REGISTERED NUMBER: 05847441 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

DIRECT TYRE SERVICES & MOT CENTRE

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Muscroft

Mrs J E Muscroft

REGISTERED OFFICE:

Suite 1

Aireside House

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

REGISTERED NUMBER:

05847441 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Suite 1, Aireside House

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

FIXED ASSETS

Intangible assets

4

7,385

8,979

Tangible assets

5

52,035

63,531

59,420

72,510

CURRENT ASSETS

Stocks

49,012

43,143

Debtors

6

19,805

37,256

Cash at bank and in hand

11,896

-

80,713

80,399

CREDITORS

Amounts falling due within one year

7

(128,596

)

(129,532

)

NET CURRENT LIABILITIES

(47,883

)

(49,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,537

23,377

CREDITORS

Amounts falling due after more than one year

8

(920

)

(22,962

)

PROVISIONS FOR LIABILITIES

(8,879

)

-

NET ASSETS

1,738

415

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,638

315

SHAREHOLDERS' FUNDS

1,738

415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

M S Muscroft - Director

1.	STATUTORY INFORMATION

Direct Tyre Services & Mot Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 31 December 2023

and 30 December 2024

25,000

7,230

32,230

AMORTISATION

At 31 December 2023

21,875

1,376

23,251

Charge for year

1,250

344

1,594

At 30 December 2024

23,125

1,720

24,845

NET BOOK VALUE

At 30 December 2024

1,875

5,510

7,385

At 30 December 2023

3,125

5,854

8,979

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 December 2023

20,894

135,871

156,765

Additions

-

1,784

1,784

Disposals

-

(3,750

)

(3,750

)

At 30 December 2024

20,894

133,905

154,799

DEPRECIATION

At 31 December 2023

4,130

89,104

93,234

Charge for year

1,045

11,863

12,908

Eliminated on disposal

-

(3,378

)

(3,378

)

At 30 December 2024

5,175

97,589

102,764

NET BOOK VALUE

At 30 December 2024

15,719

36,316

52,035

At 30 December 2023

16,764

46,767

63,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,103

13,889

Other debtors

13,702

23,367

19,805

37,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,000

3,171

Hire purchase contracts

-

11,703

Trade creditors

65,357

63,699

Taxation and social security

40,767

30,359

Other creditors

19,472

20,600

128,596

129,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

920

6,920

Other creditors

-

16,042

920

22,962

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2024 and 30 December 2023:

2024

2023

£

£

M S Muscroft

Balance outstanding at start of year

23,367

25,328

Amounts advanced

-

70,679

Amounts repaid

(17,551

)

(72,640

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,816

23,367

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M S Muscroft, a director.