Humberside Tyres Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01112334 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Humberside Tyres Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L G Carlin

R G Carlin

SECRETARY:

Mrs L M Rookyard

REGISTERED OFFICE:

Witty Street

Manchester Street

Hull

East Yorkshire

HU3 4TX

REGISTERED NUMBER:

01112334 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Tangible assets

2

672,452

687,910

Investments

3

999

673,451

688,909

CURRENT ASSETS

Cash at bank

2,449

675

CREDITORS

Amounts falling due within one year

4

114,322

99,887

NET CURRENT LIABILITIES

(111,873

)

(99,212

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

561,578

589,697

CREDITORS

Amounts falling due after more than one
year

4

6,788

66,836

NET ASSETS

554,790

522,861

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

553,790

521,861

SHAREHOLDERS' FUNDS

554,790

522,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 December 2016 and were signed on its behalf
by:

L G Carlin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Humberside Tyres Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost and not provided

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

772,933

DEPRECIATION

At 1 October 2015

85,023

Charge for year

15,458

At 30 September 2016

100,481

NET BOOK VALUE

At 30 September 2016

672,452

At 30 September 2015

687,910

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

999

NET BOOK VALUE

At 30 September 2016

999

At 30 September 2015

999

The company's investments at the Balance Sheet date in the share capital of companies include the following:

1 Tyremen Limited

Country of incorporation: Great Britain

Nature of business: motor tyres and accessories retailers.

%

Class of shares:

holding

Ordinary

99.00

2016

2015

£

Aggregate capital and reserves

235,083

154,979

Profit/(loss) for the year

93,104

(93,714

)

4.

CREDITORS

Creditors include an amount of £ 66,836 (2015 - £ 126,884 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

6.	RELATED PARTY DISCLOSURES

During the year the company received rent from 1 Tyremen Limited, it's subsidiary company, amounting to

£64,000 (2015 £64,000).

At 30 September 2016 an amount of £40,000 (2015 £37,200) was owed to 1 Tyremen Limited.

7.	CONTROLLING PARTY

The company is controlled by Mr L G Carlin, shareholder and a director.