REGISTERED NUMBER: SC373325 (Scotland)

Abbreviated Accounts

for the Year Ended 28 February 2013

for

Aberdeen Tyres Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S A Sorley

SECRETARY:

REGISTERED OFFICE:

12 Cables Lane

Aberdeen

AB11 9AD

REGISTERED NUMBER:

SC373325 (Scotland)

ACCOUNTANTS:

Michael Robb (Acc. & Tax. Services) Ltd

Kirkton Cottage

Wellington Road

Aberdeen

Grampian

AB12 3JB

BANKERS:

Bank of Scotland

8 Lochside Avenue

Edinburgh

EH12 9DJ

FIXED ASSETS

Tangible assets

2

14,015

1,505

CURRENT ASSETS

Stocks

36,275

20,250

Debtors

3,783

-

Cash in hand

46

-

40,104

20,250

CREDITORS

Amounts falling due within one year

72,989

11,392

NET CURRENT (LIABILITIES)/ASSETS

(32,885

)

8,858

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,870

)

10,363

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(18,871

)

10,362

SHAREHOLDERS' FUNDS

(18,870

)

10,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 March 2014 and were signed by:

Mr S A Sorley - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2012

1,654

Additions

13,148

At 28 February 2013

14,802

DEPRECIATION

At 1 March 2012

149

Charge for year

638

At 28 February 2013

787

NET BOOK VALUE

At 28 February 2013

14,015

At 29 February 2012

1,505

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.13

29.2.12

value:

£

£

1

ordinary

1

1

1