REGISTERED NUMBER: 12193422 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Electronic Tyres Online Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Coleman

M E R Wise

R T Croft

M S Balmbra

REGISTERED OFFICE:

Colewood House

1 Kingfisher Way

Kingfisher Court

STOCKTON-ON-TEES

TS18 3EX

REGISTERED NUMBER:

12193422 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

136,039

151,719

Tangible assets

5

79,507

-

215,546

151,719

CURRENT ASSETS

Debtors

6

715,172

660,159

Cash at bank

93,076

308,042

808,248

968,201

CREDITORS

Amounts falling due within one year

7

1,011,623

1,097,018

NET CURRENT LIABILITIES

(203,375

)

(128,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,171

22,902

CREDITORS

Amounts falling due after more than one year

8

(2,138

)

(11,718

)

PROVISIONS FOR LIABILITIES

9

(3,255

)

(8,092

)

NET ASSETS

6,778

3,092

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

6,678

2,992

SHAREHOLDERS' FUNDS

6,778

3,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2026 and were signed on its behalf by:

T M Coleman - Director

1.	STATUTORY INFORMATION

Electronic Tyres Online Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies under common control.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition

Income is recognised when a contract for the sale of goods is determined as unconditional.

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 development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 September 2024

354,652

Additions

50,000

At 31 August 2025

404,652

AMORTISATION

At 1 September 2024

202,933

Amortisation for year

65,680

At 31 August 2025

268,613

NET BOOK VALUE

At 31 August 2025

136,039

At 31 August 2024

151,719

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

94,325

At 31 August 2025

94,325

DEPRECIATION

Charge for year

14,818

At 31 August 2025

14,818

NET BOOK VALUE

At 31 August 2025

79,507

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27,207

107,646

Other debtors

747

-

Amounts owed by related undertakings

509,704

361,140

Directors' current accounts

60,197

81,823

Prepayments and accrued income

117,317

109,550

715,172

660,159

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

410,593

547,863

Amounts owed to related undertakings

435,632

366,906

Taxation and social security

86,553

103,130

Other creditors

331

74

Accruals and deferred income

68,514

69,045

1,011,623

1,097,018

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,138

10,000

Bank loans - 2-5 years

-

1,718

2,138

11,718

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,255

8,092

Deferred

tax

£

Balance at 1 September 2024

8,092

Accelerated capital allowances

(4,837

)

Balance at 31 August 2025

3,255

10.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

90

Ordinary A

£1.00 each

-

90

5

Ordinary B

£1.00 each

-

5

5

Ordinary C

£1.00 each

-

5

900

Ordinary A

£0.10 each

90

-

25

Ordinary B

£0.10 each

3

-

50

Ordinary C

£0.10 each

5

-

25

Ordinary D

£0.10 each

2

-

100

100

On 20 December 2024, Ordinary A, Ordinary B and Ordinary C shares were subdivided from £1 shares to £0.10 shares.

The following shares were issued during the year for cash at par:

D Shares

D shares entitle the holders thereof to any dividends or distributions that are made or declared by the company on the D shares in proportion to the holdings.

D shares shall confer upon the holders the right to attend and vote at any general meeting or on a written resolution.

D shares are not redeemable.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

M E R Wise

Balance outstanding at start of year

39,702

22,202

Amounts advanced

85,500

95,500

Amounts repaid

(96,750

)

(78,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,452

39,702

R T Croft

Balance outstanding at start of year

42,121

24,224

Amounts advanced

86,374

95,897

Amounts repaid

(96,750

)

(78,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,745

42,121

Interest has not been charged on directors advances, no set repayment terms are in place.