GRANGETOWN TYRES LTD

Company Registration Number:
12671792 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2025

Period of accounts

Start date: 01 July 2024

End date: 30 June 2025

GRANGETOWN TYRES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2025

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GRANGETOWN TYRES LTD

Company Information

for the Period Ended 30 June 2025




Director: Aaron Duncan
Registered office: 14
Stafford Place
Peterlee
England
SR8 2EL
Company Registration Number: 12671792 (England and Wales)

GRANGETOWN TYRES LTD

Directors' Report Period Ended 30 June 2025

The directors present their report with the financial statements of the company for the period ended 30 June 2025

Principal Activities

The company's principal activity during the period was the retail sale and fitting of new tyres and the provision of related services.

Political and charitable donations

The company made charitable donations of £500 supporting grassroot sports. No political donations were made during the period.

Company policy on the employment of disabled persons

As Grangetown Tyres Ltd. is a small business, this section is not applicable. However, should the company grow, a policy will be implemented to ensure equal opportunity and support for all employees.

Additional information

The directors are not aware of any other information that needs to be included in the report for the period.

Directors

The directors shown below have held office during the whole of the period from 01 July 2024 to 30 June 2025
Aaron Duncan

This report was approved by the board of directors on 10 August 2025
And Signed On Behalf Of The Board By:

Name: Aaron Duncan
Status: Director

GRANGETOWN TYRES LTD

Profit and Loss Account

for the Period Ended 30 June 2025


Notes

2025
£

2024
£
Turnover 72,184 63,252
Cost of sales ( 38,856 ) ( 38,123 )
Gross Profit or (Loss) 33,328 25,129
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 26,593 ) ( 26,374 )
Other operating income 0 0
Operating Profit or (Loss) 6,735 ( 1,245 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 1,064 ) ( 1,634 )
Profit or (Loss) Before Tax 5,671 ( 2,879 )
Tax on Profit ( 1,538 ) ( 0 )
Profit or (Loss) for Period 4,133 ( 2,879 )

The notes form part of these financial statements

GRANGETOWN TYRES LTD

Balance sheet

As at 30 June 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 4 4,460 5,833
Total fixed assets: 4,460 5,833
Current assets
Stocks: 0 0
Debtors: 5 155 195
Cash at bank and in hand: 7,201 8,866
Total current assets: 7,356 9,061
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 5,021 ) ( 7,518 )
Net current assets (liabilities): 2,335 1,543
Total assets less current liabilities: 6,795 7,376
Creditors: amounts falling due after more than one year: 7 ( 1,333 ) ( 5,333 )
Provision for liabilities: ( 1,538 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 3,924 2,043

The notes form part of these financial statements

GRANGETOWN TYRES LTD

Balance sheet continued

As at 30 June 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 8 0 0
Profit and loss account: 3,824 1,943
Shareholders funds: 3,924 2,043

For the year ending 30 June 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 August 2025
And Signed On Behalf Of The Board By:

Name: Aaron Duncan
Status: Director

The notes form part of these financial statements

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 1 1

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 3. Off balance sheet disclosure

    No

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 July 2024 1,943 3,890 5,833
Additions 0 0 0
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0
Transfers 0 0 0
At 30 June 2025 1,943 3,890 5,833
Depreciation
At 01 July 2024 0 0 0
Charge for year 312 1,061 1,373
On disposals ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0
At 30 June 2025 312 1,061 1,373
Net book value
At 30 June 2025 1,631 2,829 4,460
At 30 June 2024 1,943 3,890 5,833

The charge for depreciation for the year has been calculated based on the reduction in net book value of tangible assets from the previous year. This reflects the wear and tear of the company's assets and provides a more accurate representation of the company's financial position.

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

5. Debtors


2025
£

2024
£
Trade debtors 155 195
Total 155 195

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Trade creditors 35 110
Other creditors 4,986 7,408
Total 5,021 7,518

The majority of the outstanding creditors for the year ended 30 June 2025 is a Director's Loan.

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

7.Creditors: amounts falling due after more than one year


2025
£

2024
£
Bank loans and overdrafts 1,333 5,333
Total 1,333 5,333

GRANGETOWN TYRES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2025

8. Revaluation reserve


2025
£
Balance at 01 July 2024 0
Surplus or deficit after revaluation 0
Balance at 30 June 2025 0