Motorway Tyres (Luton) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00881557

Motorway Tyres (Luton) Limited

Filleted Unaudited Financial Statements

31 January 2026

Motorway Tyres (Luton) Limited

Financial Statements

Year ended 31 January 2026

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Motorway Tyres (Luton) Limited

Balance Sheet

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		14,927		18,689

Current assets

Stocks		11,500	11,500
Debtors	6	33,388	32,614
Cash at bank and in hand		34,112	33,738
		--------	--------
		79,000	77,852

Creditors: amounts falling due within one year	7	120,051		97,655
		---------		--------
Net current liabilities			41,051		19,803
			--------		--------
Total assets less current liabilities			( 26,124)		( 1,114)

Provisions

Taxation including deferred tax	–	3,551
	--------	-------
Net liabilities	( 26,124)	( 4,665)
	--------	-------

Motorway Tyres (Luton) Limited

Balance Sheet (continued)

31 January 2026

	2026		2025
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 26,224)	( 4,765)
	--------	-------
Shareholders deficit	( 26,124)	( 4,665)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 June 2026 , and are signed on behalf of the board by:

Mr W F Downer

Director

Company registration number: 00881557

Motorway Tyres (Luton) Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The directors acknowledge the losses during the year, but believe with their continued support that the companies is a going concern.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	20% reducing balance
Fixtures and Fittings	-	20% reducing balance
Motor Vehicles	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2025	4,283	7,610	26,000	37,893
Disposals	–	( 2,127)	–	( 2,127)
	-------	-------	--------	--------
At 31 January 2026	4,283	5,483	26,000	35,766
	-------	-------	--------	--------
Depreciation
At 1 February 2025	2,838	6,878	9,488	19,204
Charge for the year	312	147	3,302	3,761
Disposals	–	( 2,126)	–	( 2,126)
	-------	-------	--------	--------
At 31 January 2026	3,150	4,899	12,790	20,839
	-------	-------	--------	--------
Carrying amount
At 31 January 2026	1,133	584	13,210	14,927
	-------	-------	--------	--------
At 31 January 2025	1,445	732	16,512	18,689
	-------	-------	--------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	8,000	7,918
Other debtors	25,388	24,696
	--------	--------
	33,388	32,614
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	39,730	43,413
Social security and other taxes	20,593	18,356
Other creditors	59,728	35,886
	---------	--------
	120,051	97,655
	---------	--------

8. Directors' advances, credits and guarantees

The directors, had an interest-free loan during the year, repayable on demand. At the beginning and end of the year the company owed them £645.

9. Related party transactions

At the year end the company owed £52,538 (2025: £29,748) to a company controlled by the directors. The loan is interest free and repayable on demand. At the year end the company was owed £997 (2025: £9,413) by a family member of the directors. The loan was repayable on demand and interest free.