D & D Tyres Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01526402

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		227,674		226,899

			227,674		226,899
CURRENT ASSETS
Stocks	5	41,370		40,782
Debtors	6	37,618		49,543
Cash at bank and in hand		283,291		167,668

		362,279		257,993
Creditors: Amounts Falling Due Within One Year	7	(389,356 )		(345,809 )

NET CURRENT ASSETS (LIABILITIES)			(27,077 )		(87,816 )

TOTAL ASSETS LESS CURRENT LIABILITIES			200,597		139,083

NET ASSETS			200,597		139,083

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			199,597		138,083

SHAREHOLDERS' FUNDS			200,597		139,083

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D & D Tyres Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Burrows

Director

5th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

D & D Tyres Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01526402 . The registered office is Beam Heath Way, Middlewich Road, Nantwich, Cheshire, CW5 6PQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the invoiced value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of garage services, sale of tyres and other vehicle components .

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% to 10% straight line
Plant & Machinery	10% to 20% straight line
Motor Vehicles	25% straight line
Computer Equipment	33.33% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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D & D Tyres Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in another year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2023: 23)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 January 2024	254,361	103,771	156,443	514,575
Additions	-	17,190	-	17,190
Disposals	-	-	(8,275 )	(8,275 )

As at 31 December 2024	254,361	120,961	148,168	523,490

Depreciation
As at 1 January 2024	59,284	82,449	145,943	287,676
Provided during the period	-	5,915	9,750	15,665
Disposals	-	-	(7,525 )	(7,525 )

As at 31 December 2024	59,284	88,364	148,168	295,816

Net Book Value
As at 31 December 2024	195,077	32,597	-	227,674

As at 1 January 2024	195,077	21,322	10,500	226,899

5. Stocks

	2024	2023
	£	£
Materials	41,370	40,782

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D & D Tyres Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	32,427	45,156
Other debtors	5,191	4,387

	37,618	49,543

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,222
Trade creditors	262,382	257,616
Corporation tax	23,276	536
Other taxes and social security	79,698	60,570
Other creditors	24,000	24,865

	389,356	345,809

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	2,222

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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