STREET TYRES LTD - Filleted accounts

Registered number

10135861

STREET TYRES LTD

Filleted Accounts

30 April 2025

STREET TYRES LTD
Registered number:		10135861
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			-
Tangible assets	4		32,251			1,246
			32,251			1,246

Current assets
Stocks	5	21,000			21,300
Debtors	6	-			-
Cash at bank and in hand		12,329			16,449
		33,329			37,749

Creditors: amounts falling due within one year	7	(6,916)			(9,820)

Net current assets/(liabilities)			26,413			27,929

Total assets less current liabilities			58,664			29,175

Creditors: amounts falling due after more than one year	8		(44,606)			(28,451)


Net assets			14,058			724

Capital and reserves
Called up share capital			100			100
Profit and loss account			13,958			624

Shareholders' funds			14,058			724

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Tahir Hussain
Director
Approved by the board on 18 December 2025

STREET TYRES LTD
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	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 over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). 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.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2024							-
	Additions							-
	Disposals							-
	At 30 April 2025							-

	Amortisation
	At 1 May 2024							-
	Provided during the year							-
	On disposals							-
	At 30 April 2025							-

	Net book value
	At 30 April 2025							-
	At 30 April 2024							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	-		7,430		-		7,430
	Additions	-		32,867		-		32,867
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 30 April 2025	-		40,297		-		40,297

	Depreciation
	At 1 May 2024	-		6,184		-		6,184
	Charge for the year	-		1,862		-		1,862
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 30 April 2025	-		8,046		-		8,046

	Net book value
	At 30 April 2025	-		32,251		-		32,251
	At 30 April 2024	-		1,246		-		1,246


5	Stocks					2025		2024
£							£
	Inventory					21,000		21,300

6	Debtors					2025		2024
£							£
	Trade debtors					-		-
	Other debtors					-		-
						-		-


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Non-equity preference shares					-		-
	Bank loans and overdrafts					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					2,284		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Taxation and social security costs					4,632		9,820
	Other creditors					-		-
						6,916		9,820


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Non-equity preference shares					-		-
	Bank loans					23,031		28,451
	Obligations under finance lease and hire purchase contracts					21,575		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Other creditors					-		-
						44,606		28,451


9	Related party transactions
	There are no related party transactions as at 30th April 2025

10	Controlling party
	The Company is controlled by the directors who own 100% of the called up share capital