REGISTERED NUMBER: 06624815 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

TYRES DIRECT ON-LINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

7

DIRECTOR:

G T Oliver

SECRETARY:

G T Oliver

REGISTERED OFFICE:

Endeavour House

Building 50

Wrest Park

Silsoe

Bedfordshire

MK45 4HS

REGISTERED NUMBER:

06624815 (England and Wales)

ACCOUNTANTS:

F E Hawkes & Co

206 Endeavour House

Wrest Park

Silsoe

Bedfordshire

MK45 4HS

FIXED ASSETS

33,685

Tangible assets

5

30,644

CURRENT ASSETS

113,568

Stocks

6

154,682

85,186

Debtors

7

58,277

443,278

Cash at bank and in hand

389,339

642,032

602,298

CREDITORS

271,868

Amounts falling due within one year

8

213,885

370,164

NET CURRENT ASSETS

388,413

403,849

TOTAL ASSETS LESS CURRENT LIABILITIES

419,057

CREDITORS

(5,854

)

Amounts falling due after more than one year

9

-

(4,460

)

PROVISIONS FOR LIABILITIES

(7,022

)

393,535

NET ASSETS

412,035

CAPITAL AND RESERVES

2,500

Called up share capital

12

2,500

391,035

Retained earnings

13

409,535

393,535

SHAREHOLDERS' FUNDS

412,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 4 December 2025 and were signed by:

G T Oliver - Director

1.	STATUTORY INFORMATION

Tyres Direct on-Line Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 06624815

Registered office: Endeavour House

Building 50

Wrest Park

Silsoe

Bedfordshire

MK45 4HS

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

The principal activity of the company in the year under review was that of the supply of tyres for motor vehicles.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value on a first in first out basis after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Totals

machinery

fittings

vehicles

£

£

£

£

COST

At 1 July 2024

102,881

23,493

46,388

33,000

Additions

4,750

-

-

4,750

Disposals

(3,000

)

-

-

(3,000

)

At 30 June 2025

104,631

23,493

46,388

34,750

DEPRECIATION

At 1 July 2024

69,196

15,699

36,277

17,220

Charge for year

6,779

1,170

1,521

4,088

Eliminated on disposal

(1,988

)

-

-

(1,988

)

At 30 June 2025

73,987

16,869

37,798

19,320

NET BOOK VALUE

At 30 June 2025

30,644

6,624

8,590

15,430

At 30 June 2024

33,685

7,794

10,111

15,780

6.

STOCKS

2025

2024

£

£

Stocks

154,682

113,568

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

42,445

64,742

Sundry debtors & prepayments

15,832

15,914

Tax

-

4,530

58,277

85,186

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

5,777

6,000

Trade creditors

154,205

220,256

Tax

9,693

-

Social security and other taxes

3,327

4,313

VAT

14,556

4,473

Directors' current accounts

20,125

9,625

Sundry creditors & accruals

6,202

27,201

213,885

271,868

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

-

5,854

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

5,777

6,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

5,854

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

38,400

16,357

Between one and five years

32,000

26,785

70,400

43,142

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,500

Ordinary

£1.00

2,500

2,500

13.

RESERVES

Retained

earnings

£

At 1 July 2024

391,035

Profit for the year

32,500

Dividends

(14,000

)

At 30 June 2025

409,535

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2025 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

F E Hawkes & Co

206 Endeavour House

Wrest Park

Silsoe

Bedfordshire

MK45 4HS

4 December 2025