TYRESERVICES ABERDEEN LIMITED


Directors	BRECHIN, Brian
	BRECHIN, Kelly Anne


Registered Address	36 Angusfield Avenue
	Aberdeen
	AB15 6AQ


Registered Number	SC563397 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		2,383		3,483
Tangible assets	4		139,166		111,685
			141,549		115,168
Current assets
Stocks	5	193,224		187,882
Debtors		205,726		190,527
Cash at bank and on hand		579,974		613,455
		978,924		991,864
Creditors amounts falling due within one year	6	(431,787)		(442,137)
Net current assets (liabilities)			547,137		549,727
Total assets less current liabilities			688,686		664,895
Provisions for liabilities	7		(25,363)		(19,810)
Net assets			663,323		645,085
Capital and reserves
Called up share capital			1		1
Profit and loss account			663,322		645,084
Shareholders' funds			663,323		645,085

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 October 2025, and are signed on its behalf by:

BRECHIN, Brian
Director
Registered Company No. SC563397

TYRESERVICES ABERDEEN LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill amortisation is 10 years

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	25
	Plant and machinery	15
	Vehicles	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		11

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	11,000	11,000
At 31 March 25	11,000	11,000
Amortisation and impairment
At 01 April 24	7,517	7,517
Charge for year	1,100	1,100
At 31 March 25	8,617	8,617
Net book value
At 31 March 25	2,383	2,383
At 31 March 24	3,483	3,483

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	7,811	78,849	83,809	170,469
Additions	-	16,390	42,935	59,325
Disposals	-	-	(12,500)	(12,500)
At 31 March 25	7,811	95,239	114,244	217,294
Depreciation and impairment
At 01 April 24	1,953	19,640	37,191	58,784
Charge for year	1,465	10,076	18,297	29,838
On disposals	-	-	(10,494)	(10,494)
At 31 March 25	3,418	29,716	44,994	78,128
Net book value
At 31 March 25	4,393	65,523	69,250	139,166
At 31 March 24	5,858	59,209	46,618	111,685

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	193,224	187,882
Total	193,224	187,882

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	246,922	219,258
Amounts owed to related parties	59,725	78,796
Taxation and social security	46,584	64,170
Other creditors	2,050	1,107
Accrued liabilities and deferred income	76,506	78,806
Total	431,787	442,137


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	25,363	19,810
Total	25,363	19,810