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LUX TYRES LTD

Registered Number
13241881
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

LUX TYRES LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

MIDWOOD, Michael Tyrone Anthony

Registered Address

119 Hopwood Lane
Halifax
HX1 4HB

Registered Number

13241881 (England and Wales)
LUX TYRES LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets377,16741,167
77,16741,167
Current assets
Stocks47,5007,500
Debtors512,25112,467
Cash at bank and on hand39,53018,495
59,28138,462
Creditors amounts falling due within one year6(33,485)(24,921)
Net current assets (liabilities)25,79613,541
Total assets less current liabilities102,96354,708
Creditors amounts falling due after one year7(53,693)-
Net assets49,27054,708
Capital and reserves
Called up share capital100100
Profit and loss account49,17054,608
Shareholders' funds49,27054,708
The financial statements were approved and authorised for issue by the Director on 14 July 2025, and are signed on its behalf by:
MIDWOOD, Michael Tyrone Anthony
Director
Registered Company No. 13241881
LUX TYRES LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles5
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252024
Average number of employees during the year44
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 April 2464,83464,834
Additions85,83385,833
Disposals(41,833)(41,833)
At 31 March 25108,834108,834
Depreciation and impairment
At 01 April 2423,66723,667
Charge for year21,76721,767
On disposals(13,767)(13,767)
At 31 March 2531,66731,667
Net book value
At 31 March 2577,16777,167
At 31 March 2441,16741,167
4.Stocks

2025

2024

££
Raw materials and consumables7,5007,500
Total7,5007,500
5.Debtors: amounts due within one year

2025

2024

££
Other debtors12,25112,467
Total12,25112,467
6.Creditors: amounts due within one year

2025

2024

££
Bank borrowings and overdrafts10,299-
Taxation and social security3,1725,879
Other creditors18,76517,733
Accrued liabilities and deferred income1,2491,309
Total33,48524,921
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts53,693-
Total53,693-