Cumbria Tyre Specialist Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06942015

Cumbria Tyre Specialist Limited

Filleted Unaudited Financial Statements

30 June 2025

Cumbria Tyre Specialist Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		424,071	424,920

Current assets

Stocks		170,000	160,000
Debtors	6	291,362	263,284
Cash at bank and in hand		662,267	554,601
		------------	---------
		1,123,629	977,885

Creditors: amounts falling due within one year	7	338,944		319,001
		------------		---------
Net current assets			784,685	658,884
			------------	------------
Total assets less current liabilities			1,208,756	1,083,804

Creditors: amounts falling due after more than one year	8		112,705	132,722

Provisions

Taxation including deferred tax	27,180	27,381
	------------	------------
Net assets	1,068,871	923,701
	------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,067,871	922,701
	------------	---------
Shareholders funds	1,068,871	923,701
	------------	---------

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 June 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 .

Cumbria Tyre Specialist Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr D J Hayton	Mrs D Hayton
Director	Director

Company registration number: 06942015

Cumbria Tyre Specialist Limited

Notes to the Financial Statements

Year ended 30 June 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 Unit 4 Peacock Road, Duranhill Industrial Estate, Carlisle, Cumbria, CA1 3UD.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jul 2024	315,000	41,448	32,127	153,408	1,523	543,506
Additions	–	9,685	2,145	41,495	365	53,690
Disposals	–	–	( 2,141)	( 48,761)	( 1,176)	( 52,078)
	---------	--------	--------	---------	-------	---------
At 30 Jun 2025	315,000	51,133	32,131	146,142	712	545,118
	---------	--------	--------	---------	-------	---------
Depreciation
At 1 Jul 2024	–	19,172	22,434	75,573	1,407	118,586
Charge for the year	–	7,990	2,790	25,495	237	36,512
Disposals	–	–	( 1,464)	( 31,412)	( 1,175)	( 34,051)
	---------	--------	--------	---------	-------	---------
At 30 Jun 2025	–	27,162	23,760	69,656	469	121,047
	---------	--------	--------	---------	-------	---------
Carrying amount
At 30 Jun 2025	315,000	23,971	8,371	76,486	243	424,071
	---------	--------	--------	---------	-------	---------
At 30 Jun 2024	315,000	22,276	9,693	77,835	116	424,920
	---------	--------	--------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	291,362	263,284
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	25,161	24,785
Trade creditors	240,812	172,424
Corporation tax	58,972	58,927
Social security and other taxes	13,999	19,217
Other creditors	–	43,648
	---------	---------
	338,944	319,001
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	112,705	132,722
	---------	---------

Bank loan commitments after more than 5 years have interest charges that are accrued on a variable basis.

9. Related party transactions

The company was under the control of Mr D J Hayton and Mrs D Hayton throughout the current and previous year. Mr & Mrs Hayton are the only directors and each holds 50% of the issued share capital. During the year dividends of £ 31,898 (2024 - £7,148) were paid to Mr & Mrs Hayton. On the balance sheet date the company owed Mr & Mrs Hayton £Nil (2024 - £16,758) and this is included in Other creditors.