Company registration number: NI060795
Annual report and unaudited financial statements
for the year ended 30 September 2025
for
Thompson Tyres Limited
Pages for filing with the Registrar
Company registration number: NI060795
Thompson Tyres Limited
Balance sheet
as at 30 September 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 43,625 72,076
Investment property 5 484,119 484,119
527,744 556,195
Current assets
Stocks 192,090 174,038
Debtors 6 145,700 130,253
Cash at bank and in hand 931,553 760,174
1,269,343 1,064,465
Creditors: amounts falling due within one
year 		7 (419,804) (325,881)
Net current assets 849,539 738,584
Total assets less current liabilities 1,377,283 1,294,779
Provisions for liabilities (10,729) (17,292)
NET ASSETS 1,366,554 1,277,487
Capital and reserves
Called up share capital 52 2
Profit and loss account 1,366,502 1,277,485
TOTAL EQUITY 1,366,554 1,277,487
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI060795
Thompson Tyres Limited
Balance sheet - continued
as at 30 September 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 June 2026 and signed on its behalf by:
Mr P Thompson, Director
2 June 2026
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Thompson Tyres Limited
Notes to the financial statements
for the year ended 30 September 2025
1 Company information
Thompson Tyres Limited is a private company registered in Northern Ireland. Its registered number is NI060795. The company is limited by shares. Its registered office is Thompson Tyres, 31 Downshire Road, Banbridge, County Down, BT32 3JY.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 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.:
Plant and Machinery - 20% reducing balance
Fixtures and Fittings - 15% reducing balance
Motor Vehicles - 20% reducing balance
Computer Equipment - 20% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Thompson Tyres Limited
Notes to the financial statements - continued
for the year ended 30 September 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 11 (2024 - 12).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2024 191,804
Additions 21,663
Disposals (49,167)
At 30 September 2025 164,300
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Thompson Tyres Limited
Notes to the financial statements - continued
for the year ended 30 September 2025
4 Tangible fixed assets - continued
Depreciation
At 1 October 2024 119,728
Charge for year 10,780
Eliminated on disposal (9,833)
At 30 September 2025 120,675
Net book value
At 30 September 2025 43,625
At 30 September 2024 72,076
5 Investment property
£
Valuation
At 1 October 2024 484,119
Disposals -
At 30 September 2025 484,119
6 Debtors
2025 2024
£ £
Trade debtors 145,700 130,253
7 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 315,636 203,838
Amounts owed to directors 2,738 53,284
Taxation 61,872 42,887
VAT payable 26,355 17,180
Accruals and deferred income 13,203 8,692
419,804 325,881
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