Spare Deal Tyres Limited - Filleted accounts

Registered number

08436364

Spare Deal Tyres Limited

Filleted Accounts

31 March 2026

Spare Deal Tyres Limited
Registered number:		08436364
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		10,673			11,847

Current assets
Stocks		18,208			20,867
Debtors	4	12,351			13,142
Cash at bank and in hand		132,282			85,180
		162,841			119,189

Creditors: amounts falling due within one year	5	(172,981)			(140,083)

Net current liabilities			(10,140)			(20,894)

Net assets/(liabilities)			533			(9,047)

Capital and reserves
Share premium			100			100
Profit and loss account			433			(9,147)

Shareholders' funds			533			(9,047)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs C Ackroyd
Director
Approved by the board on 13 May 2026

Spare Deal Tyres Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies


	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	0% Reducing Balance
	Plant and machinery	25% Reducing Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			7		9




3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	4,200		28,147		32,347
	Additions	-		916		916
	At 31 March 2026	4,200		29,063		33,263

	Depreciation
	At 1 April 2025	-		20,500		20,500
	Charge for the year	-		2,090		2,090
	At 31 March 2026	-		22,590		22,590

	Net book value
	At 31 March 2026	4,200		6,473		10,673
	At 31 March 2025	4,200		7,647		11,847


4	Debtors			2026		2025
£					£

	Trade debtors			3,050		3,611
	Other debtors			9,301		9,531
				12,351		13,142


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			55,039		45,388
	Taxation and social security costs			79,942		65,195
	Other creditors			38,000		29,500
				172,981		140,083


6	Other information

	Spare Deal Tyres Limited is a private company limited by shares and incorporated in England. Its registered office is:
	156 Russell Drive
	Wollaton
	Nottingham
	NG8 2BE