Western Tyres Holdings Limited

Registered number

01363365

Filleted Accounts

30 April 2025

Western Tyres Holdings Limited
Registered number:		01363365
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		428,992			331,723
Investments	5		100			100
			429,092			331,823

Current assets
Debtors	6	273,502			662,827
Cash at bank and in hand		766,328			248,095
		1,039,830			910,922

Creditors: amounts falling due within one year	7	(24,732)			(24,892)

Net current assets			1,015,098			886,030

Total assets less current liabilities			1,444,190			1,217,853

Creditors: amounts falling due after more than one year	8		(61,968)			-

Provisions for liabilities			(107,248)			(82,931)


Net assets			1,274,974			1,134,922

Capital and reserves
Called up share capital			24,000			24,000
Revaluation reserve	9		42,300			42,300
Profit and loss account			1,208,674			1,068,622

Shareholders' funds			1,274,974			1,134,922

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P T Stephens
Director
Approved by the board on 21 June 2025

Western Tyres Holdings Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2	Group accounts not prepared

	The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 15 years
	Motor vehicles			20% straight line
	Furniture, fittings and equipment			17% and 20% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	171,279		105,185		639,438		915,902
	Additions	-		-		184,200		184,200
	Disposals	-		-		(48,410)		(48,410)
	At 30 April 2025	171,279		105,185		775,228		1,051,692

	Depreciation
	At 1 May 2024	139,405		105,185		339,589		584,179
	Charge for the year	9,159		-		77,772		86,931
	On disposals	-		-		(48,410)		(48,410)
	At 30 April 2025	148,564		105,185		368,951		622,700

	Net book value
	At 30 April 2025	22,715		-		406,277		428,992
	At 30 April 2024	31,874		-		299,849		331,723


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 May 2024							100

	At 30 April 2025							100


6	Debtors					2025		2024
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					241,771		662,827
	VAT recoverable					30,731		-
	Other debtors					1,000		-
						273,502		662,827


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					18,550		13,952
	Accruals and deferred income					2,315		2,250
	Taxation and social security costs					-		4,823
	Other creditors					3,867		3,867
						24,732		24,892


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					61,968		-


9	Revaluation reserve					2025		2024
£							£

	At 1 May 2024					42,300		42,300

	At 30 April 2025					42,300		42,300


10	Related party transactions

	Summary of transactions with subsidiaries
	Western Tyres Limited
	During the year, Western Tyres Holdings Limited received management charges of £108,000 (2024 - £108,000) from Western Tyres Limited and dividends of £345,657 (2024 - £438,657). At the balance sheet date, the amount due from Western Tyres was £241,771 (2024 - £662,827).
	Summary of transactions with other related parties
	During the year, the directors received £195,657 (2024 - £188,657) in dividends.


11	Controlling party

	The company is under the control of the directors.


12	Other information

	Western Tyres Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Alloys House
	St Andrews Road,
	Avonmouth
	Bristol
	BS11 9HS