REGISTERED NUMBER: 07731095 (England and Wales)

ELBE INDUSTRIAL TYRES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M D Bettinson

REGISTERED OFFICE:

Unit 1 Moy Road Industrial Estate

Taffs Well

Cardiff

CF15 7QR

REGISTERED NUMBER:

07731095 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

226,730

192,388

CURRENT ASSETS

Stocks

105,000

95,000

Debtors

5

409,302

477,346

Cash at bank

37,004

54,697

551,306

627,043

CREDITORS

Amounts falling due within one year

6

408,560

541,996

NET CURRENT ASSETS

142,746

85,047

TOTAL ASSETS LESS CURRENT LIABILITIES

369,476

277,435

CREDITORS

Amounts falling due after more than one year

7

(22,001

)

(47,999

)

PROVISIONS FOR LIABILITIES

(56,682

)

(48,097

)

NET ASSETS

290,793

181,339

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

290,792

181,338

290,793

181,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2026 and were signed by:

Mr M D Bettinson - Director

1.	STATUTORY INFORMATION

Elbe Industrial Tyres Limited 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% straight line on cost

Government grants

Grants are recognised over the period for which the grant is intended to compensate. Grants that are receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

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 Statement of Income and Retained Earnings, 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.

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 11 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2025

113,954

268,701

5,721

388,376

Additions

66,885

40,176

1,939

109,000

At 31st March 2026

180,839

308,877

7,660

497,376

DEPRECIATION

At 1st April 2025

82,736

109,011

4,241

195,988

Charge for year

24,526

48,419

1,713

74,658

At 31st March 2026

107,262

157,430

5,954

270,646

NET BOOK VALUE

At 31st March 2026

73,577

151,447

1,706

226,730

At 31st March 2025

31,218

159,690

1,480

192,388

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

Motor

vehicles

£

COST

At 1st April 2025

and 31st March 2026

170,288

DEPRECIATION

At 1st April 2025

67,597

Charge for year

24,126

At 31st March 2026

91,723

NET BOOK VALUE

At 31st March 2026

78,565

At 31st March 2025

102,691

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

274,771

339,609

Other debtors

134,531

137,737

409,302

477,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

22,739

32,250

Trade creditors

313,777

401,872

Taxation and social security

51,819

47,626

Other creditors

20,225

60,248

408,560

541,996

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

22,001

47,999

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

44,740

80,249

The hire purchase liabilities are secured on the specifc assets to which they relate.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

Mr M D Bettinson

Balance outstanding at start of year

(58,032

)

41,598

Amounts advanced

58,032

-

Amounts repaid

-

(99,630

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(58,032

)

10.	RELATED PARTY DISCLOSURES

As at the year end Elbe Industrial Tyres Limited was owed £107,729 (2025 - £97,170) by a company in which a director has a controlling interest.

During the year Elbe Industrial Tyres Limited was charged management charges of £12,500 (2025 - £0) by a company in which a director has a controlling interest.

During the year Elbe Industrial Tyres Limited charged management charges of £24,000 (2025 - £0) to a company in which a director has a participating interest.