REGISTERED NUMBER: 12749361 (England and Wales)

SAM TYRES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Fakih

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

12749361 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

25,399

16,420

CURRENT ASSETS

Inventories

5

39,650

32,670

Debtors

6

4,201

7,195

Cash at bank and in hand

8,165

9,802

52,016

49,667

CREDITORS

Amounts falling due within one year

7

59,025

53,728

NET CURRENT LIABILITIES

(7,009

)

(4,061

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,390

12,359

CREDITORS

Amounts falling due after more than one year

8

19,167

2,858

NET (LIABILITIES)/ASSETS

(777

)

9,501

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(877

)

9,401

SHAREHOLDERS' FUNDS

(777

)

9,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 22 April 2026 and were signed by:

Mr A Fakih - Director

1.	STATUTORY INFORMATION

Sam 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

Revenue 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

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 August 2024

32,777

357

33,134

Additions

15,417

-

15,417

At 31 July 2025

48,194

357

48,551

DEPRECIATION

At 1 August 2024

16,447

267

16,714

Charge for year

6,349

89

6,438

At 31 July 2025

22,796

356

23,152

NET BOOK VALUE

At 31 July 2025

25,398

1

25,399

At 31 July 2024

16,330

90

16,420

5.	INVENTORIES

31.7.25

31.7.24

£

£

Stocks

39,650

32,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Barika Car Wash Limited

-

3,050

Prepayments

4,201

4,145

4,201

7,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts (see note 9)

8,042

4,500

Trade creditors

22,118

26,060

Tax

732

2,159

Social security and other taxes

-

579

VAT

3,645

7,783

Related company loan- BCW

14,877

3,450

Capitalontap

7,753

-

Directors' current accounts

8

7,497

Accrued expenses

1,850

1,700

59,025

53,728

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans (see note 9)

19,167

2,858

9.

LOANS

An analysis of the maturity of loans is given below:

31.7.25

31.7.24

£

£

Amounts falling due within one year or on demand:

Bank loans

8,042

4,500

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,000

2,858

Amounts falling due between two and five years:

Bank loans - 2-5 years

14,167

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 August 2024

9,401

Profit for the year

11,722

Dividends

(22,000

)

At 31 July 2025

(877

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Fakih.