REGISTERED NUMBER: 05015819 (England and Wales)

Financial Statements

for the Year Ended

31 October 2025

for

C & S Tyres (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Johnson

J Pitman

REGISTERED OFFICE:

Tyrefix Brookside Industrial Estate

Spring Road

Ibstock

Leicestershire

LE67 6LR

REGISTERED NUMBER:

05015819 (England and Wales)

AUDITORS:

The Rowleys Partnership Ltd

Statutory Auditors

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

FIXED ASSETS

Intangible assets

4

-

649

Tangible assets

5

-

291,837

-

292,486

CURRENT ASSETS

Stocks

-

1,021,728

Debtors

6

3,247,437

2,390,220

Cash at bank and in hand

-

83,937

3,247,437

3,495,885

CREDITORS

Amounts falling due within one year

7

186,891

664,255

NET CURRENT ASSETS

3,060,546

2,831,630

TOTAL ASSETS LESS CURRENT LIABILITIES

3,060,546

3,124,116

PROVISIONS FOR LIABILITIES

10

-

64,938

NET ASSETS

3,060,546

3,059,178

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

3,060,545

3,059,177

SHAREHOLDERS' FUNDS

3,060,546

3,059,178

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 Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

J Pitman - Director

1.	STATUTORY INFORMATION

C & S Tyres (UK) 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.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Depreciation and useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The carrying amount of tangible fixed assets is disclosed in note 5 to these financial statements.

Turnover

The company recognises turnover upon completion of the tyre replacement or repair. Turnover is measured at the fair value of the consideration received or receivable, and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

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.

Website design is being amortised at 15% reducing balance.

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

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Equipment

-

15% reducing balance

Stocks

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

Cost is determined using the weighted average cost method. Cost includes the purchase price, transport, handling, taxes and duties directly attributable to bringing the stock to its present location and condition.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock item is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed.

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.

Going concern

The directors assess wether the use of going concern is appropriate, i.e whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.

The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in preparation of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 7 ).

4.	INTANGIBLE FIXED ASSETS

Website

design

£

COST

At 1 November 2024

2,800

Disposals

(2,800

)

At 31 October 2025

-

AMORTISATION

At 1 November 2024

2,151

Eliminated on disposal

(2,151

)

At 31 October 2025

-

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

649

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 November 2024

362,610

623,627

35,489

1,021,726

Additions

-

-

1,657

1,657

Disposals

(362,610

)

(623,627

)

(37,146

)

(1,023,383

)

At 31 October 2025

-

-

-

-

DEPRECIATION

At 1 November 2024

254,116

449,221

26,552

729,889

Charge for year

12,205

32,492

1,047

45,744

Eliminated on disposal

(266,321

)

(481,713

)

(27,599

)

(775,633

)

At 31 October 2025

-

-

-

-

NET BOOK VALUE

At 31 October 2025

-

-

-

-

At 31 October 2024

108,494

174,406

8,937

291,837

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

-

472,051

Amounts owed by group undertakings

3,247,437

1,908,466

Prepayments and accrued income

-

9,703

3,247,437

2,390,220

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other loans

-

278,307

Trade creditors

-

256,312

Social security and other taxes

186,891

74,740

Other creditors

-

399

Accruals and deferred income

-

54,497

186,891

664,255

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Within one year

-

45,000

Between one and five years

-

135,000

-

180,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Other loans

-

278,307

Investec Bank plc holds fixed and floating charges over the assets and undertaking of the company in respect of other loans and in support of facilities provided to other group companies.

10.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

-

64,938

Deferred

tax

£

Balance at 1 November 2024

64,938

Provided during year

(64,938

)

Balance at 31 October 2025

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

1

Ordinary

1

1

1

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matt Hutchinson FCA FCCA (Senior Statutory Auditor)

for and on behalf of The Rowleys Partnership Ltd

13.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Noah Topco Limited, the company has taken advantage of the exemption contained in Financial Reporting Standard 102 and has therefore not disclosed transactions or balances with entities which form part of the group. The group consolidated financial statements of Noah Topco Limited, the ultimate parent company, can be obtained from Companies House.

14.	POST BALANCE SHEET EVENTS

After the year end but before the signing of these financial statements the whole group headed by Noah Topco Limited was purchased in full by Citira AB, a company owned and operated in Sweden.

15.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Noah Bidco Limited.

The smallest and largest group to consolidate these financial statements is Noah Topco Limited.

Copies of Noah Topco Limited consolidated financial statements can be obtained from its registered

office at Tyrefix, Brookside Industrial Estate, Spring Road, Ibstock, Leicestershire, LE67 6LR.

The ultimate holding company is Literacy Capital plc (Company Number 10976145). Literacy Capital

plc does not have an ultimate controlling party.