Registration number: 04025001

Ribble Valley Tyre & Auto Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Ribble Valley Tyre & Auto Services Limited

Company Information

Directors

Mr D L Newby Mrs S M Newby

Registered office

Willow Tree Barn Ashley Lane Goosnargh Preston PR3 2EE

Accountants

Red Dot Accountants Ltd Chartered Accountants15 Olympic Court Whitehills Business Park Blackpool Lancashire FY4 5GU

Ribble Valley Tyre & Auto Services Limited

(Registration number: 04025001)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	488,390	498,759
Current assets
Stocks	6	44,310	42,956
Debtors	7	880,432	887,987
Cash at bank and in hand		428,267	337,826
		1,353,009	1,268,769
Creditors: Amounts falling due within one year	8	(295,186)	(347,396)
Net current assets		1,057,823	921,373
Total assets less current liabilities		1,546,213	1,420,132
Creditors: Amounts falling due after more than one year	8	(52,200)	(65,700)
Provisions for liabilities		(5,782)	(5,977)
Net assets		1,488,231	1,348,455
Capital and reserves
Called up share capital	9	100	100
Retained earnings		1,488,131	1,348,355
Shareholders' funds		1,488,231	1,348,455

For the financial year ending 30 September 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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’.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... Mr D L Newby Director

Ribble Valley Tyre & Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Willow Tree Barn
Ashley Lane
Goosnargh
Preston
PR3 2EE

The principal place of business is:
Kestor Lane
Longridge
Preston
Lancashire
PR3 3AD
England

These financial statements were authorised for issue by the Board on 17 December 2025.

2	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 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 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 value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Ribble Valley Tyre & Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Plant and machinery	15% on reducing balance
Motor vehicles	25% on reducing balance
Office equipment	33% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Ribble Valley Tyre & Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2024	5,050	5,050
At 30 September 2025	5,050	5,050
Amortisation
At 1 October 2024	5,050	5,050
At 30 September 2025	5,050	5,050
Carrying amount
At 30 September 2025	-	-

Ribble Valley Tyre & Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	549,188	127,065	17,075	693,328
Additions	-	2,443	3,700	6,143
At 30 September 2025	549,188	129,508	20,775	699,471
Depreciation
At 1 October 2024	81,887	101,692	10,990	194,569
Charge for the year	9,345	4,721	2,446	16,512
At 30 September 2025	91,232	106,413	13,436	211,081
Carrying amount
At 30 September 2025	457,956	23,095	7,339	488,390
At 30 September 2024	467,301	25,373	6,085	498,759

Included within the net book value of land and buildings above is £457,956 (2024 - £467,301) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	44,310	42,956

7

Debtors

	2025 £	2024 £
Trade debtors	77,503	83,111
Prepayments	3,429	4,976
Other debtors	799,500	799,900
	880,432	887,987

Ribble Valley Tyre & Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	12,600	12,600
Trade creditors		57,589	55,389
Taxation and social security		94,939	73,266
Accruals and deferred income		4,345	4,795
Other creditors		125,713	201,346
		295,186	347,396

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	52,200	65,700

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Ribble Valley Tyre & Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	52,200	65,700

Current loans and borrowings

	2025 £	2024 £
Other borrowings	12,600	12,600