Motorway Tyres (Luton) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00881557

Motorway Tyres (Luton) Limited

Filleted Unaudited Financial Statements

31 January 2025

Motorway Tyres (Luton) Limited

Financial Statements

Year ended 31 January 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Motorway Tyres (Luton) Limited

Balance Sheet

31 January 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		18,689		23,385

Current assets

Stocks		11,500	11,500
Debtors	7	32,614	33,296
Cash at bank and in hand		33,738	37,227
		--------	--------
		77,852	82,023

Creditors: amounts falling due within one year	8	97,655		97,141
		--------		--------
Net current liabilities			19,803		15,118
			--------		--------
Total assets less current liabilities			( 1,114)		8,267

Provisions

Taxation including deferred tax	3,551	4,443
	-------	-------
Net (liabilities)/assets	( 4,665)	3,824
	-------	-------

Motorway Tyres (Luton) Limited

Balance Sheet (continued)

31 January 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 4,765)	3,724
	-------	-------
Shareholders (deficit)/funds	( 4,665)	3,824
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr W F Downer

Director

Company registration number: 00881557

Motorway Tyres (Luton) Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The directors acknowledge the losses during the year, but believe with their continued support that the companies is a going concern.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	20% reducing balance
Fixtures and Fittings	-	20% reducing balance
Motor Vehicles	-	20% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Other operating income

Other operating income is income received from management charges.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2024 and 31 January 2025	4,283	7,610	26,000	37,893
	-------	-------	--------	--------
Depreciation
At 1 February 2024	2,453	6,696	5,359	14,508
Charge for the year	385	182	4,129	4,696
	-------	-------	--------	--------
At 31 January 2025	2,838	6,878	9,488	19,204
	-------	-------	--------	--------
Carrying amount
At 31 January 2025	1,445	732	16,512	18,689
	-------	-------	--------	--------
At 31 January 2024	1,830	914	20,641	23,385
	-------	-------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	7,918	9,340
Other debtors	24,696	23,956
	--------	--------
	32,614	33,296
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	43,413	44,925
Social security and other taxes	18,356	17,577
Other creditors	35,886	34,639
	--------	--------
	97,655	97,141
	--------	--------

9. Directors' advances, credits and guarantees

The directors, had an interest-free loan during the year, repayable on demand. At the beginning and end of the year the company owed them £645.

10. Related party transactions

At the year end the company owed £29,748 (2024: £26,885) to a company controlled by the directors. The loan is interest free and repayable on demand. Last year Motorway Tyres (Luton) Limited invoiced this company a management charge of £15,000. There were no management charges in the current year. At the year end the company was owed £9,413 (2024: £12,861) by a family member of the directors. The loan was repayable on demand and interest free.