Croft Street Tyres and Exhausts Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08714331 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Croft Street Tyres and Exhausts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Jones

REGISTERED OFFICE:

Croft Street

Widnes

WA8 0NQ

REGISTERED NUMBER:

08714331 (England and Wales)

ACCOUNTANTS:

Anthony Gray & Co

Smithy Cottage

28 Church Lane

Culcheth

Warrington

Cheshire

WA3 5DJ

FIXED ASSETS

Tangible assets

4

20,330

3,233

CURRENT ASSETS

Stocks

7,050

7,100

Debtors

5

49,737

66,654

Cash at bank and in hand

63,811

53,492

120,598

127,246

CREDITORS

Amounts falling due within one year

6

108,899

100,800

NET CURRENT ASSETS

11,699

26,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,029

29,679

CREDITORS

Amounts falling due after more than one
year

7

35,847

29,293

NET (LIABILITIES)/ASSETS

(3,818

)

386

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(3,820

)

384

SHAREHOLDERS' FUNDS

(3,818

)

386

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2025 and were signed by:

S Mallinson - Director

P Jones - Director

1.	STATUTORY INFORMATION

Croft Street Tyres and Exhausts 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.

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 Statement of Income and Retained Earnings, 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.

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.

6

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

18,617

3,096

11,193

32,906

Additions

2,666

143

15,799

18,608

At 31 March 2025

21,283

3,239

26,992

51,514

DEPRECIATION

At 1 April 2024

17,417

3,096

9,160

29,673

Charge for year

967

36

508

1,511

At 31 March 2025

18,384

3,132

9,668

31,184

NET BOOK VALUE

At 31 March 2025

2,899

107

17,324

20,330

At 31 March 2024

1,200

-

2,033

3,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

43,237

40,154

Other debtors

6,500

26,500

49,737

66,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

6,000

5,000

Hire purchase contracts

2,245

1,846

Trade creditors

83,771

69,058

Taxation and social security

14,187

22,325

Other creditors

2,696

2,571

108,899

100,800

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

22,293

29,293

Hire purchase contracts

13,554

-

35,847

29,293

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

S Mallinson

Balance outstanding at start of year

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10,000

P Jones

Balance outstanding at start of year

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10,000

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors..