REGISTERED NUMBER: 06988217 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

ALS Tyres Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Spencer

REGISTERED OFFICE:

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

REGISTERED NUMBER:

06988217 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

219,293

202,124

219,293

202,124

CURRENT ASSETS

Stocks

6

295,185

258,795

Debtors

7

236,016

206,222

Cash at bank

702,815

983,681

1,234,016

1,448,698

CREDITORS

Amounts falling due within one year

8

1,047,670

1,047,695

NET CURRENT ASSETS

186,346

401,003

TOTAL ASSETS LESS CURRENT LIABILITIES

405,639

603,127

CREDITORS

Amounts falling due after more than one year

9

(6,451

)

(16,451

)

PROVISIONS FOR LIABILITIES

(51,329

)

-

NET ASSETS

347,859

586,676

CAPITAL AND RESERVES

Called up share capital

10

55

100

Retained earnings

347,804

586,576

SHAREHOLDERS' FUNDS

347,859

586,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 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 20 June 2025 and were signed by:

A Spencer - Director

1.	STATUTORY INFORMATION

ALS Tyres 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five 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.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

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

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 18 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

30,000

AMORTISATION

At 1 October 2023

and 30 September 2024

30,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2023

19,073

260,348

23,886

Additions

-

30,322

-

At 30 September 2024

19,073

290,670

23,886

DEPRECIATION

At 1 October 2023

9,169

186,974

14,352

Charge for year

2,476

14,675

1,907

At 30 September 2024

11,645

201,649

16,259

NET BOOK VALUE

At 30 September 2024

7,428

89,021

7,627

At 30 September 2023

9,904

73,374

9,534

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

134,646

29,867

467,820

Additions

32,000

818

63,140

At 30 September 2024

166,646

30,685

530,960

DEPRECIATION

At 1 October 2023

33,652

21,549

265,696

Charge for year

25,249

1,664

45,971

At 30 September 2024

58,901

23,213

311,667

NET BOOK VALUE

At 30 September 2024

107,745

7,472

219,293

At 30 September 2023

100,994

8,318

202,124

6.

STOCKS

30.9.24

30.9.23

£

£

Stocks

295,185

258,795

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

151,831

91,132

Rent Deposit

54,144

54,144

Other debtors

-

16,620

Prepayments

30,041

44,326

236,016

206,222

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

853,476

917,339

Tax

98,557

38,146

Social security and other taxes

15,629

17,188

VAT

70,008

62,487

Other creditors

-

2,535

1,047,670

1,047,695

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans - 1-2 years

6,451

10,000

Bank loans - 2-5 years

-

6,451

6,451

16,451

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

55

Ordinary

£1

55

100

On the 16th July 2024 45 shares were purchased by the company from the shareholders and subsequently cancelled.