REGISTERED NUMBER: 04529812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LITTLE TONY'S TYRE SHOP LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P A Denby

Mr A P Denby

Mrs C M Gibbons

SECRETARY:

Mrs L Denby

REGISTERED OFFICE:

Shore Street

The Strand

Barrow in Furness

Cumbria

LA14 2UB

REGISTERED NUMBER:

04529812 (England and Wales)

BANKERS:

National Westminster Bank plc

113 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1WY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

26,435

31,714

26,435

31,714

CURRENT ASSETS

Stocks

64,452

65,607

Debtors

45,603

14,199

Cash at bank and in hand

130,253

127,885

240,308

207,691

CREDITORS

Amounts falling due within one year

118,278

130,104

NET CURRENT ASSETS

122,030

77,587

TOTAL ASSETS LESS CURRENT LIABILITIES

148,465

109,301

CREDITORS

Amounts falling due after more than one year

10,265

14,163

NET ASSETS

138,200

95,138

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

138,198

95,136

SHAREHOLDERS' FUNDS

138,200

95,138

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

Mr P A Denby - Director

1.	STATUTORY INFORMATION

Little Tony's Tyre Shop 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

The goodwill is now fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

and 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

151,846

Additions

4,000

At 31 March 2025

155,846

DEPRECIATION

At 1 April 2024

120,132

Charge for year

9,279

At 31 March 2025

129,411

NET BOOK VALUE

At 31 March 2025

26,435

At 31 March 2024

31,714

The net book value of tangible fixed assets includes £15,326 (2024: £19,924) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £4,598 (2024: £3,065) for the financial year.

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

13,560

16,298

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P A Denby and Mrs L Denby.