Silver Tyres Limited

Silver Tyres Limited
Statement of Financial Position
As at 28 February 2025

	2025		2024
	£	£	£	£
Fixed assets		1,093		1,393
Current assets	31,041		21,155
Creditors: amount falling due within one year	(986)		0
Net current assets		30,055		21,155
Total assets less current liabilities		31,148		22,548
Creditors: amount falling due after more than one year		(23,136)		(17,614)
Net assets		8,012		4,934


Capital and reserves		8,012		4,934

NOTES TO THE ACCOUNTS

General Information

Silver Tyres Limited is a private company, limited by shares, registered in England and Wales, registration number 13173164, registration address 1 Burton Street, Peterborough, PE1 5HA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment	33.33 Reducing Balance
Plant and Machinery	20 Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 29 February 2024	1,532	250	1,782
Additions	-	-	-
Disposals	-	-	-
At 28 February 2025	1,532	250	1,782
Depreciation
At 29 February 2024	306	83	389
Charge for year	245	55	300
On disposals	-	-	-
At 28 February 2025	551	138	689
Net book values
Closing balance as at 28 February 2025	981	112	1,093
Opening balance as at 29 February 2024	1,226	167	1,393

3.	Average number of employees Average number of employees during the year was 2 (2024 : 0).

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the director on 07 October 2025 and were signed by:

--------------------------------
ALI MOHAMADI
Director

Registered Number: 13173164
England and Wales
SILVER TYRES LIMITED

Abridged Accounts

Period of accounts Start date: 29 February 2024 End date: 28 February 2025