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CROSS COUNTRY TYRES LIMITED

Registered Number
05342533
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

CROSS COUNTRY TYRES LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

EDWARDS, Darren Charles
EDWARDS, Kerry

Company Secretary

EDWARDS, Kerry

Registered Address

Unit 1a Porte Marsh Road
Calne
SN11 9BW

Registered Number

05342533 (England and Wales)
CROSS COUNTRY TYRES LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3338,358349,694
338,358349,694
Current assets
Stocks428,58333,376
Debtors27,21038,312
Cash at bank and on hand60,54333,268
116,336104,956
Creditors amounts falling due within one year5(214,525)(215,593)
Net current assets (liabilities)(98,189)(110,637)
Total assets less current liabilities240,169239,057
Creditors amounts falling due after one year6(203,251)(221,175)
Provisions for liabilities7(11,060)-
Net assets25,85817,882
Capital and reserves
Called up share capital100100
Profit and loss account25,75817,782
Shareholders' funds25,85817,882
The financial statements were approved and authorised for issue by the Board of Directors on 27 July 2025, and are signed on its behalf by:
EDWARDS, Darren Charles
Director
EDWARDS, Kerry
Director

Registered Company No. 05342533
CROSS COUNTRY TYRES LIMITED
Notes to the Financial Statements
for the year ended 28 February 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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.
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
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings1550
Plant and machinery15-
Vehicles25-
Office Equipment25-
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20252024
Average number of employees during the year88
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 March 24310,95571,25229,5867,811419,604
Additions-3,4501,500-4,950
At 28 February 25310,95574,70231,0867,811424,554
Depreciation and impairment
At 01 March 247,55643,52214,5154,31769,910
Charge for year7,3254,2893,79987316,286
At 28 February 2514,88147,81118,3145,19086,196
Net book value
At 28 February 25296,07426,89112,7722,621338,358
At 29 February 24303,39927,73015,0713,494349,694
4.Stocks

2025

2024

££
Other stocks28,58333,376
Total28,58333,376
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables133,874140,773
Bank borrowings and overdrafts24,97725,165
Taxation and social security53,84648,886
Accrued liabilities and deferred income1,828769
Total214,525215,593
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts203,251221,175
Total203,251221,175
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)11,060-
Total11,060-