Broadway Tyre Company Limited 31/03/2026 iXBRL

Company registration number: 01162444

Broadway Tyre Company Limited

Unaudited filleted financial statements

31 March 2026

Broadway Tyre Company Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Broadway Tyre Company Limited

Directors and other information


	Directors
		Mr D J Gardner
		Mrs B J Lund
		Mrs C L Quick


	Company number	01162444


	Registered office	2 Tolherst Court
		Turkey Mill Business Park
		Maidstone
		Kent
		ME14 5SF


	Business address	2 Penn Road
		Beaconsfield
		Buckinghamshire
		HP9 2PE


	Accountants	Couch Bright King & Co
		2 Tolherst Court
		Turkey Mill Business Park
		Maidstone
		Kent
		ME14 5SF

Broadway Tyre Company Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Broadway Tyre Company Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Broadway Tyre Company Limited for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.

Couch Bright King & Co

Chartered Accountant

2 Tolherst Court

Turkey Mill Business Park

Maidstone

Kent

ME14 5SF

14 May 2026

Broadway Tyre Company Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	-		1,550,387
		_________		_________
			-		1,550,387

Current assets
Stocks		-		77,282
Debtors	6	2,537,076		336,524
Cash at bank and in hand		15,498		212,737
		_________		_________
		2,552,574		626,543
Creditors: amounts falling due
within one year	7	( 384,871)		( 354,964)
		_________		_________
Net current assets			2,167,703		271,579
			_________		_________
Total assets less current liabilities			2,167,703		1,821,966


Provisions for liabilities			-		( 30,982)

			_________		_________
Net assets			2,167,703		1,790,984
			_________		_________

Capital and reserves
Called up share capital	9		8,000		8,000
Revaluation reserve			-		1,316,556
Profit and loss account			2,159,703		466,428
			_________		_________
Shareholders funds			2,167,703		1,790,984
			_________		_________

For the year ending 31 March 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 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 statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 May 2026 , and are signed on behalf of the board by:

Mr D J Gardner

Director

Company registration number: 01162444

Broadway Tyre Company Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 2 Tolherst Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent ME14 5SF.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Provisions

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

The company operates a defined contribution scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 9 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	1,500,000	150,037	64,829	1,714,866
Disposals	( 1,500,000)	( 150,037)	( 64,829)	( 1,714,866)
	_________	_________	_________	_________
At 31 March 2026	-	-	-	-
	_________	_________	_________	_________
Depreciation
At 1 April 2025	-	117,128	47,351	164,479
Disposals	-	( 117,128)	( 47,351)	( 164,479)
	_________	_________	_________	_________
At 31 March 2026	-	-	-	-
	_________	_________	_________	_________
Carrying amount
At 31 March 2026	-	-	-	-
	_________	_________	_________	_________
At 31 March 2025	1,500,000	32,909	17,478	1,550,387
	_________	_________	_________	_________

Tangible assets held at valuation

All land and buildings are investment properties.

6. Debtors

	2026	2025
	£	£
Trade debtors	2,400,054	40,405
Other debtors	137,022	296,119
	_________	_________
	2,537,076	336,524
	_________	_________

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	-	156,824
Trade creditors	-	95,120
Corporation tax	211,370	35,394
Social security and other taxes	-	48,287
Other creditors	173,501	19,339
	_________	_________
	384,871	354,964
	_________	_________

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note )	-	30,982
	_________	_________

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	-	1,159
Fair value adjustment of investment property	-	29,823
	_________	_________
	(-)	30,982
	_________	_________

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary shares shares of £ 1.00 each	4,000	4,000	4,000	4,000
Ordinary A - E shares shares of £ 1.00 each	4,000	4,000	4,000	4,000
	_________	_________	_________	_________
	8,000	8,000	8,000	8,000
	_________	_________	_________	_________

10. Contingent assets and liabilities

At 31st March 2026 there were no contingent liabilities.