1 1 All Terrain Tyres Limited 05291738 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the sale of tyres for industrial plant. Digita Accounts Production Advanced 6.30.9574.0 true false 05291738 2024-04-01 2025-03-31 05291738 2025-03-31 05291738 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2025-03-31 05291738 bus:PreferenceShareClass1 bus:Non-cumulativeRedeemableShares 2025-03-31 05291738 core:RetainedEarningsAccumulatedLosses 2025-03-31 05291738 core:ShareCapital 2025-03-31 05291738 core:CurrentFinancialInstruments 2025-03-31 05291738 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05291738 core:FurnitureFittingsToolsEquipment 2025-03-31 05291738 bus:SmallEntities 2024-04-01 2025-03-31 05291738 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05291738 bus:FilletedAccounts 2024-04-01 2025-03-31 05291738 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05291738 bus:RegisteredOffice 2024-04-01 2025-03-31 05291738 bus:CompanySecretary1 2024-04-01 2025-03-31 05291738 bus:Director1 2024-04-01 2025-03-31 05291738 bus:Director2 2024-04-01 2025-03-31 05291738 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-04-01 2025-03-31 05291738 bus:PreferenceShareClass1 bus:Non-cumulativeRedeemableShares 2024-04-01 2025-03-31 05291738 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05291738 core:OfficeEquipment 2024-04-01 2025-03-31 05291738 1 2024-04-01 2025-03-31 05291738 countries:Wales 2024-04-01 2025-03-31 05291738 2024-03-31 05291738 core:FurnitureFittingsToolsEquipment 2024-03-31 05291738 2023-04-01 2024-03-31 05291738 2024-03-31 05291738 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-03-31 05291738 bus:PreferenceShareClass1 bus:Non-cumulativeRedeemableShares 2024-03-31 05291738 core:RetainedEarningsAccumulatedLosses 2024-03-31 05291738 core:ShareCapital 2024-03-31 05291738 core:CurrentFinancialInstruments 2024-03-31 05291738 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05291738

All Terrain Tyres Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

All Terrain Tyres Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

All Terrain Tyres Limited

Company Information

Directors | Mr P H Richards Mr G Walters

Company secretary | Mr M E R Llewellyn

Registered office | Suite 2d, Building 1 Eastern Business Park St Mellons Cardiff CF3 5EA

All Terrain Tyres Limited

(Registration number: 05291738)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 5 | 760,221 | 824,995
Debtors | 6 | 864,324 | 1,053,339
Cash at bank and in hand |  | 4,050,990 | 3,462,724
|  | 5,675,535 | 5,341,058
Creditors: Amounts falling due within one year | 7 | (181,224) | (124,269)
Net assets |  | 5,494,311 | 5,216,789
Capital and reserves |  |  |
Called up share capital | 8 | 751,000 | 751,000
Retained earnings |  | 4,743,311 | 4,465,789
Shareholders' funds |  | 5,494,311 | 5,216,789

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 1 December 2025 and signed on its behalf by:

......................................... Mr P H Richards Director

All Terrain Tyres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Suite 2d, Building 1
Eastern Business Park
St Mellons
Cardiff
CF3 5EA

The principal place of business is:
Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL

These financial statements were authorised for issue by the Board on 1 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

All Terrain Tyres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Finance income and costs policy

Interest income from loan debtors is recognised using the effective interest rate method.

Tax

The tax expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Current or deferred tax assets and liabilities are not discounted.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 15% and 33% reducing balance

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.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

All Terrain Tyres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1). Any wages incurred by the company are recharged costs.

All Terrain Tyres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 2,926 | 2,926
At 31 March 2025 | 2,926 | 2,926
Depreciation
At 1 April 2024 | 2,926 | 2,926
At 31 March 2025 | 2,926 | 2,926
Carrying amount
At 31 March 2025 | - | -

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 760,221 | 824,995

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 109,795 | 149,632
Prepayments | 16,666 | -
Other debtors | 737,863 | 903,707
| 864,324 | 1,053,339

Details of non-current trade and other debtors

£555,000 (2024 -£720,000) of other debtors is classified as non current.

All Terrain Tyres Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 119,280 | 66,421
Taxation and social security | 60,388 | 56,489
Accruals and deferred income | 1,362 | 1,323
Other creditors | 194 | 36
| 181,224 | 124,269

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000
Preference shares of £1 each | 750,000 | 750,000 | 750,000 | 750,000
| 751,000 | 751,000 | 751,000 | 751,000

9 | Parent and ultimate parent undertaking

The company's immediate parent is G Walters (Consultancy) Limited, incorporated in England and Wales.
The ultimate controlling party is Mr G Walters, by virtue of his majority shareholding in the company's parent undertaking.