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REGISTERED NUMBER: SC399729 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025

FOR

ALL TYRED OUT LIMITED

ALL TYRED OUT LIMITED (REGISTERED NUMBER: SC399729)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ALL TYRED OUT LIMITED (REGISTERED NUMBER: SC399729)

ABRIDGED BALANCE SHEET
31ST MAY 2025

31/5/25 31/5/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 136,379 78,442

CURRENT ASSETS
Stocks 216,500 205,000
Debtors 247,610 252,352
Cash at bank 42,938 -
507,048 457,352
CREDITORS
Amounts falling due within one year 467,914 389,066
NET CURRENT ASSETS 39,134 68,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,513

146,728

CREDITORS
Amounts falling due after more than one year 18,929 43,659
NET ASSETS 156,584 103,069

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,484 102,969
SHAREHOLDERS' FUNDS 156,584 103,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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.

ALL TYRED OUT LIMITED (REGISTERED NUMBER: SC399729)

ABRIDGED BALANCE SHEET - continued
31ST MAY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 7th August 2025 and were signed by:





C Fitzpatrick - Director


ALL TYRED OUT LIMITED (REGISTERED NUMBER: SC399729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025

1. STATUTORY INFORMATION

All Tyred Out Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC399729

Registered office: 2 Castle Road
Bankside Industrial Estate
Falkirk
Central
FK2 7UY

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

ALL TYRED OUT LIMITED (REGISTERED NUMBER: SC399729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2025

2. ACCOUNTING POLICIES - continued

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 12 (2024 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2024 164,252
Additions 96,867
Disposals (5,500 )
At 31st May 2025 255,619
DEPRECIATION
At 1st June 2024 85,810
Charge for year 38,517
Eliminated on disposal (5,087 )
At 31st May 2025 119,240
NET BOOK VALUE
At 31st May 2025 136,379
At 31st May 2024 78,442