REGISTERED NUMBER: 11286083 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Defoe Tyres & Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E Garip

REGISTERED OFFICE:

1A Defoe Road

Stoke Newington

London

N16 0EP

REGISTERED NUMBER:

11286083 (England and Wales)

ACCOUNTANTS:

CHARLES PETER

Charles House

46 Station Road

Waltham Abbey

Essex

EN9 1FP

FIXED ASSETS

Tangible assets

4

94,231

48,007

CURRENT ASSETS

Stocks

88,000

65,500

Cash at bank and in hand

256,523

293,380

344,523

358,880

CREDITORS

Amounts falling due within one year

5

173,447

177,722

NET CURRENT ASSETS

171,076

181,158

TOTAL ASSETS LESS CURRENT LIABILITIES

265,307

229,165

CREDITORS

Amounts falling due after more than one year

6

165,039

148,501

NET ASSETS

100,268

80,664

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

100,168

80,564

SHAREHOLDERS' FUNDS

100,268

80,664

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 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 28 October 2025 and were signed by:

E Garip - Director

1.	STATUTORY INFORMATION

Defoe Tyres & Services Ltd 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

16,406

794

87,410

-

104,610

Additions

26,594

-

42,450

1,658

70,702

Disposals

-

-

(28,000

)

-

(28,000

)

At 31 March 2025

43,000

794

101,860

1,658

147,312

DEPRECIATION

At 1 April 2024

14,953

217

41,433

-

56,603

Charge for year

2,341

116

14,515

166

17,138

Eliminated on disposal

-

-

(20,660

)

-

(20,660

)

At 31 March 2025

17,294

333

35,288

166

53,081

NET BOOK VALUE

At 31 March 2025

25,706

461

66,572

1,492

94,231

At 31 March 2024

1,453

577

45,977

-

48,007

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

9,383

-

Trade creditors

24,672

76,142

Taxation and social security

16,603

37,033

Other creditors

112,789

54,547

173,447

177,722

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,702

11,516

Hire purchase contracts

26,352

-

Other creditors

136,985

136,985

165,039

148,501

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100