Company Registration No. 07029705 (England and Wales)
T W Tyres Ltd
Unaudited accounts
for the year ended 31 March 2025
T W Tyres Ltd
Unaudited accounts
Contents
T W Tyres Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr Terence Wilson
Mrs Jacqueline Wilson
Company Number
07029705 (England and Wales)
Registered Office
KENORA DANIELS GATE
LONG SUTTON
SPALDING
LINCOLNSHIRE
PE12 9DN
ENGLAND
Accountants
DBu Accounting Limited
Kenora Daniels Gate
Long Sutton
Spalding
Lincolnshire
PE129DN
T W Tyres Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
41,943
26,478
Cash at bank and in hand
528,032
599,316
Creditors: amounts falling due within one year
(417,064)
(371,385)
Net current assets
314,909
488,451
Net assets
356,852
514,929
Called up share capital
2
2
Profit and loss account
356,850
514,927
Shareholders' funds
356,852
514,929
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Mr Terence Wilson
Director
Company Registration No. 07029705
T W Tyres Ltd
Notes to the Accounts
for the year ended 31 March 2025
T W Tyres Ltd is a private company, limited by shares, registered in England and Wales, registration number 07029705. The registered office is KENORA DANIELS GATE, LONG SUTTON, SPALDING, LINCOLNSHIRE, PE12 9DN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
5 years
Other tangible fixed assets
5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
T W Tyres Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At valuation
At 1 April 2024
323,341
45,212
368,553
Revaluations
-
17,311
17,311
Disposals
-
(19,954)
(19,954)
At 31 March 2025
323,341
56,399
379,740
At 1 April 2024
296,863
45,212
342,075
Charge for the year
5,296
10,380
15,676
On disposals
-
(19,954)
(19,954)
At 31 March 2025
302,159
35,638
337,797
At 31 March 2025
21,182
20,761
41,943
At 31 March 2024
26,478
-
26,478
Amounts falling due within one year
Trade debtors
203,941
239,228
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
166,750
152,986
Taxes and social security
3,925
14,933
Loans from directors
3,375
3,375
T W Tyres Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).