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REGISTERED NUMBER: 06966943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Tyre Medics Ltd

Tyre Medics Ltd (Registered number: 06966943)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tyre Medics Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: C Spencer





REGISTERED OFFICE: 72-74 Upper Bond Street
Hinckley
Leicestershire
LE10 1RJ





REGISTERED NUMBER: 06966943 (England and Wales)





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Tyre Medics Ltd (Registered number: 06966943)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,011,466 996,222

CURRENT ASSETS
Stocks 44,090 45,023
Debtors 5 364,834 86,096
Cash at bank 448,581 630,414
857,505 761,533
CREDITORS
Amounts falling due within one year 6 455,352 475,227
NET CURRENT ASSETS 402,153 286,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,413,619

1,282,528

CREDITORS
Amounts falling due after more than one
year

7

(625,915

)

(625,915

)

PROVISIONS FOR LIABILITIES (21,542 ) (13,340 )
NET ASSETS 766,162 643,273

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 766,062 643,173
SHAREHOLDERS' FUNDS 766,162 643,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Tyre Medics Ltd (Registered number: 06966943)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 10 June 2025 and were signed by:





C Spencer - Director


Tyre Medics Ltd (Registered number: 06966943)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Tyre Medics Ltd 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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
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.

Tyre Medics Ltd (Registered number: 06966943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

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 13 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2024 849,769 21,088 195,822
Additions - - 590
At 31 March 2025 849,769 21,088 196,412
DEPRECIATION
At 1 April 2024 - - 130,334
Charge for year - - 13,217
At 31 March 2025 - - 143,551
NET BOOK VALUE
At 31 March 2025 849,769 21,088 52,861
At 31 March 2024 849,769 21,088 65,488

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 22,335 263,879 11,491 1,364,384
Additions - 56,745 998 58,333
At 31 March 2025 22,335 320,624 12,489 1,422,717
DEPRECIATION
At 1 April 2024 21,364 208,855 7,609 368,162
Charge for year 320 27,942 1,610 43,089
At 31 March 2025 21,684 236,797 9,219 411,251
NET BOOK VALUE
At 31 March 2025 651 83,827 3,270 1,011,466
At 31 March 2024 971 55,024 3,882 996,222

Tyre Medics Ltd (Registered number: 06966943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 23,780
DEPRECIATION
At 1 April 2024
and 31 March 2025 22,032
NET BOOK VALUE
At 31 March 2025 1,748
At 31 March 2024 1,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 360,102 81,794
Other debtors 4,732 4,302
364,834 86,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 357,144 279,269
Taxation and social security 97,443 91,579
Other creditors 765 104,379
455,352 475,227

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 625,915 625,915

Amounts falling due in more than five years:

Repayable by instalments
Mortgage Account 625,915 625,915

Tyre Medics Ltd (Registered number: 06966943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary 1 100 100