Registration number: 03744859

Headley Tyres Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Headley Tyres Ltd

Company Information

Directors

Miss Linda Noelle Dunn Miss Hollie Louise Dunn Mr Bradley Graham Dunn

Company secretary

Opus Accounting Limited

Registered office

Harrow Garage Newbury Road Headley Thatcham Berkshire RG19 8LG

Accountants

Opus Accounting Limited Chartered Certified AccountantsLindenmuth House 37 Greenham Business Park Greenham Thatcham Berkshire RG19 6HW

Headley Tyres Ltd

(Registration number: 03744859)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	624,577	619,795
Current assets
Stocks	5	72,358	88,920
Debtors	6	127,647	199,591
Cash at bank and in hand		81,650	56,130
		281,655	344,641
Creditors: Amounts falling due within one year	7	(170,039)	(197,823)
Net current assets		111,616	146,818
Total assets less current liabilities		736,193	766,613
Creditors: Amounts falling due after more than one year	7	(3,758)	-
Provisions for liabilities		(6,179)	(1,328)
Net assets		726,256	765,285
Capital and reserves
Called up share capital	8	1,002	1,002
Retained earnings		725,254	764,283
Shareholders' funds		726,256	765,285

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 September 2025 and signed on its behalf by:
 

......................................... Miss Linda Noelle Dunn Director

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Harrow Garage Newbury Road
Headley
Thatcham
Berkshire
RG19 8LG

These financial statements were authorised for issue by the Board on 2 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	2% straight line
Fittings fixtures and equipment	20% reducing balance
Motor vehicles	25% reducing balance
Plant and Machinery	33.3% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	731,098	119,017	7,343	857,458
Additions	-	19,403	11,750	31,153
Disposals	-	-	(6,943)	(6,943)
At 31 March 2025	731,098	138,420	12,150	881,668
Depreciation
At 1 April 2024	116,615	115,012	6,036	237,663
Charge for the year	14,622	7,553	2,961	25,136
Eliminated on disposal	-	-	(5,708)	(5,708)
At 31 March 2025	131,237	122,565	3,289	257,091
Carrying amount
At 31 March 2025	599,861	15,855	8,861	624,577
At 31 March 2024	614,483	4,005	1,307	619,795

Included within the net book value of land and buildings above is £599,861 (2024 - £614,483) in respect of freehold land and buildings.
 

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Stocks

	2025 £	2024 £
Other inventories	72,358	88,920

6

Debtors

Current	2025 £	2024 £
Trade debtors	10,729	14,830
Prepayments	9,617	8,959
Other debtors	107,301	175,802
	127,647	199,591

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	15,000	33,769
Trade creditors		102,817	104,061
Taxation and social security		46,333	54,124
Accruals and deferred income		4,905	4,641
Other creditors		984	1,228
		170,039	197,823

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	3,758	-

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	490	490	490	490
Ordinary of £1 each	510	510	510	510
Redeemable Ordinary A of £1 each	1	1	1	1
Redeemable Ordinary B of £1 each	1	1	1	1
	1,002	1,002	1,002	1,002

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,758	-

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	15,000	33,769

10	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Miss Linda Noelle Dunn
Loan	-	105,000	-	105,000
Mr Bradley Graham Dunn
Loan	175,000	-	(175,000)	-

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Miss Linda Noelle Dunn
Loan	194,530	-	(194,530)	-
Mr Bradley Graham Dunn
Loan	-	175,000	-	175,000

Directors' remuneration

The directors' remuneration for the year was as follows:

Headley Tyres Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

	2025 £	2024 £
Remuneration	20,844	20,844
Contributions paid to money purchase schemes	66,100	79,266
	86,944	100,110