IRIS Accounts Production v25.2.0.378 09569975 director 26.4.24 25.4.25 25.4.25 false true false false true false Fair value model Ordinary Shares Capital 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09569975 2024-04-25 09569975 2025-04-25 09569975 2024-04-26 2025-04-25 09569975 2023-04-25 09569975 2023-04-26 2024-04-25 09569975 2024-04-25 09569975 ns15:EnglandWales 2024-04-26 2025-04-25 09569975 ns14:PoundSterling 2024-04-26 2025-04-25 09569975 ns10:Director1 2024-04-26 2025-04-25 09569975 ns10:PrivateLimitedCompanyLtd 2024-04-26 2025-04-25 09569975 ns10:SmallEntities 2024-04-26 2025-04-25 09569975 ns10:AuditExempt-NoAccountantsReport 2024-04-26 2025-04-25 09569975 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-26 2025-04-25 09569975 ns10:SmallCompaniesRegimeForAccounts 2024-04-26 2025-04-25 09569975 ns10:FullAccounts 2024-04-26 2025-04-25 09569975 ns10:OrdinaryShareClass1 2024-04-26 2025-04-25 09569975 ns10:RegisteredOffice 2024-04-26 2025-04-25 09569975 ns5:CurrentFinancialInstruments 2025-04-25 09569975 ns5:CurrentFinancialInstruments 2024-04-25 09569975 ns5:Non-currentFinancialInstruments 2025-04-25 09569975 ns5:Non-currentFinancialInstruments 2024-04-25 09569975 ns5:ShareCapital 2025-04-25 09569975 ns5:ShareCapital 2024-04-25 09569975 ns5:RetainedEarningsAccumulatedLosses 2025-04-25 09569975 ns5:RetainedEarningsAccumulatedLosses 2024-04-25 09569975 ns5:PlantMachinery 2024-04-25 09569975 ns5:PlantMachinery 2024-04-26 2025-04-25 09569975 ns5:PlantMachinery 2025-04-25 09569975 ns5:PlantMachinery 2024-04-25 09569975 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-25 09569975 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-25 09569975 ns5:DeferredTaxation 2024-04-25 09569975 ns5:DeferredTaxation 2024-04-26 2025-04-25 09569975 ns5:DeferredTaxation 2025-04-25 09569975 ns10:OrdinaryShareClass1 2025-04-25

REGISTERED NUMBER: 09569975 (England and Wales)

Unaudited Financial Statements for the Year Ended 25th April 2025

for

S1 TYRES LIMITED

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Contents of the Financial Statements

FOR THE YEAR ENDED 25TH APRIL 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

S1 TYRES LIMITED

Company Information

FOR THE YEAR ENDED 25TH APRIL 2025

| DIRECTOR: | Mr Fateh Sher

| REGISTERED OFFICE: | Unit C,Coppen Road

| Dagenham

| Essex

| RM8 1XU

| REGISTERED NUMBER: | 09569975 (England and Wales)

| ACCOUNTANTS: | Silver Arc

| Chartered Certified Accountants

| 1 Quality Court

| Chancery Lane

| London

| WC2A 1HR

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Balance Sheet

25TH APRIL 2025

| 25/4/25 |  | 25/4/24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 30,420 |  | 41,188 |  |

CURRENT ASSETS

Stocks | 73,572 |  | 44,995 |  |

Debtors | 5 | 15,051 |  | 3,700 |  |

Cash at bank and in hand | 5,090 |  | 6,155 |  |

93,713 |  | 54,850 |  |

CREDITORS

Amounts falling due within one year | 6 | (158,456 | ) | (111,142 | ) |

NET CURRENT LIABILITIES | (64,743 | ) | (56,292 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (34,323 | ) | (15,104 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | (49,722 | ) | (63,056 | ) |

PROVISIONS FOR LIABILITIES | 8 | (5,780 | ) | (5,433 | ) |

NET LIABILITIES | (89,825 | ) | (83,593 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | (89,925 | ) | (83,693 | ) |

SHAREHOLDERS' FUNDS | (89,825 | ) | (83,593 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Balance Sheet - continued

25TH APRIL 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd January 2026 and were signed by:

Mr Fateh Sher - Director

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Notes to the Financial Statements

FOR THE YEAR ENDED 25TH APRIL 2025

1. | STATUTORY INFORMATION

| S1 Tyres Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

| Depreciation is provided on the following basis:

| Plant and machinery - 20% straight line method

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 25TH APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 5 ) .

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 25TH APRIL 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machiner

| etc

£ |

| COST

| At 26th April 2024 | 123,834 |  |

| Additions | 1,129 |  |

| At 25th April 2025 | 124,963 |  |

| DEPRECIATION

| At 26th April 2024 | 82,646 |  |

| Charge for year | 11,897 |  |

| At 25th April 2025 | 94,543 |  |

| NET BOOK VALUE

| At 25th April 2025 | 30,420 |  |

| At 25th April 2024 | 41,188 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 25/4/25 |  | 25/4/24

£ | £ |

| Trade debtors | - |  | 1,794 |  |

| Amounts owed by associates | 1,906 |  | 1,906 |  |

| Other debtors | 13,145 |  | - |  |

15,051 |  | 3,700 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 25/4/25 |  | 25/4/24

£ | £ |

| Trade creditors | 34,050 |  | 7,477 |  |

| Taxation and social security | 13,308 |  | 32,493 |  |

| Other creditors | 111,098 |  | 71,172 |  |

158,456 |  | 111,142 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 25/4/25 |  | 25/4/24

£ | £ |

| Other creditors | 49,722 |  | 63,056 |  |

8. | PROVISIONS FOR LIABILITIES

| 25/4/25 |  | 25/4/24

£ | £ |

| Deferred tax | 5,780 |  | 5,433 |  |

S1 TYRES LIMITED (REGISTERED NUMBER: 09569975)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 25TH APRIL 2025

8. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 26th April 2024 | 5,433 |  |

| Provided during year | 347 |  |

| Balance at 25th April 2025 | 5,780 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 25/4/25 |  | 25/4/24

| value: | £ | £ |

| 100 | Share capital 1 | 1 | 100 |  | 100 |  |