12,122 )
At 29 November 2024 50,787 19,532 30,268 434 101,021
Net book value
At 29 November 2024 34,140 1,378 88,704 1,955 126,177
At 30 November 2023 37,881 1,622 73,759 2,299 115,561

5. STOCKS
2024 2023
£    £   
Stocks 102,973 101,684

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 346,609 262,273
Other debtors - 10,857
Section 455 tax 16,429 -
Directors' current accounts 48,678 45,368
Prepayments 8,376 7,528
420,092 326,026

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 30,431 11,333
Hire purchase contracts 22,543 16,154
Trade creditors 396,946 330,223
Factoring account 196,876 120,330
Tax 16,429 -
Social security and other taxes 6,253 6,012
VAT 12,889 7,847
Other creditors 9,145 8,291
Accrued expenses 6,366 6,449
697,878 506,639

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,534 15,429
Hire purchase contracts 66,824 52,777
71,358 68,206

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 19,563 -
Hire purchase contracts 89,367 68,931
Factoring account 196,876 120,330
305,806 189,261

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.