TADWORTH TYRE SPECIALISTS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Hamilton

SECRETARY:

Ms L Quinn

REGISTERED OFFICE:

90 The Avenue

Tadworth

Surrey

KT20 5AA

REGISTERED NUMBER:

01023316 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

4

76,889

91,659

CURRENT ASSETS

Stocks

5

235,797

249,510

Debtors

6

80,289

88,059

Cash at bank and in hand

234,980

174,626

551,066

512,195

CREDITORS

Amounts falling due within one year

7

199,273

203,490

NET CURRENT ASSETS

351,793

308,705

TOTAL ASSETS LESS CURRENT LIABILITIES

428,682

400,364

CREDITORS

Amounts falling due after more than one year

8

(14,277

)

(24,986

)

PROVISIONS FOR LIABILITIES

(14,609

)

(17,415

)

NET ASSETS

399,796

357,963

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

399,646

357,813

SHAREHOLDERS' FUNDS

399,796

357,963

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

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

The financial statements were approved by the director and authorised for issue on 15th October 2025 and were signed by:

D Hamilton - Director

1.	STATUTORY INFORMATION

Tadworth Tyre Specialists 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.

Long leasehold

-

5% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Income Statement, 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st September 2024

28,146

177,583

2,638

Additions

-

2,350

-

At 31st August 2025

28,146

179,933

2,638

DEPRECIATION

At 1st September 2024

20,328

126,924

2,374

Charge for year

833

7,951

66

At 31st August 2025

21,161

134,875

2,440

NET BOOK VALUE

At 31st August 2025

6,985

45,058

198

At 31st August 2024

7,818

50,659

264

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st September 2024

91,589

14,082

314,038

Additions

-

-

2,350

At 31st August 2025

91,589

14,082

316,388

DEPRECIATION

At 1st September 2024

59,136

13,617

222,379

Charge for year

8,113

157

17,120

At 31st August 2025

67,249

13,774

239,499

NET BOOK VALUE

At 31st August 2025

24,340

308

76,889

At 31st August 2024

32,453

465

91,659

5.

STOCKS

31.8.25

31.8.24

£

£

Stocks

235,797

249,510

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

66,537

73,070

Other debtors

-

221

Prepayments and accrued income

13,752

14,768

80,289

88,059

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

131,250

142,514

Tax

19,621

19,589

Social security and other taxes

5,680

5,166

VAT

36,072

34,103

Other creditors

2,182

1,050

Directors' current accounts

3,055

29

Accrued expenses

1,413

1,039

199,273

203,490

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 2-5 years

14,277

24,986

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £3055.49 to D Hamilton, the director and shareholder of the company .The amount is interest free and repayable on demand.