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REGISTERED NUMBER: 05591997 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

D.M.E. Tyres Limited

D.M.E. Tyres Limited (Registered number: 05591997)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

D.M.E. Tyres Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: K M Plaster
D A W Clarke





SECRETARY: Mrs L C Clarke





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 05591997 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

D.M.E. Tyres Limited (Registered number: 05591997)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,500 5,000
Tangible assets 5 482,132 542,254
Investments 6 1 1
484,633 547,255

CURRENT ASSETS
Stocks 12,025 11,750
Debtors 7 258,362 348,127
Cash at bank and in hand 451,253 373,639
721,640 733,516
CREDITORS
Amounts falling due within one year 8 (712,196 ) (618,056 )
NET CURRENT ASSETS 9,444 115,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,077

662,715

CREDITORS
Amounts falling due after more than one
year

9

(35,904

)

(81,715

)
NET ASSETS 458,173 581,000

CAPITAL AND RESERVES
Called up share capital 12 50,000 50,000
Revaluation reserve 13 32,387 32,387
Retained earnings 13 375,786 498,613
SHAREHOLDERS' FUNDS 458,173 581,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

D.M.E. Tyres Limited (Registered number: 05591997)

Balance Sheet - continued
31 December 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





D A W Clarke - Director


D.M.E. Tyres Limited (Registered number: 05591997)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

D.M.E. 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 (£).


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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

D.M.E. Tyres Limited (Registered number: 05591997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 50,000
AMORTISATION
At 1 January 2024 45,000
Charge for year 2,500
At 31 December 2024 47,500
NET BOOK VALUE
At 31 December 2024 2,500
At 31 December 2023 5,000

D.M.E. Tyres Limited (Registered number: 05591997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 1,015,038
Additions 80,245
Disposals (34,000 )
At 31 December 2024 1,061,283
DEPRECIATION
At 1 January 2024 472,784
Charge for year 126,133
Eliminated on disposal (19,766 )
At 31 December 2024 579,151
NET BOOK VALUE
At 31 December 2024 482,132
At 31 December 2023 542,254

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2008 43,735
Valuation in 2019 (11,348 )
Cost 1,028,896
1,061,283

D.M.E. Tyres Limited (Registered number: 05591997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 323,772
Transfer to ownership (49,461 )
At 31 December 2024 274,311
DEPRECIATION
At 1 January 2024 102,780
Charge for year 48,819
Transfer to ownership (38,742 )
At 31 December 2024 112,857
NET BOOK VALUE
At 31 December 2024 161,454
At 31 December 2023 220,992

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,924 243,734
Amounts owed by group undertakings 14,803 54,198
Other debtors 44,635 50,195
258,362 348,127

D.M.E. Tyres Limited (Registered number: 05591997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 68,359 89,636
Trade creditors 165,915 186,113
Amounts owed to group undertakings 178,699 43,699
Taxation and social security 122,940 110,397
Other creditors 176,283 188,211
712,196 618,056

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 35,904 81,715

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 68,359 89,636
Between one and five years 35,904 81,715
104,263 171,351

Non-cancellable operating leases
2024 2023
£    £   
Within one year 41,900 41,900
Between one and five years 10,475 52,375
52,375 94,275

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 104,263 171,351

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

D.M.E. Tyres Limited (Registered number: 05591997)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 498,613 32,387 531,000
Profit for the year 77,173 77,173
Dividends (200,000 ) (200,000 )
At 31 December 2024 375,786 32,387 408,173

14. ULTIMATE CONTROLLING PARTY

The controlling party is Bilken Holdings Limited.

The ultimate controlling party is K M Plaster and D A W Clarke.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D.M.E. Tyres Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D.M.E. Tyres Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D.M.E. Tyres Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D.M.E. Tyres Limited and state those matters that we have agreed to state to the Board of Directors of D.M.E. Tyres Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D.M.E. Tyres Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D.M.E. Tyres Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D.M.E. Tyres Limited. You consider that D.M.E. Tyres Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D.M.E. Tyres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


4 March 2025