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REGISTERED NUMBER: 01680596 (England and Wales)















SCHWALBE TYRES UK LIMITED

Financial Statements for the Year Ended 31 December 2024






SCHWALBE TYRES UK LIMITED (REGISTERED NUMBER: 01680596)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCHWALBE TYRES UK LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: F Bohle
D R Taylor





SECRETARY: K D Hodson





REGISTERED OFFICE: Schwalbe Centre
Hortonwood 30
Telford
Shropshire
TF1 7ET





REGISTERED NUMBER: 01680596 (England and Wales)





AUDITORS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

SCHWALBE TYRES UK LIMITED (REGISTERED NUMBER: 01680596)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,804,895 2,953,551

CURRENT ASSETS
Stocks 3,011,222 3,958,049
Debtors 5 490,133 528,533
Cash at bank 2,098,856 902,908
5,600,211 5,389,490
CREDITORS
Amounts falling due within one year 6 1,193,859 715,414
NET CURRENT ASSETS 4,406,352 4,674,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,211,247

7,627,627

PROVISIONS FOR LIABILITIES 83,787 107,345
NET ASSETS 7,127,460 7,520,282

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 7,027,460 7,420,282
SHAREHOLDERS' FUNDS 7,127,460 7,520,282

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 and authorised for issue on 19 March 2025 and were signed on its behalf by:





D R Taylor - Director


SCHWALBE TYRES UK LIMITED (REGISTERED NUMBER: 01680596)

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


1. STATUTORY INFORMATION

Schwalbe Tyres UK 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.

Significant judgements and estimates
Management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

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 each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 30% on cost

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

Cost is calculated using the average cost method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


SCHWALBE TYRES UK LIMITED (REGISTERED NUMBER: 01680596)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 16 (2023 - 16 ) .

SCHWALBE TYRES UK LIMITED (REGISTERED NUMBER: 01680596)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 3,035,166 805,400 510,353 221,233 4,572,152
Additions - - 11,489 - 11,489
Disposals - (9,463 ) (161,172 ) - (170,635 )
At 31 December 2024 3,035,166 795,937 360,670 221,233 4,413,006
DEPRECIATION
At 1 January 2024 506,094 532,203 404,112 176,192 1,618,601
Charge for year 54,519 40,937 50,895 13,794 160,145
Eliminated on disposal - (9,463 ) (161,172 ) - (170,635 )
At 31 December 2024 560,613 563,677 293,835 189,986 1,608,111
NET BOOK VALUE
At 31 December 2024 2,474,553 232,260 66,835 31,247 2,804,895
At 31 December 2023 2,529,072 273,197 106,241 45,041 2,953,551

Freehold land and associated costs amounting to £303,975 (2023: £303,975) are not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 260,104 340,456
Other debtors 230,029 188,077
490,133 528,533

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 294,618 58,064
Amounts owed to group undertakings 709,171 303,497
Social security and other taxes 32,111 139,082
Other creditors 140,259 197,371
Accrued expenses 17,700 17,400
1,193,859 715,414

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100,000 Ordinary £1.00 100,000 100,000

SCHWALBE TYRES UK LIMITED (REGISTERED NUMBER: 01680596)

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


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Roden BA FCA (Senior Statutory Auditor)
for and on behalf of Lancaster Haskins Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ralf Bohle GmbH, a company registered in Germany.

The ultimate controlling party is the shareholders of Schwalbe Holding GmbH.