Aylesford Tyre And Auto Centre Ltd iXBRL

Aylesford Tyre And Auto Centre Ltd

Unaudited Financial Statements

for the financial year ended 30 April 2025

Aylesford Tyre And Auto Centre Ltd

Company Registration Number: 09559897

STATEMENT OF FINANCIAL POSITION

as at 30 April 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Intangible assets	4	-	7,800
Property, plant and equipment	5	89	2,055
		─────────	─────────
Non-Current Assets		89	9,855
		─────────	─────────

Current Assets

Inventories

22,760

15,520

Receivables

21,942

22,647

Cash and cash equivalents

59,427

60,104

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104,129

98,271

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Payables: amounts falling due within one year

(102,169)

(93,857)

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Net Current Assets

1,960

4,414

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Total Assets less Current Liabilities

2,049

14,269

Payables:

amounts falling due after more than one year

(1,710)

(13,788)

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Net Assets

339

481

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Capital and Reserves

Called up share capital

Retained earnings

337

479

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Equity attributable to owners of the company

339

481

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The financial statements 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).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

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

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 2 October 2025 and signed on its behalf by



________________________________
Christopher John Leech
Director

Aylesford Tyre And Auto Centre Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2025

General Information

Aylesford Tyre And Auto Centre Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 09559897. The registered office of the company is Unit E Cottage Industrial Estate, Forstal Road, Aylesford, Kent, ME20 7AD, United Kingdom. The principal activity of the company continued to be as a tyre, MOT and service centre. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 April 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax for services as a tyre, MOT and service centre.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Straight line

Computer equipment

33.33% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Employees

The average monthly number of employees, including directors, during the financial year was 5, (2024 - 5).

2025

2024

Number

Number

During the year the average number of employees wa

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4.	Intangible assets

		Goodwill	Total
		£	£
	Cost
	At 1 May 2024	78,000	78,000
		─────────	─────────

	At 30 April 2025	78,000	78,000
		─────────	─────────
	Amortisation
	At 1 May 2024	70,200	70,200
	Charge for financial year	7,800	7,800
		─────────	─────────
	At 30 April 2025	78,000	78,000
		─────────	─────────
	Net book value
	At 30 April 2025	-	-
		═════════	═════════
	At 30 April 2024	7,800	7,800
		═════════	═════════


5.	Property, plant and equipment
		Plant and	Computer	Total
		machinery	equipment

		£	£	£
	Cost
	At 1 May 2024	35,203	2,948	38,151
		─────────	─────────	─────────

	At 30 April 2025	35,203	2,948	38,151
		─────────	─────────	─────────
	Depreciation
	At 1 May 2024	33,148	2,948	36,096
	Charge for the financial year	1,966	-	1,966
		─────────	─────────	─────────
	At 30 April 2025	35,114	2,948	38,062
		─────────	─────────	─────────
	Net book value
	At 30 April 2025	89	-	89
		═════════	═════════	═════════
	At 30 April 2024	2,055	-	2,055
		═════════	═════════	═════════


6.	Inventories	2025	2024
		£	£

	Stock (non trading)	22,760	15,520
		═════════	═════════


7.	Receivables	2025	2024
		£	£

	Trade receivables	6,818	8,136
	Other receivables	1,304	5,671
	Directors' current accounts (Note 10)	5,724	5,467
	Prepayments and accrued income	8,096	3,373
		─────────	─────────
		21,942	22,647
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	10,463	10,165
	Trade payables	64,463	62,341
	Taxation	24,736	19,226
	Accruals:
	Pension accrual	1,140	519
	Other accruals	1,367	1,606
		─────────	─────────
		102,169	93,857
		═════════	═════════


9.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	1,710	13,788
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 8)	10,463	10,165
	Repayable between one and two years	1,710	10,444
	Repayable between two and five years	-	3,344
		─────────	─────────
		12,173	23,953
		═════════	═════════

10.

Directors' advances, credits and guarantees

During the financial year, the company made a loan to the directors amounting to £25,581 and the directors repaid £25,324. The loan of £5,724 is included within other receivables and is repayable on demand.