REGISTERED NUMBER: 03111404 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Bob's Tyres and Exhausts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Malins

Mrs T M Malins

SECRETARY:

Mrs T M Malins

REGISTERED OFFICE:

Unit 18

Stevenage Enterprise Centre

Orchard Road

Stevenage

SG1 3HH

REGISTERED NUMBER:

03111404 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,245

6,993

CURRENT ASSETS

Stocks

10,630

11,899

Debtors

5

7,855

14,809

Cash at bank

106,559

139,315

125,044

166,023

CREDITORS

Amounts falling due within one year

6

100,155

150,126

NET CURRENT ASSETS

24,889

15,897

TOTAL ASSETS LESS CURRENT LIABILITIES

30,134

22,890

CREDITORS

Amounts falling due after more than one year

7

(9,786

)

(9,970

)

PROVISIONS FOR LIABILITIES

(1,329

)

(1,329

)

NET ASSETS

19,019

11,591

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

19,017

11,589

19,019

11,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

R A Malins - Director

1.	STATUTORY INFORMATION

Bob's Tyres and Exhausts 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

Statement of compliance

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.

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually

reviewed and are based on experience and other factors, including expectations of future events that

are believed to be reasonable under the circumstances.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Profit and Loss, 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the

ordinary course of business.

Trade debtors are recognised at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Accounts payable are classified as current liabilities if the company

does not have an unconditional right, at the end of the reporting period, to defer settlement of the

creditor for at least twelve months after the reporting date. If there is an unconditional right to defer

settlement for at least twelve months after the reporting date, they are presented as non-current

liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are

classified as operating leases. Payments made under operating leases are charged to profit or loss on

a straight-line basis over the period of the lease. Leases are classified as finance leases whenever

the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the present value of the minimum lease

payments.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction

of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance

of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash

or other resources received or receivable, net of the direct costs of issuing the equity instruments. If

payment is deferred and the time value of money is material, the initial measurement is on a present

value basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

46,494

2,092

14,929

63,515

DEPRECIATION

At 1 February 2024

41,191

1,959

13,372

56,522

Charge for year

1,326

33

389

1,748

At 31 January 2025

42,517

1,992

13,761

58,270

NET BOOK VALUE

At 31 January 2025

3,977

100

1,168

5,245

At 31 January 2024

5,303

133

1,557

6,993

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

3,916

8,381

Other debtors

3,939

4,388

7,855

12,769

Amounts falling due after more than one year:

Other debtors

-

2,040

Aggregate amounts

7,855

14,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

69,779

108,047

Taxation and social security

8,022

8,526

Other creditors

22,354

33,553

100,155

150,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Taxation and social security

9,786

9,970

8.	CAPITAL COMMITMENTS

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £Nil). The

financial commitments are in respect of the business premises which expire on 29th September 2025.

The annual rent is £16,230.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 were paid to the directors .

At the balance sheet date the company owed £20,911 (2023: £32,110 to the directors, R Malins and

T Malins. The loan has no formal terms of repayment or payment of interest.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Malins and T Malins acting in concert.