TYRE_CARE_LIMITED - Accounts

TYRE CARE LIMITED - Company Information

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Company Registration No. 2965192 (England and Wales)

TYRE CARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

TYRE CARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TYRE CARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

65,279

42,494

Current assets

Stocks

65,823

78,724

Debtors

142,744

155,297

Cash at bank and in hand

303,159

200,700

511,726

434,721

Creditors: amounts falling due within one year

(402,786)

(326,700)

Net current assets

108,940

108,021

Total assets less current liabilities

174,219

150,515

Provisions for liabilities

(5,511)

(6,165)

168,708

144,350

Capital and reserves

Called up share capital

100

Profit and loss account

168,608

144,250

Shareholders' funds

168,708

144,350

TYRE CARE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 November 2016

Mr R Ellis

Director

Company Registration No. 2965192

TYRE CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Tenant improvements

10% straight line

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stocks.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TYRE CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

212,012

Additions

41,266

Disposals

(26,019)

At 30 April 2016

227,259

Depreciation

At 1 May 2015

169,519

On disposals

(23,052)

Charge for the year

15,513

At 30 April 2016

161,980

Net book value

At 30 April 2016

65,279

At 30 April 2015

42,494

Share capital

2016

2015

Allotted, called up and fully paid

43 Ordinary A shares of £1 each

43 Ordinary B shares of £1 each

2 Ordinary C shares of £1 each

12 Ordinary D shares of £1 each

100