ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 07673036

GHS TYRE GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

GHS TYRE GROUP LIMITED

COMPANY INFORMATION

Directors	G R Short
	H R Short


Company secretaries	L Williams A Short M A Short G R Short


Registered number	07673036


Registered office	Leytonstone House
	3 Hanbury Drive
	Leytonstone
	London
	E11 1GA


Independent auditor	Barnes Roffe Audit Limited
	Chartered Accountants Statutory Auditor
	Leytonstone House
	3 Hanbury Drive
	London
	E11 1GA

GHS TYRE GROUP LIMITED

CONTENTS

	Page
Group strategic report	1
Directors' report	2 - 3
Independent auditor's report	4 - 7
Consolidated statement of income and retained earnings	8
Consolidated balance sheet	9 - 10
Company balance sheet	11
Consolidated statement of changes in equity	12
Company statement of changes in equity	13
Consolidated statement of cash flows	14 - 15
Consolidated analysis of net debt	16
Notes to the financial statements	17 - 36

GHS TYRE GROUP LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Introduction

The principal activity of the Company during the year was that of a holding company for its trading subsidiaries, G & S Tyre Services Limited, G & H (Holdings) Limited, and G H S Employee Services LLP.

The principal activity of G & S Tyre Services Limited was that of tyre distributors.

The principal activity of G & H (Holdings) Limited was that of business management and property development.

The principal activity of G H S Employee Services LLP was that of the provision of personnel services.

Business review

The directors are satisfied with the performance of the Group, given the tough trading conditions the tyre industry faces.

Principal risks and uncertainties

The principal risks to the group continue to be the uncertain economic conditions within the UK and the potential effect this could have on the group’s customer base. The directors consider the nature of the group’s customer base, as well as the type of service provided by the group, to be relatively stable and are hopeful that the group’s current performance will continue. The directors feel the Group will continue as a going concern for the foreseeable future.

Financial key performance indicators

The directors consider the key performance indicators to be turnover and gross margin percentage. Turnover has decreased by 7.2% to £10,976,820 (2024 - £11,834,643) and gross margin has increased from 38.7% to 39.2%.

This report was approved by the board on 29 May 2026 and signed on its behalf.

G R Short

Director

Page 1

GHS TYRE GROUP LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The directors present their report and the financial statements for the year ended 31 August 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £738,588 (2024 - £1,019,197).

During the year, the directors declared dividends of £550,000 (2024 - £550,000).

Directors

The directors who served during the year were:

G R Short

H R Short

Future developments

The Group aims to continue to build upon its strengths, maintain consistently high standards of service delivery, and invest in the Group’s resources in order to provide long term benefits to its clients, shareholders and employees.

Page 2

GHS TYRE GROUP LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditor

The auditor, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 29 May 2026 and signed on its behalf.

G R Short

Director

Page 3

GHS TYRE GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GHS TYRE GROUP LIMITED

Opinion

We have audited the financial statements of GHS Tyre Group Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 August 2025, which comprise the Group Statement of income and retained earnings, the Group and Company Balance sheets, the Group Statement of cash flows, the Group and Company Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the parent Company's affairs as at 31 August 2025 and of the Group's profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 4

GHS TYRE GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GHS TYRE GROUP LIMITED (CONTINUED)

Other information

The directors are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 5

GHS TYRE GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GHS TYRE GROUP LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

∙Ensuring that the engagement team collectively had the appropriate competence, capabilities and skills to identify non-compliance with applicable laws and regulations;

∙We identified the laws and regulations applicable to the company through discussions with directors, and from our commercial knowledge and experience of the relevant sector;

∙The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows - Companies Act 2006. FRS 102, Employment legislation and Tax legislation.

∙We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.

∙Laws and regulations were communicated within the audit team at the planning meeting, and the audit team remained alert to instances of non-compliance throughout the audit.

Page 6

GHS TYRE GROUP LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GHS TYRE GROUP LIMITED (CONTINUED)

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

∙Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

∙Considering the internal controls in place to mitigate risks of fraud and non- compliance with laws and regulations.

∙Reviewing the financial statements and testing the disclosures against supporting documentation;

∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;

∙Inspecting and testing journal entries to identify unusual or unexpected transactions

∙Assessing whether judgement and assumptions made in determining significant accounting estimates were indicative of management bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Simon Liggins (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Leytonstone House

3 Hanbury Drive

London

E11 1GA

29 May 2026

Page 7

GHS TYRE GROUP LIMITED

CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 AUGUST 2025

	2025	2024
Note	£	£


Turnover	4	10,976,820	11,834,643
Cost of sales		(6,652,339)	(7,249,940)
Gross profit		4,324,481	4,584,703
Administrative expenses		(3,306,982)	(3,188,914)
Operating profit	5	1,017,499	1,395,789
Interest receivable and similar income	8	2,976	2,763
Interest payable and similar expenses	9	(31,873)	(32,208)
Profit before tax		988,602	1,366,344
Tax on profit	10	(250,014)	(347,147)
Profit after tax		738,588	1,019,197



Retained earnings at the beginning of the year	8,197,595	7,728,398
	8,197,595	7,728,398
Profit for the year attributable to the owners of the parent	738,588	1,019,197
Dividends declared and paid	(550,000)	(550,000)
Retained earnings at the end of the year	8,386,183	8,197,595

Non-controlling interest at the end of the year

The notes on pages 17 to 36 form part of these financial statements.

Page 8

GHS TYRE GROUP LIMITED

REGISTERED NUMBER: 07673036

CONSOLIDATED BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	13		7,285,176		7,322,163
Investments	14		100		100
			7,285,276		7,322,263
Current assets
Stocks	15	1,452,913		1,607,532
Debtors: amounts falling due within one year	16	2,754,544		2,791,833
Cash at bank and in hand	17	1,210,098		1,008,154
		5,417,555		5,407,519
Creditors: amounts falling due within one year	18	(2,426,863)		(2,563,880)
Net current assets			2,990,692		2,843,639
Total assets less current liabilities			10,275,968		10,165,902
Creditors: amounts falling due after more than one year	19		(74,867)		(187,360)
Provisions for liabilities
Deferred taxation	21	(281,989)		(248,018)
			(281,989)		(248,018)
Net assets			9,919,112		9,730,524

Capital and reserves
Called up share capital	22	1,156	1,156
Revaluation reserve	23	1,530,633	1,530,633
Capital redemption reserve	23	140	140
Other reserves	23	1,000	1,000
Profit and loss account	23	8,386,183	8,197,595
		9,919,112	9,730,524

Page 9

GHS TYRE GROUP LIMITED

REGISTERED NUMBER: 07673036

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2026.

G R Short

Director

The notes on pages 17 to 36 form part of these financial statements.

Page 10

GHS TYRE GROUP LIMITED

REGISTERED NUMBER: 07673036

COMPANY BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Investments	14		1,100		1,100
			1,100		1,100
Current assets
Debtors: amounts falling due within one year	16	548,769		558,468
Cash at bank and in hand	17	7		7
		548,776		558,475
Creditors: amounts falling due within one year	18	(2,905)		(10,614)
Net current assets			545,871		547,861
Total assets less current liabilities			546,971		548,961


Net assets			546,971		548,961

Capital and reserves
Called up share capital	22		1,156		1,156
Capital redemption reserve	23		40		40
Profit and loss account brought forward		547,765		524,639
Profit for the year		548,010		573,126
Other changes in the profit and loss account		(550,000)		(550,000)
Profit and loss account carried forward			545,775		547,765
			546,971		548,961

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2026.

G R Short

Director

The notes on pages 17 to 36 form part of these financial statements.

Page 11


		GHS TYRE GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Capital redemption reserve	Revaluation reserve	Other reserves	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 September 2023	1,156	140	1,530,633	1,000	7,728,398	9,261,327

Profit for the year	-	-	-	-	1,019,197	1,019,197
Dividends: Equity capital	-	-	-	-	(550,000)	(550,000)

At 1 September 2024	1,156	140	1,530,633	1,000	8,197,595	9,730,524

Profit for the year	-	-	-	-	738,588	738,588
Dividends: Equity capital	-	-	-	-	(550,000)	(550,000)
At 31 August 2025	1,156	140	1,530,633	1,000	8,386,183	9,919,112

The notes on pages 17 to 36 form part of these financial statements.

Page 12

GHS TYRE GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 September 2023	1,156	40	524,639	525,835
Comprehensive income for the year
Profit for the year	-	-	573,126	573,126
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(550,000)	(550,000)
Total transactions with owners	-	-	(550,000)	(550,000)

At 1 September 2024	1,156	40	547,765	548,961
Comprehensive income for the year
Profit for the year	-	-	548,010	548,010
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(550,000)	(550,000)
Total transactions with owners	-	-	(550,000)	(550,000)
At 31 August 2025	1,156	40	545,775	546,971

The notes on pages 17 to 36 form part of these financial statements.

Page 13

GHS TYRE GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	738,588	1,019,197
Adjustments for:
Depreciation of tangible assets	421,429	372,956
Loss on disposal of tangible assets	-	(99,484)
Interest paid	31,873	32,208
Interest received	(2,976)	(2,763)
Taxation charge	250,014	347,147
Decrease/(increase) in stocks	154,619	(326,371)
Decrease/(increase) in debtors	37,289	(190,265)
(Decrease)/increase in creditors	(141,453)	158,489
Corporation tax (paid)	(182,913)	(293,499)
Net cash generated from operating activities	1,306,470	1,017,615

Cash flows from investing activities
Purchase of tangible fixed assets	(254,296)	(327,422)
Sale of tangible fixed assets	-	119,000
Interest received	2,976	2,763
HP interest paid	(30,192)	(24,558)
Net cash from investing activities	(281,512)	(230,217)
Cash flows from financing activities
Repayment of/new finance leases	(271,333)	(221,533)
Dividends paid	(550,000)	(550,000)
Interest paid	(1,681)	(7,650)
Net cash used in financing activities	(823,014)	(779,183)
Net increase in cash and cash equivalents	201,944	8,215
Cash and cash equivalents at beginning of year	1,008,154	999,939
Cash and cash equivalents at the end of year	1,210,098	1,008,154

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	1,210,098	1,008,154
	1,210,098	1,008,154

Page 14

GHS TYRE GROUP LIMITED

The notes on pages 17 to 36 form part of these financial statements.

Page 15

GHS TYRE GROUP LIMITED

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 AUGUST 2025


At 1 September 2024	Cash flows	HP Interest	New finance leases	Other non-cash changes	At 31 August 2025
£	£	£	£	£	£

Cash at bank and in hand	1,008,154	201,944	-	-	-	1,210,098
Debt due within 1 year	(4,925)	36,138	-	-	(35,373)	(4,160)
Finance leases	(493,817)	301,525	(30,192)	(130,148)	-	(352,632)
	509,412	539,607	(30,192)	(130,148)	(35,373)	853,306

The notes on pages 17 to 36 form part of these financial statements.

Page 16

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The Company and Group have considerable financial resources and are expected to continue to generate positive cash flows on their own account for the foreseeable future. As a consequence, the directors believe that the Company and Group are well placed to manage its business risks successfully. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 17

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.3

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of income and retained earnings from the date on which control is obtained. They are deconsolidated from the date control ceases.

In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 September 2014.

2.4

Associates and joint ventures

An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control.

An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.

In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated statement of income and retained earnings includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated balance sheet, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition.

Any premium on acquisition is dealt with in accordance with the goodwill policy.

Page 18

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.5

Revenue

The Group has the following main sources of revenue:

G H S Tyre Group Limited

The Company receives investment income from its subsidiaries. This is accounted for when received. The Company has no other forms of revenue.

G & S Tyre Services Limited - (the "Company" for the purpose of this note)

Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the Company and valued added taxes.

The Company recognises revenue when: (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the Company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and when the specific criteria in relation to each of the Company’s sales channels have been met, as described below:

(i) The Company sells tyres to distributors and consumers. Sales invoices are raised upon delivery. Delivery occurs when goods have been shipped from the Company’s warehouse, at which point the risks of obsolescence or loss have been transferred to the customer. It is at this point that revenue is recognised.

(ii) The Company also provides a variety of services relating to assistance, repair and fitting of tyres to industrial and commercial vehicles. Revenue is recognised in the accounting period in which the services are rendered.

All sales are normally made with credit terms, unless settled immediately in cash. The element of financing is deemed immaterial and disregarded in the measurement of revenue.

G & H (Holdings) Limited - (the "Company" for the purpose of this note)

Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the Company and valued added taxes.

The Company's source of revenue is from rental income from investment properties let to connected entities and for management services provided to these entities. Sales invoices are raised monthly in arrears for services provided. Revenue is recognised in the accounting period in which the services are rendered.

The Company also receives income from a participating interest. This is accounted for when received.

All sales, except for income from a participating interest, are made with credit terms unless settled immediately in cash. The element of financing is deemed immaterial and disregarded in the measurement of revenue.

Page 19

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

G H S Employee Services LLP - (the "LLP" for the purpose of this note)

Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the LLP and valued added taxes.

The LLP provides personnel services. Sales invoices are raised monthly in arrears for personnel services provided. Revenue is recognised in the accounting period in which the services are rendered. Sales are made with credit terms. The element of financing is deemed immaterial and disregarded in the measurement of revenue.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property	-	Not depreciated
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

The freehold property is maintained to a high standard and as such no depreciation is charged on the property. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the Group. It would not be practical to quantify the depreciation which might otherwise have been charged.

2.7

Revaluation of tangible fixed assets upon transition to FRS 102

Individual freehold and leasehold properties were carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Upon transition to FRS102 the exemption was taken to recognise this valuation amount as deemed cost.

Page 20

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.8

Investment properties

Investment properties for which fair values can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually, with the surplus or deficit being recognised in the profit and loss account.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

Page 21

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.13

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.15

Foreign currency translation

Functional and presentation currency

The Group's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.

2.16

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.18

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 22

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.19

Leased assets: the Group as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.20

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

2.21

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.22

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 23

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.23

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.24

Employee benefits

The Group provides a range of benefits to employees, including paid holiday arrangements.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the services is received.

Termination benefits

The Group is committed, by legislation and/or contractual obligations, to make payments to employees when the Group terminates their employment. Such payments are termination benefits. Because termination benefits do not provide the Group with future economic benefits, the Group recognises these as an expense in the Statement of comprehensive income immediately. The Group will only recognise termination benefits as a liability and an expense when the Group is demonstrably committed to terminate the employment of an employee or Group of employees before the normal retirement date.

2.25

Related party transactions

The Company discloses the transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned.

Page 24

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.26

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical judgments in applying the entity’s accounting policies

No critical accounting judgments have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions

Impairment of investment properties

The directors’ annually assess whether any investment property is impaired. Impairment reviews consist of assessing a number of factors including impairment due to market conditions that may only be transient or factors that indicate permanent impairment. Impairment losses are recognised in the Statement of comprehensive income.

Taxation

The Group establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Further details are contained in note 2.23 and note 10.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on the directors' knowledge and experience of the property market, recent market transactions, current rental yields and valuations performed by financial institutions on borrowings taken out which are secured on investment properties held by the Group. The carrying amount of the property plant and equipment is shown in note 13 and note 2.6 gives the useful economic lives for each class of assets.

Page 25

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Turnover

The whole of the turnover is attributable to the Group's principal activities. It is the opinion of the directors that disclosure of turnover of the Group by revenue stream is seriously prejudicial to the interests of the Group.

					2025	2024
					£	£

	United Kingdom	10,976,820	11,834,643

Depreciation of tangible fixed assets	421,429	372,956
Exchange differences	258	1,345
Other operating lease rentals	-	49,831
Defined contribution pension costs	35,373	37,259
Motor running costs	302,946	330,557

Fees payable to the Company's auditor for the audit of the consolidated and parent Company's financial statements

21,950

Page 26

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

7.	Employees
	Staff costs were as follows:

		Group	Group
		2025	2024
		£	£


Wages and salaries	1,711,573	1,774,030
Social security costs	139,166	130,672
Cost of defined contribution scheme	35,373	37,259
	1,886,112	1,941,961

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Administration and sales	38	40

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL)

8.	Interest receivable and similar income
		2025	2024
		£	£

Bank interest receivable

2,976

2,763

9.	Interest payable and similar expenses
		2025	2024
		£	£

Finance leases and hire purchase contracts	30,192	24,558
Other interest payable	1,681	7,650
	31,873	32,208

Page 27

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Corporation tax
Current tax on profits for the year	214,206	302,827
Adjustments in respect of previous periods	1,837	925
	216,043	303,752

Total current tax	216,043	303,752

Deferred tax
Origination and reversal of timing differences	33,971	43,395
Total deferred tax	33,971	43,395


	Taxation on profit on ordinary activities	250,014	347,147

Profit on ordinary activities before tax

988,602

1,366,344

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	248,177	341,586
Effects of:
Capital allowances for year in excess of depreciation	-	4,635
Adjustments to tax charge in respect of prior periods	1,837	926
Total tax charge for the year	250,014	347,147

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 28

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

11.	Dividends
		2025	2024
		£	£

Dividends payable on equity capital

550,000

12.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of income and retained earnings in these financial statements. The profit after tax of the parent Company for the year was £548,010 (2024 - £573,126).

Page 29

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

13.	Tangible fixed assets
	Group

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 September 2024	6,109,711	1,330,840	1,817,936	178,662	9,437,149
Additions	-	208,304	176,140	-	384,444
At 31 August 2025	6,109,711	1,539,144	1,994,076	178,662	9,821,593
Depreciation
At 1 September 2024	47,554	970,277	944,199	152,956	2,114,986
Charge for the year on owned assets	-	114,919	78,620	6,428	199,967
Charge for the year on financed assets	-	1,259	220,205	-	221,464
At 31 August 2025	47,554	1,086,455	1,243,024	159,384	2,536,417
Net book value
At 31 August 2025	6,062,157	452,689	751,052	19,278	7,285,176
At 31 August 2024	6,062,157	360,563	873,737	25,706	7,322,163

Page 30

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

13.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Plant and machinery	3,776	5,035
Motor vehicles	722,792	836,054
	726,568	841,089

Included within freehold property above are land and buildings at valuation of £5,500,000, which cost £3,975,788 and that were subject to revaluation by Stiles, Harold and Williams, surveyors.

Upon transition to FRS102 the exemption was taken to recognise this revaluation amount as deemed cost.

If the land and buildings had not been included at valuation, they would have been included under the historical cost convention at a cost of £3,975,788 with no accumulated depreciation.

14.	Fixed asset investments
	Group

		Investments in associates
		£
	Cost or valuation
	At 1 September 2024	100
	At 31 August 2025	100

Page 31

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 September 2024	1,100
	At 31 August 2025	1,100

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Principal activity	Class of shares	Holding

G&S Tyre Services Limited	Tyre distributors -	Ordinary* -	100% -
G&H (Holdings) Limited	Business management and property development -	Ordinary -	100% -
GHS Employee Services LLP	Provider of personnel services -	Equity member** -	100% -

* G H S Tyre Group Limited owns 90% directly with the remaining 10% owned by a subisidiary entity, G H S Employee Services LLP.

** G H S Tyre Group Limited is the controller of and sole equity member of G H S Employee Services LLP.

15.	Stocks
		Group	Group
		2025	2024
		£	£

	Finished goods and goods for resale	1,452,913	1,607,532

	The difference between purchase price or production cost of stocks and their replacement cost is not material.
	Stock recognised in cost of sales during the year as an expense was £6,644,820 (2024 - £7,205,733).

Page 32

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

16.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	1,966,154	2,103,508	-	-
Amounts owed by group undertakings	-	-	548,572	558,271
Other debtors	554,565	453,130	197	197
Prepayments and accrued income	233,825	235,195	-	-
	2,754,544	2,791,833	548,769	558,468

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are payable on demand.

17.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

	Cash at bank and in hand	1,210,098	1,008,154	7	7

18.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Trade creditors	1,536,966	1,649,659	-	-
Corporation tax	245,612	212,482	2,905	10,614
Other taxation and social security	276,821	285,613	-	-
Obligations under finance lease and hire purchase contracts	277,765	306,457	-	-
Other creditors	52,595	44,272	-	-
Accruals and deferred income	37,104	65,397	-	-
	2,426,863	2,563,880	2,905	10,614

Page 33

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

19.	Creditors: Amounts falling due after more than one year
		Group	Group
		2025	2024
		£	£

	Net obligations under finance leases and hire purchase contracts	74,867	187,360

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

The bank overdrafts of £nil (2024 - £nil) are secured by a cross guarantee and debenture between GHS Tyre Group Limited and its subsidiaries.

Hire purchase obligations of £352,632 (2024 - £493,817) are secured on the assets to which they relate.

20.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group	Group
		2025	2024
		£	£

Within one year	277,765	306,457
Between 1-5 years	74,867	187,360
	352,632	493,817

Page 34

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

21.	Deferred taxation
	Group

	2025	2024
	£	£

At beginning of year	(248,018)	(204,623)
Charged to profit or loss	(33,971)	(43,395)
At end of year	(281,989)	(248,018)

Company

	2025	2024

At end of year	-	-


		Group	Group
		2025	2024
		£	£

Accelerated capital allowances	(235,915)	(201,944)
Deferred tax movement on revalued property	(46,074)	(46,074)
	(281,989)	(248,018)

22.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

960 (2024 - 960) Ordinary shares of £1.00 each	960	960
100 (2024 - 100) Ordinary A shares of £1.00 each	100	100
96 (2024 - 96) Ordinary B shares of £1.00 each	96	96

	1,156	1,156

Page 35

GHS TYRE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

23.

Reserves

Revaluation reserve

The revaluation reserve represents the cumulative revaluations of the freehold property. These are non- distributable reserves.

Capital redemption reserve

The capital redemption reserve relates to the nominal value of historic company share repurchases.

Other reserves

Other reserves represents an adjustment on consolidation when applying merger relief considerations. This is a non-distributable reserve.

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.

24.	Pension commitments

The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £35,373 (2024 - £37,259).

Contributions totalling £4,160 (2024 - £4,925) were payable to the fund at the balance sheet date and are included in creditors.

25.	Commitments under operating leases

The Group and the Company had no commitments under non-cancellable operating leases at the balance sheet date.

26.	Controlling party

The Group regards G R Short and H R Short to be the controlling parties.

Page 36