Registration number: 6351047

Ise Valley Tyres Ltd

Contents

Director's Report	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Ise Valley Tyres Ltd

Director's Report for the Year Ended 31 August 2025

The director presents his report and the abridged financial statements for the year ended 31 August 2025.

Director of the company

The director who held office during the year was as follows:

J Packer

Principal activity

The principal activity of the company is tyre repair and maintenance

Small companies provision statement

This report has 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.

Approved and authorised by the director on 21 May 2026
 

......................................... J Packer Director

Ise Valley Tyres Ltd

(Registration number: 6351047)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	3,339	5,363
Current assets
Stocks		1,274	3,615
Debtors		16,089	12,656
Cash at bank and in hand		10,839	9,499
		28,202	25,770
Creditors: Amounts falling due within one year		(28,502)	(27,125)
Net current liabilities		(300)	(1,355)
Total assets less current liabilities		3,039	4,008
Provisions for liabilities		(635)	(1,019)
Net assets		2,404	2,989
Capital and reserves
Called up share capital		100	100
Retained earnings		2,304	2,889
Shareholders' funds		2,404	2,989

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of fileted Abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 May 2026
 

......................................... J Packer Director

Ise Valley Tyres Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

1	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 abridged 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 abridged 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.

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.

Tax

The tax expense for the period comprises 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 corporation 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 statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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
Plant and machinery	20% of cost
Office equipment	Over 3 years

Ise Valley Tyres Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

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.

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.

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

3	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	4,004	9,985	12,069	26,058
At 31 August 2025	4,004	9,985	12,069	26,058
Depreciation
At 1 September 2024	2,805	6,825	11,065	20,695
Charge for the year	599	790	635	2,024
At 31 August 2025	3,404	7,615	11,700	22,719
Carrying amount
At 31 August 2025	600	2,370	369	3,339
At 31 August 2024	1,199	3,160	1,004	5,363