REGISTERED NUMBER: 06966943 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Tyre Medics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Spencer

REGISTERED OFFICE:

72-74

Upper Bond Street

Hinckley

Leicestershire

LE10 1RJ

REGISTERED NUMBER:

06966943 (England and Wales)

ACCOUNTANTS:

Geoff Cowley & Co Ltd

Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

FIXED ASSETS

Tangible assets

4

1,039,177

1,011,466

CURRENT ASSETS

Stocks

46,099

44,090

Debtors

5

550,264

364,834

Cash at bank

411,860

448,581

1,008,223

857,505

CREDITORS

Amounts falling due within one year

6

462,491

455,352

NET CURRENT ASSETS

545,732

402,153

TOTAL ASSETS LESS CURRENT LIABILITIES

1,584,909

1,413,619

CREDITORS

Amounts falling due after more than one year

7

(625,915

)

(625,915

)

PROVISIONS FOR LIABILITIES

(37,655

)

(21,542

)

NET ASSETS

921,339

766,162

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

921,239

766,062

SHAREHOLDERS' FUNDS

921,339

766,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2026 and were signed by:

C Spencer - Director

1.	STATUTORY INFORMATION

Tyre Medics 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

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

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.

Deferred tax

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2025

849,769

21,088

196,412

Additions

-

-

11,419

Disposals

-

-

(90,569

)

At 31 March 2026

849,769

21,088

117,262

DEPRECIATION

At 1 April 2025

-

-

143,551

Charge for year

-

-

5,644

Eliminated on disposal

-

-

(54,509

)

At 31 March 2026

-

-

94,686

NET BOOK VALUE

At 31 March 2026

849,769

21,088

22,576

At 31 March 2025

849,769

21,088

52,861

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

22,335

320,624

12,489

1,422,717

Additions

-

116,711

3,157

131,287

Disposals

-

(72,125

)

(6,385

)

(169,079

)

At 31 March 2026

22,335

365,210

9,261

1,384,925

DEPRECIATION

At 1 April 2025

21,684

236,797

9,219

411,251

Charge for year

214

47,081

2,003

54,942

Eliminated on disposal

-

(59,911

)

(6,025

)

(120,445

)

At 31 March 2026

21,898

223,967

5,197

345,748

NET BOOK VALUE

At 31 March 2026

437

141,243

4,064

1,039,177

At 31 March 2025

651

83,827

3,270

1,011,466

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

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

23,780

DEPRECIATION

At 1 April 2025

22,032

Charge for year

765

At 31 March 2026

22,797

NET BOOK VALUE

At 31 March 2026

983

At 31 March 2025

1,748

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

545,211

360,102

Other debtors

5,053

4,732

550,264

364,834

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

366,752

357,144

Taxation and social security

94,826

97,443

Other creditors

913

765

462,491

455,352

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

625,915

625,915

Amounts falling due in more than five years:

Repayable by instalments

Mortgage Account

625,915

625,915

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

1

100

100