Murray Tyres (Holdings) Limited iXBRL

Company Registration Number: NI638001

Murray Tyres (Holdings) Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Murray Tyres (Holdings) Limited

DIRECTOR AND OTHER INFORMATION


Director	Dominic Murray


Company Registration Number	NI638001


Registered Office and Business Address	97 - 105 Church Street
	Portadown
	Co. Armagh
	BT62 1DB
	Northern Ireland


Accountants	MG accountants
	(Portadown)
	25-27 Carleton Street
	Portadown
	Co. Armagh
	BT62 3EP


Bankers	Danske Bank
	45-48 High Street
	Portadown
	Co. Armagh
	BT62 1LB
	United Kingdom


Solicitors	RM Cullen & Son
	16-20 Edward Street
	Portadown
	Co. Armagh
	BT62 3NL
	United Kingdom

Murray Tyres (Holdings) Limited

Company Registration Number: NI638001

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Investments

900,000

900,000

─────────

Current Assets

Debtors

791,176

1,573,708

Cash and cash equivalents

1,506,484

755,085

─────────

2,297,660

2,328,793

─────────

Creditors: amounts falling due within one year

(123,708)

(127,413)

─────────

Net Current Assets

2,173,952

2,201,380

─────────

Total Assets less Current Liabilities

3,073,952

3,101,380

Creditors:

amounts falling due after more than one year

(34,737)

─────────

Net Assets

3,073,952

3,066,643

═════════

Capital and Reserves

Called up share capital

1,000

1,000

Share premium account

551,730

551,730

Retained earnings

2,521,222

2,513,913

─────────

Equity attributable to owners of the company

3,073,952

3,066,643

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 28 May 2025



________________________________
Dominic Murray
Director

Murray Tyres (Holdings) Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Murray Tyres (Holdings) Limited is a company limited by shares incorporated in Northern Ireland.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Investments

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Director

═════════


4.	Investments
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost

	At 31 March 2025	900,000	900,000
		─────────	─────────
	Net book value
	At 31 March 2025	900,000	900,000
		═════════	═════════
	At 31 March 2024	900,000	900,000
		═════════	═════════

4.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Murray Tyres Limited

Northern Ireland

Wholesale and retailing of lorry and motor tyres.

Ordinary

100

In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.


5.	Debtors	2025	2024
		£	£

	Amounts owed by group undertakings	790,119	1,573,708
	Taxation (Note 8)	1,057	-
		─────────	─────────
		791,176	1,573,708
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Taxation (Note 8)	2,218	5,329
	Director's current account	598	598
	Shares classified as financial liabilities	34,737	34,737
	Other creditors	83,005	83,249
	Accruals	3,150	3,500
		─────────	─────────
		123,708	127,413
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Shares classified as financial liabilities	-	34,737
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Debtors:
	Withholding tax	1,057	-
		═════════	═════════
	Creditors:
	Corporation tax	2,218	2,218
	Withholding tax	-	3,111
		─────────	─────────
		2,218	5,329
		═════════	═════════

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares on 27 April 2016.

10.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

Mr Dominic Murray, is a Director of Murray Tyres (Holdings) Ltd and its subsidiary Murray Tyres Limited and Murray Tyres Wholesale Ltd. There are no trading transactions between Murray Tyres (Holdings) Ltd and the related parties apart from the payment of dividends to the holding company by the subsidiary.