G.W. COMMERCIAL TYRES LTD.

G.W. COMMERCIAL TYRES LTD.

G.W. COMMERCIAL TYRES LTD. - Company Information

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G.W. COMMERCIAL TYRES LTD.

Company Registration Number:
02920483 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

G.W. COMMERCIAL TYRES LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

G.W. COMMERCIAL TYRES LTD.

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 11,720 12,501
Tangible assets: 3 194,533 213,389
Investments: 4 103,581 103,581
Total fixed assets: 309,834 329,471
Current assets
Stocks: 180,231 191,716
Debtors: 5 298,238 212,241
Cash at bank and in hand: 364,429 569,131
Total current assets: 842,898 973,088
Creditors: amounts falling due within one year:   (182,743) (230,138)
Net current assets (liabilities): 660,155 742,950
Total assets less current liabilities: 969,989 1,072,421
Creditors: amounts falling due after more than one year:     (12,050)
Provision for liabilities: (18,240) (18,240)
Total net assets (liabilities): 951,749 1,042,131
Capital and reserves
Called up share capital: 1,050 1,050
Profit and loss account: 950,699 1,041,081
Shareholders funds: 951,749 1,042,131

The notes form part of these financial statements

G.W. COMMERCIAL TYRES LTD.

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 December 2017
and signed on behalf of the board by:

Name: D J Guiler
Status: Director

The notes form part of these financial statements

G.W. COMMERCIAL TYRES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

G.W. COMMERCIAL TYRES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Intangible Assets

Total
Cost £
At 01 April 2016 15,625
At 31 March 2017 15,625
Amortisation
At 01 April 2016 3,124
Charge for year 781
At 31 March 2017 3,905
Net book value
At 31 March 2017 11,720
At 31 March 2016 12,501

G.W. COMMERCIAL TYRES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2017


3. Tangible Assets

Total
Cost £
At 01 April 2016 388,216
Additions 120,921
Disposals (129,415)
At 31 March 2017 379,722
Depreciation
At 01 April 2016 174,827
Charge for year 25,421
On disposals (15,059)
At 31 March 2017 185,189
Net book value
At 31 March 2017 194,533
At 31 March 2016 213,389

G.W. COMMERCIAL TYRES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Fixed investments


Shares in group undertakings £103,581 (2016: £103,581).

G.W. COMMERCIAL TYRES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2017

5. Debtors


2017
£
2016
£
Debtors due after more than one year: 0 0