Acorah Software Products - Accounts Production 19.3.550 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 09257670 Mr Dean Pittaras iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09257670 2024-10-31 09257670 2025-10-31 09257670 2024-11-01 2025-10-31 09257670 frs-core:CurrentFinancialInstruments 2025-10-31 09257670 frs-core:Non-currentFinancialInstruments 2025-10-31 09257670 frs-core:MotorVehicles 2025-10-31 09257670 frs-core:MotorVehicles 2024-11-01 2025-10-31 09257670 frs-core:MotorVehicles 2024-10-31 09257670 frs-core:PlantMachinery 2025-10-31 09257670 frs-core:PlantMachinery 2024-11-01 2025-10-31 09257670 frs-core:PlantMachinery 2024-10-31 09257670 frs-core:OtherReservesSubtotal 2025-10-31 09257670 frs-core:ShareCapital 2025-10-31 09257670 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 09257670 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 09257670 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 09257670 frs-bus:SmallEntities 2024-11-01 2025-10-31 09257670 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 09257670 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 09257670 frs-bus:Director1 2024-11-01 2025-10-31 09257670 frs-core:Non-currentFinancialInstruments 1 2025-10-31 09257670 frs-core:Non-currentFinancialInstruments 5 2025-10-31 09257670 frs-core:Non-currentFinancialInstruments 6 2025-10-31 09257670 frs-countries:EnglandWales 2024-11-01 2025-10-31 09257670 2023-10-31 09257670 2024-10-31 09257670 2023-11-01 2024-10-31 09257670 frs-core:CurrentFinancialInstruments 2024-10-31 09257670 frs-core:Non-currentFinancialInstruments 2024-10-31 09257670 frs-core:OtherReservesSubtotal 2024-10-31 09257670 frs-core:ShareCapital 2024-10-31 09257670 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09257670 frs-core:Non-currentFinancialInstruments 1 2024-10-31 09257670 frs-core:Non-currentFinancialInstruments 5 2024-10-31 09257670 frs-core:Non-currentFinancialInstruments 6 2024-10-31
Registered number: 09257670
Costas Tyres Retail Limited
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09257670
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,969 39,744
45,969 39,744
CURRENT ASSETS
Stocks 5 61,059 54,588
Debtors 6 10,079 473
Cash at bank and in hand 9,924 5,157
81,062 60,218
Creditors: Amounts Falling Due Within One Year 7 (66,380 ) (33,683 )
NET CURRENT ASSETS (LIABILITIES) 14,682 26,535
TOTAL ASSETS LESS CURRENT LIABILITIES 60,651 66,279
Creditors: Amounts Falling Due After More Than One Year 8 (29,639 ) (43,070 )
NET ASSETS 31,012 23,209
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 2,533 2,533
Profit and Loss Account 28,379 20,576
SHAREHOLDERS' FUNDS 31,012 23,209
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dean Pittaras
Director
6th July 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Costas Tyres Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09257670 . The registered office is 15 - 17 Aintree Road, Bootle, Liverpool, L20 9DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20
Motor Vehicles 25
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Sales, marketing and distribution 1 1
Manufacturing 2 2
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2024 55,117 1,500 56,617
Additions 21,385 - 21,385
Disposals (8,721 ) - (8,721 )
As at 31 October 2025 67,781 1,500 69,281
Depreciation
As at 1 November 2024 16,548 325 16,873
Provided during the period 10,680 294 10,974
Disposals (4,535 ) - (4,535 )
As at 31 October 2025 22,693 619 23,312
Net Book Value
As at 31 October 2025 45,088 881 45,969
As at 1 November 2024 38,569 1,175 39,744
5. Stocks
2025 2024
£ £
Materials 61,059 54,588
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors (11 ) (557 )
Net wages 1,090 1,030
Director's loan account 9,000 -
10,079 473
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 54,064 27,398
Corporation tax 6,404 1,014
VAT 5,912 5,271
66,380 33,683
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
HSBC Small Business Loan 1,929 7,253
Aldermoore Bank PLC 22,701 35,817
Kennet Equipment 5,009 -
29,639 43,070
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Dean Pittaras 30,000 25,000
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