REGISTERED NUMBER: 13061018 (England and Wales)

TRIPLE R TYRES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

120,171

71,833

CURRENT ASSETS

Stocks

89,798

78,401

Debtors

5

362,467

244,272

Cash at bank

50,153

55,677

502,418

378,350

CREDITORS

Amounts falling due within one year

6

286,293

210,522

NET CURRENT ASSETS

216,125

167,828

TOTAL ASSETS LESS CURRENT LIABILITIES

336,296

239,661

CREDITORS

Amounts falling due after more than one year

7

(29,673

)

(14,909

)

PROVISIONS FOR LIABILITIES

(30,043

)

(17,958

)

NET ASSETS

276,580

206,794

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

276,480

206,694

276,580

206,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Ms C M Wixey - Director

R P J Wixey - Director

R C Homans - Director

R Skavronskis - Director

1.	STATUTORY INFORMATION

Triple R Tyres Limited is a private company limited by shares. The company is

registered in England under number 13061018 and the address of the registered office is

Barclays Bank Chambers, Bridge Street, Stratford upon Avon, Warwickshire CV37 6AH.

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.

Previously the accounts were prepared in accordance with FRS 105 "The Financial Reporting Standard applicable to the Micro-entities Regime". Under that standard deferred tax was not provided. On changing the accounting standard comparative figures have been amended. As at 1 April 2023 a deferred tax provision of £4,680 is included, with retained earnings reducing from £148,101 to £143,421. At 31 March 2024 the deferred tax provision increased to £17,958, with retained earnings reducing from £224,652 to £206,694. The profit for the year to 31 March 2024 previously stated as £118,551 was reduced to £105,273 by a deferred tax charge of £13,278.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

103,740

Additions

95,144

Disposals

(11,995

)

At 31 March 2025

186,889

DEPRECIATION

At 1 April 2024

31,907

Charge for year

40,059

Eliminated on disposal

(5,248

)

At 31 March 2025

66,718

NET BOOK VALUE

At 31 March 2025

120,171

At 31 March 2024

71,833

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

30,495

Additions

66,323

At 31 March 2025

96,818

DEPRECIATION

At 1 April 2024

7,624

Charge for year

22,298

At 31 March 2025

29,922

NET BOOK VALUE

At 31 March 2025

66,896

At 31 March 2024

22,871

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

359,306

242,465

Other debtors

3,161

1,807

362,467

244,272

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

22,995

8,132

Trade creditors

196,834

151,374

Taxation and social security

49,491

20,260

Other creditors

16,973

30,756

286,293

210,522

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

29,673

14,909