Registered Number
:
07306893
|
For the year ended 31 May 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2021
CHISWICK TYRES LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
CHISWICK TYRES LIMITED
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
6,300
6,860
2
6,300
6,860
16,400
20,000
3
39,215
Cash and cash equivalents
|
30,986
50,986
55,615
Trade and other payables
:
amounts falling due within one
|
year
|
(21,517)
(36,901)
4
34,098
14,085
Net current assets
Total assets less current liabilities
|
20,385
40,958
Trade and other payables
:
amounts falling due after more
|
than one year
|
(40,000)
(34,408)
5
(14,023)
Net assets/liabilities
958
100
100
(14,123)
858
(14,023)
958
Shareholders' funds
For the year ended 31 May 2021 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 of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
MR HUMAYUN ALIZADA Director
|
These financial statements were approved and authorised for issue by the Board on 23 October 2021 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 May 2021
CHISWICK TYRES LIMITED
Notes to the Financial Statements
Statutory Information
CHISWICK TYRES LIMITED is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
07306893
.
|
141-143 GREEN LANES
PALMERS GREEN
LONDON
N13 4SP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
For the year ended 31 May 2021
CHISWICK TYRES LIMITED
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
16,983
480
756
15,747
15,747
756
480
16,983
Provision for depreciation and impairment
|
10,123
420
456
9,247
Charge for year
560
10
50
500
10,683
430
506
9,747
6,000
250
50
6,300
6,500
300
60
6,860
2020
2021
20,000
16,400
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
-
384
15,498
1
Taxation and social security
|
594
323
20,809
20,809
36,901
21,517
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
34,408
40,000
6
.
Average number of persons employed
|
During the year the average number of employees was 0 (2020 : 1)
3 of 4
For the year ended 31 May 2021
CHISWICK TYRES LIMITED
Notes to the Financial Statements Continued
4 of 4