Roger Barnes Tyres Ltd
Statement of financial position
as at 30 June 2025
Intangible assets
2,300
2,300
Tangible assets
29,357
30,739
Cash at bank and in hand
11,219
24,855
Creditors: amounts falling due within one year
(24,769)
(9,718)
Net current assets
12,647
41,950
Total assets less current liabilities
44,304
74,989
Creditors: amounts falling due after more than one year
(7,316)
(11,383)
Profit and loss account
36,988
63,606
Shareholders' funds
36,988
63,606
For the year ending 30 June 2025 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 his 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 30 August 2025 and were signed on its behalf by
Roger Barnes
Director
Company Registration No. 13466101
Roger Barnes Tyres Ltd
Notes to the Accounts
for the year ended 30 June 2025
Roger Barnes Tyres Ltd is a private company, limited by shares, registered in England and Wales, registration number 13466101. The registered office is 204 LINCOLN ROAD, SKEGNESS, PE25 2PB, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
15% reducing balance
4
Intangible fixed assets
Goodwill
Roger Barnes Tyres Ltd
Notes to the Accounts
for the year ended 30 June 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
14,539
27,440
583
42,562
At 30 June 2025
19,584
27,440
583
47,607
At 1 July 2024
4,570
7,203
50
11,823
Charge for the year
1,288
5,059
80
6,427
At 30 June 2025
5,858
12,262
130
18,250
At 30 June 2025
13,726
15,178
453
29,357
At 30 June 2024
9,969
20,237
533
30,739
Amounts falling due within one year
Trade debtors
11,197
11,813
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
13,350
14,850
Taxes and social security
1,201
3,894
Proposed dividends
9,670
-
Loans from directors
-
(9,408)
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
7,316
11,383
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).