Company Registration No. 10673814 (England and Wales)
AMC TYRES LTD
Unaudited accounts
for the year ended 31 March 2019
AMC TYRES LTD
Unaudited accounts
Contents
AMC TYRES LTD
Company Information
for the year ended 31 March 2019
Director
Mehboob Nabi Ahmad Chaudhry
Company Number
10673814 (England and Wales)
Registered Office
45 BRIGSTOCK ROAD
THORNTON HEATH
CR7 7JH
UNITED KINGDOM
Accountants
S Bowry
Weatherill House Business Centre
23 Whitestone Way
Croydon
Surrey
CR0 4WF
AMC TYRES LTD
Statement of financial position
as at
31 March 2019
Tangible assets
10,665
3,738
Cash at bank and in hand
6,229
5,900
Creditors: amounts falling due within one year
(19,102)
(11,671)
Net current liabilities
(5,508)
(1,421)
Called up share capital
1
1
Profit and loss account
5,156
2,316
Shareholders' funds
5,157
2,317
For the year ending 31 March 2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2020 and were signed on its behalf by
Mehboob Nabi Ahmad Chaudhry
Director
Company Registration No. 10673814
AMC TYRES LTD
Notes to the Accounts
for the year ended 31 March 2019
AMC TYRES LTD is a private company, limited by shares, registered in England and Wales, registration number 10673814. The registered office is 45 BRIGSTOCK ROAD, THORNTON HEATH, CR7 7JH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - Reducing basis
Fixtures & fittings
20% - Reducing basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
AMC TYRES LTD
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
-
4,153
4,153
Additions
7,200
1,223
8,423
At 31 March 2019
7,200
5,376
12,576
At 1 April 2018
-
415
415
Charge for the year
504
992
1,496
At 31 March 2019
504
1,407
1,911
At 31 March 2019
6,696
3,969
10,665
At 31 March 2018
-
3,738
3,738
Finished goods
5,150
4,350
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
32
660
Loans from directors
3,532
3,730
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).