REGISTERED NUMBER: 05424460 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

METRO TYRES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Flynn

REGISTERED OFFICE:

50 Pete Best Drive

Liverpool

L12 1NN

REGISTERED NUMBER:

05424460 (England and Wales)

ACCOUNTANTS:

Malthouse & Company Chartered Accountants

America House, Rumford Court

Rumford Place

Liverpool

Merseyside

L3 9DD

FIXED ASSETS

Tangible assets

4

692,526

690,075

Investment property

5

1,900,000

1,900,000

2,592,526

2,590,075

CURRENT ASSETS

Stocks

19,000

25,000

Debtors

6

27,381

15,851

Cash at bank and in hand

325,983

141,073

372,364

181,924

CREDITORS

Amounts falling due within one year

7

284,656

140,881

NET CURRENT ASSETS

87,708

41,043

TOTAL ASSETS LESS CURRENT LIABILITIES

2,680,234

2,631,118

CREDITORS

Amounts falling due after more than one year

8

(544,112

)

(566,549

)

PROVISIONS FOR LIABILITIES

(445,847

)

(445,847

)

NET ASSETS

1,690,275

1,618,722

CAPITAL AND RESERVES

Called up share capital

1

1

Non-distributable reserve

1,337,542

1,337,542

Retained earnings

352,732

281,179

1,690,275

1,618,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 6 November 2025 and were signed by:

J M Flynn - Director

1.	STATUTORY INFORMATION

Metro Tyres 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

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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

Nil on Freehold Land

Plant and machinery etc

-

20% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

651,867

220,914

872,781

Additions

-

10,500

10,500

At 30 April 2025

651,867

231,414

883,281

DEPRECIATION

At 1 May 2024

-

182,706

182,706

Charge for year

-

8,049

8,049

At 30 April 2025

-

190,755

190,755

NET BOOK VALUE

At 30 April 2025

651,867

40,659

692,526

At 30 April 2024

651,867

38,208

690,075

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,900,000

NET BOOK VALUE

At 30 April 2025

1,900,000

At 30 April 2024

1,900,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2024

1,900,000

If investment property had not been revalued it would have been included at the following historical cost:

30.4.25

30.4.24

as restated

£

£

Cost

116,611

116,611

Investment property was valued on an open market basis on 30 April 2024 by the Director. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

as restated

£

£

Trade debtors

18,390

2,380

Other debtors

8,991

13,471

27,381

15,851

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

as restated

£

£

Bank loans and overdrafts

21,297

21,181

Taxation and social security

169,052

45,768

Other creditors

94,307

73,932

284,656

140,881

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

as restated

£

£

Bank loans

544,112

566,549

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

459,385

481,822

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2024 - £60,000) were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J M Flynn.