MJR Tyres Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14230887

MJR Tyres Ltd

Filleted Unaudited Financial Statements

31 July 2025

MJR Tyres Ltd

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	402,000	400,000

Current assets

Debtors	5	23,798	12,525

Creditors: amounts falling due within one year	6	403,707	400,693
		-----------	-----------
Net current liabilities		379,909	388,168
		-----------	-----------
Total assets less current liabilities		22,091	11,832
		----------	----------
Net assets		22,091	11,832
		----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	21,991	11,732
	----------	----------
Shareholders funds	22,091	11,832
	----------	----------

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.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MJR Tyres Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Mr Scott Alexander Graham
Director

Company registration number: 14230887

MJR Tyres Ltd

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chapel Street Tyre Centre, Chapel Street, Handsworth, Birmingham, B21 0PA, United Kingdom.

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, 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.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

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.

4. Investments

	Other investments other than loans
	£
Cost
At 1 August 2024	400,000
Additions	2,000
	-----------
At 31 July 2025	402,000
	-----------
Impairment
At 1 August 2024 and 31 July 2025	–
	-----------

Carrying amount
At 31 July 2025	402,000
	-----------
At 31 July 2024	400,000
	-----------

		2025
		£
	Shares in related companies	501

	Details of the related company are:
	Name of the company Chapel Tyres (West Bromwich) Ltd
	Country of incorporation England & Wales
	Number of shares held 501
	Proportion of total shares held 50.1%
	Nature of business Selling tyres

The profit after tax for the year ended 30th June 2025 and the capital & reserves as at 30th June 2025 in respect of the subsidiary, Chapel Tyres (West Bromwich) Limited, is as follows:

	Profit for the year after taxation	Capital & reserves
	£	£
Chapel Tyres (West Bromwich) Ltd	131,628	690,299
	-----------	-----------
	132,129	690,299
	-----------	-----------

5. Debtors

	2025	2024
	£	£
Other debtors	23,798	12,525
	----------	----------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Director loan accounts	249,900	399,900
Accruals	780	613
Other creditors	153,027	180
	-----------	-----------
	403,707	400,693
	-----------	-----------

7. Director's advances, credits and guarantees

The directors loan account was not overdrawn in the current year.