IRIS Accounts Production v25.4.12.37 03722764 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false 124488 122312 87785 75176 75100 73000 137173 124488 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03722764 2024-03-31 03722764 2025-03-31 03722764 2024-04-01 2025-03-31 03722764 2023-03-31 03722764 2023-04-01 2024-03-31 03722764 2024-03-31 03722764 ns15:EnglandWales 2024-04-01 2025-03-31 03722764 ns14:PoundSterling 2024-04-01 2025-03-31 03722764 ns10:Director1 2024-04-01 2025-03-31 03722764 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03722764 ns10:SmallEntities 2024-04-01 2025-03-31 03722764 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03722764 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 03722764 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03722764 ns10:FullAccounts 2024-04-01 2025-03-31 03722764 1 2024-04-01 2025-03-31 03722764 42 ns10:Director2 2024-03-31 03722764 42 ns10:Director2 2023-03-31 03722764 42 ns10:Director2 2024-04-01 2025-03-31 03722764 42 ns10:Director2 2023-04-01 2024-03-31 03722764 42 ns10:Director2 2025-03-31 03722764 42 ns10:Director2 2024-03-31 03722764 ns10:Director2 2024-04-01 2025-03-31 03722764 ns10:Director3 2024-04-01 2025-03-31 03722764 ns10:Director4 2024-04-01 2025-03-31 03722764 ns10:CompanySecretary1 2024-04-01 2025-03-31 03722764 ns10:RegisteredOffice 2024-04-01 2025-03-31 03722764 ns5:CurrentFinancialInstruments 2025-03-31 03722764 ns5:CurrentFinancialInstruments 2024-03-31 03722764 ns5:ShareCapital 2025-03-31 03722764 ns5:ShareCapital 2024-03-31 03722764 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 03722764 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 03722764 ns5:NetGoodwill 2024-04-01 2025-03-31 03722764 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 03722764 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 03722764 ns5:PlantMachinery 2024-04-01 2025-03-31 03722764 ns5:FurnitureFittings 2024-04-01 2025-03-31 03722764 ns5:MotorVehicles 2024-04-01 2025-03-31 03722764 ns5:NetGoodwill 2024-03-31 03722764 ns5:NetGoodwill 2025-03-31 03722764 ns5:NetGoodwill 2024-03-31 03722764 ns5:LeaseholdImprovements 2024-03-31 03722764 ns5:PlantMachinery 2024-03-31 03722764 ns5:FurnitureFittings 2024-03-31 03722764 ns5:MotorVehicles 2024-03-31 03722764 ns5:LeaseholdImprovements 2025-03-31 03722764 ns5:PlantMachinery 2025-03-31 03722764 ns5:FurnitureFittings 2025-03-31 03722764 ns5:MotorVehicles 2025-03-31 03722764 ns5:LeaseholdImprovements 2024-03-31 03722764 ns5:PlantMachinery 2024-03-31 03722764 ns5:FurnitureFittings 2024-03-31 03722764 ns5:MotorVehicles 2024-03-31 03722764 ns5:CostValuation 2024-03-31 03722764 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 03722764 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 03722764 ns5:Secured 2025-03-31 03722764 ns5:Secured 2024-03-31 03722764 ns5:DeferredTaxation 2024-03-31 03722764 ns5:DeferredTaxation 2025-03-31 03722764 ns10:Director1 1 2024-03-31 03722764 ns10:Director1 1 2023-03-31 03722764 ns10:Director1 1 2024-04-01 2025-03-31 03722764 ns10:Director1 1 2023-04-01 2024-03-31 03722764 ns10:Director1 1 2025-03-31 03722764 ns10:Director1 1 2024-03-31

REGISTERED NUMBER: 03722764 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LITTLEHAMPTON TYRE AND

EXHAUST CENTRES LIMITED

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | F Corbett

| Mrs T Corbett

| A J Corbett

| Mrs L Corbett

| SECRETARY: | Mrs T Corbett

| REGISTERED OFFICE: | St Martins Barn

| St Martins Lane

| Littlehampton

| West Sussex

| BN17 6BS

| REGISTERED NUMBER: | 03722764 (England and Wales)

| ACCOUNTANTS: | Lewis Brownlee (Chichester) Limited

| Chartered Accountants

| Appledram Barns

| Birdham Road

| Chichester

| West Sussex

| PO20 7EQ

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

BALANCE SHEET

31 MARCH 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 40,992 |  | 46,124 |  |

Investments | 6 | 1,500 |  | 1,500 |  |

42,492 |  | 47,624 |  |

CURRENT ASSETS

Stocks | 80,202 |  | 54,105 |  |

Debtors | 7 | 237,316 |  | 229,818 |  |

Cash at bank and in hand | 2,550 |  | 2,984 |  |

320,068 |  | 286,907 |  |

CREDITORS

Amounts falling due within one year | 8 | 395,154 |  | 335,913 |  |

NET CURRENT LIABILITIES | (75,086 | ) | (49,006 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (32,594 | ) | (1,382 | ) |

PROVISIONS FOR LIABILITIES | 10 | 9,628 |  | 11,338 |  |

NET LIABILITIES | (42,222 | ) | (12,720 | ) |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | (43,222 | ) | (13,720 | ) |

SHAREHOLDERS' FUNDS | (42,222 | ) | (12,720 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

BALANCE SHEET - continued

31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

Mrs T Corbett - Director

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Littlehampton Tyre and Exhaust Centres 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.

| The presentational currency of the financial statements is in Pound Sterling (£) which is rounded to the nearest pound (£).

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.

| Going concern

| The directors are satisfied that the company is in a position to meet its liabilities as they fall due and they have a expectation that the business will continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

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

| Turnover represents income generated from repairs and servicing of vehicles.

| Goodwill

| Acquired goodwill has been fully written off its original useful economic life.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | at variable rates on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed asset are initially measured at cost and subsequently measured at cost less accumulated depreciation and impairment.

| 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

| Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2024 - 18 ) .

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 April 2024

| and 31 March 2025 | 430,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 430,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

Fixtures |  |

Improvements | Plant and | and | Motor |  |

to property | machinery | fittings | vehicles | Totals |

| £ | £ | £ | £ | £

| COST

| At 1 April 2024 | 7,228 |  | 182,482 |  | 67,980 |  | 22,386 |  | 280,076 |  |

| Additions | - |  | - |  | 2,174 |  | - |  | 2,174 |  |

| Disposals | - |  | - |  | - |  | (2,300 | ) | (2,300 | ) |

| At 31 March 2025 | 7,228 |  | 182,482 |  | 70,154 |  | 20,086 |  | 279,950 |  |

| DEPRECIATION

| At 1 April 2024 | 7,228 |  | 142,863 |  | 62,534 |  | 21,327 |  | 233,952 |  |

| Charge for year | - |  | 5,942 |  | 1,081 |  | 266 |  | 7,289 |  |

| Eliminated on disposal | - |  | - |  | - |  | (2,283 | ) | (2,283 | ) |

| At 31 March 2025 | 7,228 |  | 148,805 |  | 63,615 |  | 19,310 |  | 238,958 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 33,677 |  | 6,539 |  | 776 |  | 40,992 |  |

| At 31 March 2024 | - |  | 39,619 |  | 5,446 |  | 1,059 |  | 46,124 |  |

6. | FIXED ASSET INVESTMENTS

Other |

investments |

| £

| COST

| At 1 April 2024

| and 31 March 2025 | 1,500 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,500 |  |

| At 31 March 2024 | 1,500 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 35,320 |  | 37,800 |  |

| Other debtors | 201,996 |  | 192,018 |  |

237,316 |  | 229,818 |  |

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 124,467 |  | 17,716 |  |

| Trade creditors | 205,677 |  | 223,759 |  |

| Taxation and social security | 47,727 |  | 80,727 |  |

| Other creditors | 17,283 |  | 13,711 |  |

395,154 |  | 335,913 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank overdrafts | 124,467 |  | 17,716 |  |

| The bank overdraft is secured by a fixed and floating charge over the assets of the company.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Deferred tax | 9,628 |  | 11,338 |  |

Deferred tax |

| £

| Balance at 1 April 2024 | 11,338 |  |

| Accelerated capital allowances | (1,710 | ) |

| Balance at 31 March 2025 | 9,628 |  |

11. | OTHER FINANCIAL COMMITMENTS

| At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £nil (2024 : £33,000).

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

| £ | £

| Mrs T Corbett and F Corbett

| Balance outstanding at start of year | 124,488 |  | 122,312 |  |

| Amounts advanced | 87,785 |  | 75,176 |  |

| Amounts repaid | (75,100 | ) | (73,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 137,173 |  | 124,488 |  |

| LITTLEHAMPTON TYRE AND |

| EXHAUST CENTRES LIMITED (REGISTERED NUMBER: 03722764) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| Interest has been charged on the loan to F Corbett and Mrs T Corbett at 2.5% per annum.

13. | RELATED PARTY DISCLOSURES

| The company rents properties, from which it trades, which are owned by the directors, Mr and Mrs F Corbett. The rent payable is £66,000 (2024 : £66,000).

| The bank overdraft facility is secured on a property owned by two of the directors.