TYRES 2 GO LIMITED


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Company Registration No. 06247955 (England and Wales)
TYRES 2 GO LIMITED Abbreviated unaudited accounts for the year ended 31 May 2016
TYRES 2 GO LIMITED Abbreviated Balance Sheet as at 31 May 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,541 
18,482 
Current assets
Stocks
53,120 
48,525 
Debtors
5,222 
5,519 
Cash at bank and in hand
10,578 
15,170 
68,920 
69,214 
Creditors: amounts falling due within one year
(110,657)
(74,849)
Net current liabilities
(41,737)
(5,635)
Net (liabilities)/assets
(9,196)
12,847 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(9,198)
12,845 
Total shareholders' funds
(9,196)
12,847 
For the year ending 31 May 2016 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 16 February 2017
S AKHTAR Director Company Registration No. 06247955
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TYRES 2 GO LIMITED Notes to the Abbreviated Accounts for the year ended 31 May 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% reducing balance
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
2
Tangible fixed assets
£ 
Cost
At 1 June 2015
58,502 
Additions
17,755 
At 31 May 2016
76,257 
Depreciation
At 1 June 2015
40,020 
Charge for the year
3,696 
At 31 May 2016
43,716 
Net book value
At 31 May 2016
32,541 
At 31 May 2015
18,482 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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