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Company Registration No. 09214895 (England and Wales)
WALSALL WOOD TYRE & SERVICE LTD
Financial Statements
for the Period from 01 April 2024 to 31 March 2025

WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Company Information

Company Details
Company Number 09214895
Registered Office UNIT 1 HALL LANE
WALSALL WOOD
WALSALL
WEST MIDLANDS
WS9 9AS
Directors
Directors who held office during the period were:
Nathan David TAYLOR   
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Statement of Financial Position

12345678
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 178,524 192,561
Current Assets
Stocks 115,252 78,479
Debtors due 6 124,179 141,804
Cash at bank and in hand 187,274 99,631
426,705 319,914
Creditors
Amount falling due within one year 7 (276,745) (280,397)
Net Current Assets 149,960 39,517
Total Assets less current liabilities 328,484 232,078
Creditors due after more than one year 8 (292,995) (35,838)
Provision for liabilities (34,267) (34,266)
Net Assets 1,222 161,974
Capital and Reserves
Called up Share Capital 1 1
Retained earnings at end of year 1,221 161,973
Shareholder funds 1,222 161,974
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 30 December 2025
Nathan Taylor
Company Registration No. 09214895
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

1. Statutory Information
WALSALL WOOD TYRE & SERVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 09214895.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance withFRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (asapplied to small entities by section 1A of the standard).
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net ofdiscounts and value added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover from the sale of goods is recognised when thesignificant risks and rewards of ownership of the goods have transferred to the buyer. Turnoverfrom the rendering of services is recognised by reference to the stage of completion of thecontract. The stage of completion of a contract is measured by comparing the costs incurred forwork performed to date to the total estimated contract costs.
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Tangible Fixed Asset Policy
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 overits expected useful life, as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Intangible Asset Policy
Intangible fixed assets are measured at cost less accumulative amortisation and anyaccumulative impairment losses.
Stock
Stocks are measured at the lower of cost and estimated selling price less costs to complete andsell. Cost is determined using the first in first out method. The carrying amount of stock sold isrecognised as an expense in the period in which the related revenue is recognised.
Deferred Tax
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.
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 23
2024 20
4. Principal Activity
The company's principal activity during the year continued to be Garage Services
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

5. Fixed Assets
Land and buildings Plant and Machinery Motor Vehicles Total
Cost or valuation £ £ £ £
At 01/04/2024 4,533 298,432 166,753 469,718
Additions - 11,658 91,500 103,158
Disposals - - (67,100) (67,100)
Revaluation - 116 - 116
At 31/03/2025 4,533 310,206 191,153 505,892
Depreciation
At 01/04/2024 2,212 184,870 90,075 277,157
Charge for the year 1,416 48,086 33,454 82,956
Disposals - - (32,745) (32,745)
At 31/03/2025 3,628 232,956 90,784 327,368
Net Book Value
At 31/03/2025 905 77,250 100,369 178,524
At 31/03/2024 2,321 113,562 76,678 192,561
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

6. Debtors
2025 2024
£ £
Trade debtors 90,193 134,716
Other debtors 33,986 7,088
124,179 141,804
Debtors Notes
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 initiallyrecognised at transaction price including any transaction costs and subsequently measured atamortised cost determined using the effective interest method, less any impairment losses forbad and doubtful debts.
7. Creditors: amount falling due within one year
2025 2024
£ £
Trade Creditors 220,361 166,321
Other tax and social security 56,384 92,433
Other Creditors - 21,643
276,745 280,397
Creditors Due within one year
Short term creditors are measured at transaction price (which is usually the invoice price).
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WALSALL WOOD TYRE & SERVICE LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

8. Creditors: amount falling due after one year
2025 2024
£ £
Bank Loans and overdrafts 267,717 35,838
Finance Leases 25,278 -
292,995 35,838
Provision for liabilities 34,267 34,266
Creditors Due after one year
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.
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