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COMPANY REGISTRATION NUMBER: 10126120

Phil Harvey Tyres Limited

Filleted Unaudited Financial Statements

30 April 2025

Phil Harvey Tyres Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 34,223 | 26,306

Current assets

Stocks | 125,000 |  | 130,000
Debtors | 6 | 8,545 |  | 1,032
Cash at bank and in hand | 106,006 |  | 230,801
| --------- |  | ---------
| 239,551 |  | 361,833

Creditors: amounts falling due within one year | 7 | 161,196 |  | 177,269
| --------- |  | ---------
Net current assets |  | 78,355 | 184,564
|  | --------- | ---------
Total assets less current liabilities |  | 112,578 | 210,870
|  | --------- | ---------
Net assets |  | 112,578 | 210,870
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 10 | 10
Profit and loss account |  | 112,568 | 210,860
|  | --------- | ---------
Shareholders funds |  | 112,578 | 210,870
|  | --------- | ---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .

Phil Harvey Tyres Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

J L Newman
Director

Company registration number: 10126120

Phil Harvey Tyres Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Corporation Road, Newport, South Wales, NP19 0AR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 25% reducing balance
| Equipment | - | 15% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2024: 16 ).
5. Tangible assets

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 May 2024 | 26,750 | 41,989 | 68,739
Additions | 13,250 | 2,982 | 16,232
| -------- | -------- | --------
At 30 April 2025 | 40,000 | 44,971 | 84,971
| -------- | -------- | --------
Depreciation |  |  |
At 1 May 2024 | 20,657 | 21,776 | 42,433
Charge for the year | 4,836 | 3,479 | 8,315
| -------- | -------- | --------
At 30 April 2025 | 25,493 | 25,255 | 50,748
| -------- | -------- | --------
Carrying amount |  |  |
At 30 April 2025 | 14,507 | 19,716 | 34,223
| -------- | -------- | --------
At 30 April 2024 | 6,093 | 20,213 | 26,306
| -------- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 8,545 | 1,032
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 91,657 | 110,313
Corporation tax | – | 12,391
Social security and other taxes | 30,792 | 19,464
Other creditors | 38,747 | 35,101
| --------- | ---------
| 161,196 | 177,269
| --------- | ---------

8. Directors' advances, credits and guarantees
The Directors are owed the following amounts:

|  | 2025 | 2024
|  | £ | £
| R P Harvey | 15,000 | –
| J L Newman | 11,205 | 138
| P M Harvey | 9,542 | 32,062