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REGISTERED NUMBER: 07771278 (England and Wales)















R M Tyres (Strood) Limited

Unaudited Financial Statements for the Year Ended 31 March 2025






R M Tyres (Strood) Limited (Registered number: 07771278)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R M Tyres (Strood) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P E May
Miss B May





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Maritime Close
Medway City Estate
Strood
Kent
ME2 4DJ





REGISTERED NUMBER: 07771278 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

R M Tyres (Strood) Limited (Registered number: 07771278)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,296 6,847
Tangible assets 5 38,153 45,764
41,449 52,611

CURRENT ASSETS
Inventories 43,164 45,588
Debtors 6 29,159 36,421
Cash at bank and in hand 289,064 229,135
361,387 311,144
CREDITORS
Amounts falling due within one year 7 140,955 152,824
NET CURRENT ASSETS 220,432 158,320
TOTAL ASSETS LESS CURRENT LIABILITIES 261,881 210,931

CREDITORS
Amounts falling due after more than one
year

8

(3,395

)

(9,089

)

PROVISIONS FOR LIABILITIES (9,108 ) (10,095 )
NET ASSETS 249,378 191,747

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 249,272 191,641
SHAREHOLDERS' FUNDS 249,378 191,747

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 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.

R M Tyres (Strood) Limited (Registered number: 07771278)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





P E May - Director


R M Tyres (Strood) Limited (Registered number: 07771278)

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

1. STATUTORY INFORMATION

R M Tyres (Strood) 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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.


R M Tyres (Strood) Limited (Registered number: 07771278)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2024 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 53,357
AMORTISATION
At 1 April 2024 46,410
Charge for year 3,651
At 31 March 2025 50,061
NET BOOK VALUE
At 31 March 2025 3,296
At 31 March 2024 6,947

R M Tyres (Strood) Limited (Registered number: 07771278)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 161,297
Additions 4,600
At 31 March 2025 165,897
DEPRECIATION
At 1 April 2024 115,533
Charge for year 12,211
At 31 March 2025 127,744
NET BOOK VALUE
At 31 March 2025 38,153
At 31 March 2024 45,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 26,014 33,352
Other debtors 3,145 3,069
29,159 36,421

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,689 5,549
Trade creditors 34,868 48,226
Taxation and social security 94,063 93,048
Other creditors 6,335 6,001
140,955 152,824

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 3,395 9,089

9. LEASING AGREEMENTS
The company had total commitments under non-cancellable operating leases of £2,000.

10. LEGAL CHARGE

The company's bankers hold fixed and floating charges over all its property or undertaking in relation to guarantees pledged for Maritime Investments (Kent) Ltd, an entity in which a director has a beneficial interest.