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REGISTERED NUMBER: 04556570 (England and Wales)















Wheels & Tyres Direct Limited

Abbreviated Unaudited Accounts

for the Year Ended

31 October 2013





Wheels & Tyres Direct Limited (Registered number: 04556570)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4
Wheels & Tyres Direct Limited

Company Information
for the Year Ended 31 October 2013







DIRECTORS: Miss A Clover
T G Gowing





SECRETARY: Miss A Clover





REGISTERED OFFICE: Unit 2 and 3
Common Lane North
Beccles
Suffolk
NR34 9BL





REGISTERED NUMBER: 04556570 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT
Wheels & Tyres Direct Limited (Registered number: 04556570)

Abbreviated Balance Sheet
31 October 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 42,372 20,315
42,372 20,315

CURRENT ASSETS
Stocks 77,271 83,995
Debtors 148,209 148,062
Cash at bank and in hand 59,123 71,646
284,603 303,703
CREDITORS
Amounts falling due within one year 261,280 259,513
NET CURRENT ASSETS 23,323 44,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,695

64,505

PROVISIONS FOR LIABILITIES 5,726 3,793
NET ASSETS 59,969 60,712

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 59,869 60,612
SHAREHOLDERS' FUNDS 59,969 60,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 10 January 2014 and were signed on its behalf by:





T G Gowing - Director

Wheels & Tyres Direct Limited (Registered number: 04556570)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents goods and services supplied during the year, exclusive of Value Added Tax.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the
identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life of
ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable
taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012
and 31 October 2013 15,400
AMORTISATION
At 1 November 2012
and 31 October 2013 15,400
NET BOOK VALUE

At 31 October 2013 -
At 31 October 2012 -
Wheels & Tyres Direct Limited (Registered number: 04556570)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012 155,436
Additions 32,238
Disposals (6,000 )
At 31 October 2013 181,674
DEPRECIATION
At 1 November 2012 135,121
Charge for year 8,489
Eliminated on disposal (4,308 )
At 31 October 2013 139,302
NET BOOK VALUE
At 31 October 2013 42,372
At 31 October 2012 20,315

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary £1 100 100

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