SELLYOAK-STIRCHLEY TYRES LIMITED


Directors	DOCI, Arben
	STEELE, Jack Henry


Registered Address	2 Hampton Court Road
	First Floor
	Birmingham
	B17 9AE


Registered Number	13062814 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		32,000		36,000
Tangible assets	4		269,218		140,858
			301,218		176,858
Current assets
Debtors	5,6	104,225		243,539
Cash at bank and on hand		41,579		40,820
		145,804		284,359
Creditors amounts falling due within one year	7	(295,808)		(405,142)
Net current assets (liabilities)			(150,004)		(120,783)
Total assets less current liabilities			151,214		56,075
Creditors amounts falling due after one year	8		(99,371)		(33,600)
Net assets			51,843		22,475
Capital and reserves
Called up share capital			1		1
Profit and loss account			51,842		22,474
Shareholders' funds			51,843		22,475

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 December 2025, and are signed on its behalf by:

DOCI, Arben
Director
Registered Company No. 13062814

SELLYOAK-STIRCHLEY TYRES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	10
	Fixtures and fittings	5
	Vehicles	10
	Office Equipment	5

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		3

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	40,000
	At 31 December 24	40,000
	Amortisation and impairment
	At 01 January 24	4,000
	Charge for year	4,000
	At 31 December 24	8,000
	Net book value
	At 31 December 24	32,000
	At 31 December 23	36,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	164,652
	Additions	163,611
	At 31 December 24	328,263
	Depreciation and impairment
	At 01 January 24	23,795
	Charge for year	35,250
	At 31 December 24	59,045
	Net book value
	At 31 December 24	269,218
	At 31 December 23	140,858

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	171,086
Other debtors	104,225	46,650
Prepayments and accrued income	-	15,803
Total	104,225	233,539

6.	Debtors: amounts due after one year

	2024	2023
	£	£
Other debtors	-	10,000
Total	-	10,000

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	79,265	111,690
Taxation and social security	7,410	15,343
Other creditors	205,784	274,180
Accrued liabilities and deferred income	3,349	3,929
Total	295,808	405,142

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	87,396	33,600
Other creditors	11,975	-
Total	99,371	33,600

9.	Related party transactions
	During the year, the company entered into the following transactions with related parties: Arben Doci (Arben Doci is a Director and shareholder of Sellyoak-Stirchley Tyres Limited) Loan from Director At the balance sheet date, the amount due to Arben Doci was £143,295 (2023: £249,548). Arden Investments Holdings Limited (Arben Doci is the sole Director and shareholder of Arden Investments Holdings Limited) At the balance sheet date, the intercompany loan amount owed to Arden Investments Holdings Limited was £39,500 (2023: -£10,000). Liberty Cars Limited (Arben Doci is the sole Director and shareholder of Liberty Cars Limited) At the balance sheet date, the intercompany loan amount owed to Liberty Cars Limited was £17,100 (2023: £13,600). Onions Cars Limited (Arben Doci is the sole Director and shareholder of Onions Cars Limited) At the balance sheet date, the intercompany loan amount owed to Onions Cars Limited was £4,875 (2023: £0). RRA Vehicle Valeting Limited (Arben Doci is the sole Director of RRA Vehicle Valeting Limited) At the balance sheet date, the intercompany loan amount owned by RRA Vehicle Valeting Limited was £5,400 (2023: £5,400).

Related party transactions

During the year, the company entered into the following transactions with related parties:

Arben Doci
(Arben Doci is a Director and shareholder of Sellyoak-Stirchley Tyres Limited)
Loan from Director
At the balance sheet date, the amount due to Arben Doci was £143,295 (2023: £249,548).

Arden Investments Holdings Limited
(Arben Doci is the sole Director and shareholder of Arden Investments Holdings Limited)
At the balance sheet date, the intercompany loan amount owed to Arden Investments Holdings Limited was £39,500 (2023: -£10,000).

Liberty Cars Limited
(Arben Doci is the sole Director and shareholder of Liberty Cars Limited)
At the balance sheet date, the intercompany loan amount owed to Liberty Cars Limited was £17,100 (2023: £13,600).

Onions Cars Limited
(Arben Doci is the sole Director and shareholder of Onions Cars Limited)
At the balance sheet date, the intercompany loan amount owed to Onions Cars Limited was £4,875 (2023: £0).

RRA Vehicle Valeting Limited
(Arben Doci is the sole Director of RRA Vehicle Valeting Limited)
At the balance sheet date, the intercompany loan amount owned by RRA Vehicle Valeting Limited was £5,400 (2023: £5,400).