R J Tyres (Southwest) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07613503 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

R J Tyres (Southwest) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A T Cole

J D Cole

R T Jones

REGISTERED OFFICE:

Southgate House

59 Magdalen Street

Exeter

Devon

EX2 4HY

REGISTERED NUMBER:

07613503 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

Southgate House

59 Magdalen Street

Exeter

Devon

EX2 4HY

FIXED ASSETS

Tangible assets

4

6,093

7,617

CURRENT ASSETS

Stocks

19,220

19,682

Debtors

5

10,031

10,272

Cash at bank

18,944

21,428

48,195

51,382

CREDITORS

Amounts falling due within one year

6

51,612

51,172

NET CURRENT (LIABILITIES)/ASSETS

(3,417

)

210

TOTAL ASSETS LESS CURRENT LIABILITIES

2,676

7,827

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,674

7,825

SHAREHOLDERS' FUNDS

2,676

7,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors on 7 December 2017 and were signed on its behalf by:

A T Cole - Director

1.	STATUTORY INFORMATION

R J Tyres (Southwest) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed going concern and consider that there are no material uncertainties which may

cast significant doubt about the company's ability to continue. As a result, the financial statements have been

prepared using the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the

goods have been physically provided to the customer.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

10,389

3,450

3,308

17,147

DEPRECIATION

At 1 April 2016

5,540

2,037

1,953

9,530

Charge for year

970

283

271

1,524

At 31 March 2017

6,510

2,320

2,224

11,054

NET BOOK VALUE

At 31 March 2017

3,879

1,130

1,084

6,093

At 31 March 2016

4,849

1,413

1,355

7,617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

9,459

10,272

Other debtors

572

-

10,031

10,272

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

15,157

15,298

Corporation Tax

-

292

Social security and other taxes

565

507

VAT

2,299

2,357

Directors' loan accounts

32,831

32,385

Accrued expenses

760

333

51,612

51,172