Registration number: 05129028

KAW Autos Limited formally Billy Whizz Tyres Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

KAW Autos Limited formally Billy Whizz Tyres Limited

(Registration number: 05129028)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	-	14,865
Current assets
Stocks		-	5,947
Debtors	5	101	2,537
Cash at bank and in hand		-	38,177
		101	46,661
Creditors: Amounts falling due within one year	6	(1)	(37,297)
Net current assets		100	9,364
Total assets less current liabilities		100	24,229
Provisions for liabilities		-	(2,825)
Net assets		100	21,404
Capital and reserves
Called up share capital		100	100
Retained earnings		-	21,304
Shareholders' funds		100	21,404

For the financial period ending 30 April 2026 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:
 

KAW Autos Limited formally Billy Whizz Tyres Limited

(Registration number: 05129028)
Balance Sheet as at 30 April 2026

......................................... Mr K A Ward Director

KAW Autos Limited formally Billy Whizz Tyres Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Fenlow Avenue
Eaton Park
Stoke on Trent
ST2 9NE

These financial statements were authorised for issue by the Board on 19 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has ceased to trade.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

KAW Autos Limited formally Billy Whizz Tyres Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 30 April 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Furniture and fittings	20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

KAW Autos Limited formally Billy Whizz Tyres Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 30 April 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

KAW Autos Limited formally Billy Whizz Tyres Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 30 April 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2025 - 3).

KAW Autos Limited formally Billy Whizz Tyres Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 30 April 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	25,522	23,883	49,405
Additions	554	-	554
Disposals	(26,076)	(23,883)	(49,959)
At 30 April 2026	-	-	-
Depreciation
At 1 April 2025	17,112	17,428	34,540
Eliminated on disposal	(17,112)	(17,428)	(34,540)
At 30 April 2026	-	-	-
Carrying amount
At 30 April 2026	-	-	-
At 31 March 2025	8,410	6,455	14,865

5

Debtors

Current	2026 £	2025 £
Prepayments	-	2,537
Other debtors	101	-
	101	2,537

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	24,242
Taxation and social security	1	6,462
Accruals and deferred income	-	1,198
Other creditors	-	5,395
	1	37,297

KAW Autos Limited formally Billy Whizz Tyres Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 30 April 2026