REGISTERED NUMBER: 14311464 (England and Wales)

RICHARDS TYRES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M H Richards

Mr J R Richards

REGISTERED OFFICE:

25 Picton Close

Templeton

Narberth

Pembrokeshire

SA67 8SZ

REGISTERED NUMBER:

14311464 (England and Wales)

FIXED ASSETS

Tangible assets

4

54,276

23,657

CURRENT ASSETS

Stocks

264,542

140,704

Debtors

192,462

107,008

Cash at bank and in hand

48,510

33,024

505,514

280,736

CREDITORS

Amounts falling due within one year

466,552

255,388

NET CURRENT ASSETS

38,962

25,348

TOTAL ASSETS LESS CURRENT LIABILITIES

93,238

49,005

CREDITORS

Amounts falling due after more than one year

11,315

4,675

NET ASSETS

81,923

44,330

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

81,921

44,328

81,923

44,330

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 May 2026 and were signed on its behalf by:

Mr M H Richards - Director

Mr J R Richards - Director

1.	STATUTORY INFORMATION

Richards Tyres 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 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

28,315

Additions

38,083

At 31 August 2025

66,398

DEPRECIATION

At 1 September 2024

4,658

Charge for year

7,464

At 31 August 2025

12,122

NET BOOK VALUE

At 31 August 2025

54,276

At 31 August 2024

23,657

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

17,850

Reclassification/transfer

18,995

At 31 August 2025

36,845

DEPRECIATION

Charge for year

3,172

Reclassification/transfer

3,862

At 31 August 2025

7,034

NET BOOK VALUE

At 31 August 2025

29,811