Invicta Tyres Ltd - Filleted accounts

Registered number

15084632

Invicta Tyres Ltd

Filleted Accounts

31 March 2025

Invicta Tyres Ltd
Registered number:		15084632
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		75,823			63,281

Current assets
Stocks		16,859			38,334
Debtors	4	39,809			24,534
Cash at bank and in hand		194,402			105,814
		251,070			168,682

Creditors: amounts falling due within one year	5	(133,831)			(99,453)

Net current assets			117,239			69,229

Total assets less current liabilities			193,062			132,510

Creditors: amounts falling due after more than one year	6		(100,000)			(100,000)



Net assets			93,062			32,510

Capital and reserves
Called up share capital			100			100
Profit and loss account			92,962			32,410

Shareholder's funds			93,062			32,510

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 member has 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.




Daniel Woodgate
Director
Approved by the board on 18 December 2025

Invicta Tyres Ltd
Notes to the Accounts
for the year ended 31 March 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).

	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:

	Freehold buildings			5% straightline
	Storage containers (under land & buildings)			20% reducing balance basis
	Office equipment			25% reducing balance basis
	Plant and machinery			20% reducing balance basis
	Motor vehicles			20% reducing balance basis
	Fixtures & fittings			15% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		3


3	Tangible fixed assets
		Buildings		Plant, machinery and fixtures		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	39,342		30,576		-		69,918
	Additions	6,600		7,786		9,750		24,136
	At 31 March 2025	45,942		38,362		9,750		94,054

	Depreciation
	At 1 April 2024	655		5,982		-		6,637
	Charge for the year	3,287		6,357		1,950		11,594
	At 31 March 2025	3,942		12,339		1,950		18,231

	Net book value
	At 31 March 2025	42,000		26,023		7,800		75,823
	At 31 March 2024	38,687		24,594		-		63,281


4	Debtors					2025		2024
£							£

	Trade debtors					35,570		20,701
	Other debtors					4,239		3,833
						39,809		24,534


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

	Trade creditors					93,159		67,656
	Taxation and social security costs					36,930		17,970
	Other creditors					3,742		13,827
						133,831		99,453


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

	Director's loan					100,000		100,000


7	Other information

	Invicta Tyres Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Jackson Road
	Wincheap Estate
	Canterbury
	Kent
	CT1 3RF