REGISTERED NUMBER: 01146917 (England and Wales)

B. A. BUSH (TYRES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

T A Bush

B C Bush

SECRETARY:

B C Bush

REGISTERED OFFICE:

Bush Tyres

Station Yard

Horncastle

Lincolnshire

LN9 5AQ

REGISTERED NUMBER:

01146917 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

85,474

78,382

Investment property

5

-

500,000

85,474

578,382

CURRENT ASSETS

Stocks

156,583

203,087

Debtors

6

539,236

331,856

Cash at bank and in hand

290,493

480,787

986,312

1,015,730

CREDITORS

Amounts falling due within one year

7

296,404

625,467

NET CURRENT ASSETS

689,908

390,263

TOTAL ASSETS LESS CURRENT LIABILITIES

775,382

968,645

PROVISIONS FOR LIABILITIES

14,446

17,021

NET ASSETS

760,936

951,624

CAPITAL AND RESERVES

Called up share capital

9

300

300

Retained earnings

760,636

951,324

SHAREHOLDERS' FUNDS

760,936

951,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

T A Bush - Director

1.	STATUTORY INFORMATION

B. A. Bush (Tyres) 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 (£).

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and at varying rates on cost

Tangible fixed assets are held at cost less depreciation.

Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow and obsolete 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

222,501

Additions

30,086

Disposals

(15,522

)

At 31 December 2024

237,065

DEPRECIATION

At 1 January 2024

144,119

Charge for year

13,306

Eliminated on disposal

(5,834

)

At 31 December 2024

151,591

NET BOOK VALUE

At 31 December 2024

85,474

At 31 December 2023

78,382

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

500,000

Disposals

(500,000

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

362,652

322,684

Other debtors

176,584

9,172

539,236

331,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

280,605

278,538

Amounts owed to group undertakings

-

323,617

Taxation and social security

5,291

15,904

Other creditors

10,508

7,408

296,404

625,467

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

30,000

30,000

Between one and five years

65,000

95,000

95,000

125,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

300

Ordinary

£1

300

300

10.	CONTINGENT LIABILITIES

The company has given an unlimited guarantee in favour of B A Bush & Son Limited.