Mototrend Tyres Limited - Accounts to registrar (filleted) - small 18.2

Mototrend Tyres Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02174386(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

MOTOTREND TYRES LIMITED

MOTOTREND TYRES LIMITED (REGISTERED NUMBER: 02174386)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTOTREND TYRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: C L Stretton
P A Stretton
J Stretton
H Stretton





REGISTERED OFFICE: Pennine View
Gelderd Road Industrial Estate
Birstall
Batley
West Yorkshire
WF17 9NF





REGISTERED NUMBER: 02174386(England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

MOTOTREND TYRES LIMITED (REGISTERED NUMBER: 02174386)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 688,768 639,127

CURRENT ASSETS
Stocks 946,139 806,906
Debtors 5 1,128,077 1,174,989
Cash at bank and in hand 223,986 345,606
2,298,202 2,327,501
CREDITORS
Amounts falling due within one year 6 2,100,866 2,116,963
NET CURRENT ASSETS 197,336 210,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

886,104

849,665

CREDITORS
Amounts falling due after more than
one year

7

-

(175,000

)

PROVISIONS FOR LIABILITIES (36,176 ) (27,074 )
NET ASSETS 849,928 647,591

MOTOTREND TYRES LIMITED (REGISTERED NUMBER: 02174386)

BALANCE SHEET - continued
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 36,300 36,300
Capital redemption reserve 36,300 36,300
Retained earnings 777,328 574,991
SHAREHOLDERS' FUNDS 849,928 647,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2019and were signed
on its behalf by:




J Stretton- Director



P A Stretton- Director


MOTOTREND TYRES LIMITED (REGISTERED NUMBER: 02174386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Mototrend Tyres 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.

2. ACCOUNTING POLICIES

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

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
statement, except to the extent that it relates to items recognised in other comprehensive income
or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


MOTOTREND TYRES LIMITED (REGISTERED NUMBER: 02174386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42(2018 - 42) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2018 714,382 558,499 1,272,881
Additions - 121,850 121,850
Disposals - (115,060 ) (115,060 )
At 30 September 2019 714,382 565,289 1,279,671
DEPRECIATION
At 1 October 2018 217,749 416,005 633,754
Charge for year 8,848 53,225 62,073
Eliminated on disposal - (104,924 ) (104,924 )
At 30 September 2019 226,597 364,306 590,903
NET BOOK VALUE
At 30 September 2019 487,785 200,983 688,768
At 30 September 2018 496,633 142,494 639,127

MOTOTREND TYRES LIMITED (REGISTERED NUMBER: 02174386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 1,015,749 1,064,826
Other debtors 112,328 110,163
1,128,077 1,174,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 1,819,505 1,840,842
Taxation and social security 200,726 199,548
Other creditors 80,635 76,573
2,100,866 2,116,963

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Other creditors - 175,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
36,300 Ordinary shares 1 36,300 36,300