Company registration number 11879810 (England and Wales)
CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
20,520
25,650
Tangible assets
4
12,708
17,226
33,228
42,876
Current assets
Stocks
21,698
22,113
Debtors
5
19,404
18,251
Cash at bank and in hand
21,030
41,765
62,132
82,129
Creditors: amounts falling due within one year
6
(88,867)
(115,856)
Net current liabilities
(26,735)
(33,727)
Total assets less current liabilities
6,493
9,149
Provisions for liabilities
(1,324)
(2,335)
Net assets
5,169
6,814
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
5,069
6,714
Total equity
5,169
6,814
CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements 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 1A - small entities.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 December 2025 and are signed on its behalf by:
Mr N C Hickton
Director
Company registration number 11879810 (England and Wales)
CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Checkpoint Tyre & Auto (Devizes) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Morningside, 19 The Moorlands, Devizes, Wiltshire, United Kingdom, SN10 5HF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5 Years Straight Line
Fixtures and fittings
3 Years Straight Line
Computer equipment
3 Years Straight Line
Motor vehicles
25% - 33% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
51,300
Amortisation and impairment
At 1 July 2024
25,650
Amortisation charged for the year
5,130
At 30 June 2025
30,780
Carrying amount
At 30 June 2025
20,520
At 30 June 2024
25,650
CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2024
14,213
2,157
2,280
21,995
40,645
Additions
816
-
0
-
0
-
0
816
At 30 June 2025
15,029
2,157
2,280
21,995
41,461
Depreciation and impairment
At 1 July 2024
10,690
1,420
1,726
9,583
23,419
Depreciation charged in the year
1,830
363
328
2,813
5,334
At 30 June 2025
12,520
1,783
2,054
12,396
28,753
Carrying amount
At 30 June 2025
2,509
374
226
9,599
12,708
At 30 June 2024
3,523
737
554
12,412
17,226
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
13,774
11,367
Other debtors
5,630
6,884
19,404
18,251
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
6,499
Trade creditors
48,498
60,768
Taxation and social security
7,897
8,194
Other creditors
32,472
40,395
88,867
115,856

Included within other creditors is a directors' loan account balance of £29,500 (2024 £30,900) and a shareholders' loan account balance of £761 (2024 £6,143).

CHECKPOINT TYRE & AUTO (DEVIZES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments
As lessee

Operating lease payments represent rentals payable by the company for its business premises. The lease is fixed for a term of 10 years with an option to extend at the prevailing market rate.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
92,000
105,000
2025-06-30 2024-07-01 false false false 23 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr N C Hickton Mrs T B Hickton Mr N C Hickton 11879810 2024-07-01 2025-06-30 11879810 2025-06-30 11879810 2024-06-30 11879810 core:NetGoodwill 2025-06-30 11879810 core:NetGoodwill 2024-06-30 11879810 core:PlantMachinery 2025-06-30 11879810 core:FurnitureFittings 2025-06-30 11879810 core:ComputerEquipment 2025-06-30 11879810 core:MotorVehicles 2025-06-30 11879810 core:PlantMachinery 2024-06-30 11879810 core:FurnitureFittings 2024-06-30 11879810 core:ComputerEquipment 2024-06-30 11879810 core:MotorVehicles 2024-06-30 11879810 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 11879810 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11879810 core:CurrentFinancialInstruments 2025-06-30 11879810 core:CurrentFinancialInstruments 2024-06-30 11879810 core:ShareCapital 2025-06-30 11879810 core:ShareCapital 2024-06-30 11879810 core:RetainedEarningsAccumulatedLosses 2025-06-30 11879810 core:RetainedEarningsAccumulatedLosses 2024-06-30 11879810 core:ShareCapitalOrdinaryShareClass1 2025-06-30 11879810 core:ShareCapitalOrdinaryShareClass1 2024-06-30 11879810 bus:Director1 2024-07-01 2025-06-30 11879810 core:Goodwill 2024-07-01 2025-06-30 11879810 core:PlantMachinery 2024-07-01 2025-06-30 11879810 core:FurnitureFittings 2024-07-01 2025-06-30 11879810 core:ComputerEquipment 2024-07-01 2025-06-30 11879810 core:MotorVehicles 2024-07-01 2025-06-30 11879810 2023-07-01 2024-06-30 11879810 core:NetGoodwill 2024-06-30 11879810 core:NetGoodwill 2024-07-01 2025-06-30 11879810 core:PlantMachinery 2024-06-30 11879810 core:FurnitureFittings 2024-06-30 11879810 core:ComputerEquipment 2024-06-30 11879810 core:MotorVehicles 2024-06-30 11879810 2024-06-30 11879810 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 11879810 bus:OrdinaryShareClass1 2025-06-30 11879810 bus:OrdinaryShareClass1 2024-06-30 11879810 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11879810 bus:FRS102 2024-07-01 2025-06-30 11879810 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 11879810 bus:Director2 2024-07-01 2025-06-30 11879810 bus:CompanySecretary1 2024-07-01 2025-06-30 11879810 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 11879810 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP