Tyres N Tubes North West Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04820400

Tyres N Tubes North West Limited

Filleted Unaudited Financial Statements

30 November 2025

Tyres N Tubes North West Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Intangible assets	5	972	972
Tangible assets	6	124,631	134,597
		---------	---------
		125,603	135,569

Current Assets

Stocks		62,110	64,460
Debtors	7	296,367	349,474
Cash at bank and in hand		89,037	87,195
		---------	---------
		447,514	501,129

Creditors: amounts falling due within one year	8	405,346		440,376
		---------		---------
Net Current Assets			42,168		60,753
			---------		---------
Total Assets Less Current Liabilities			167,771		196,322

Creditors: amounts falling due after more than one year	9		4,167		20,364

Provisions

Taxation including deferred tax	29,146	32,208
	---------	---------
Net Assets	134,458	143,750
	---------	---------

Capital and Reserves

Called up share capital	200	200
Profit and loss account	134,258	143,550
	---------	---------
Shareholders Funds	134,458	143,750
	---------	---------

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 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tyres N Tubes North West Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr C N Sutton

Director

Company registration number: 04820400

Tyres N Tubes North West Limited

Notes to the Financial Statements

Year ended 30 November 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 Pembroke House, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

The turnover shown in the profit and loss account represents the value of work done during the year, exclusive of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	10% - 20% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price. Cost includes all costs of purchase including delivery.

Finance Leases and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactional value and subsequently measured at their settlement value. Prepayments and deferred income do not constitute basic financial instruments.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

5. Intangible assets

	Goodwill	Licence rights	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	45,000	972	45,972
	--------	----	--------
Amortisation
At 1 December 2024 and 30 November 2025	45,000	–	45,000
	--------	----	--------
Carrying amount
At 30 November 2025	–	972	972
	--------	----	--------
At 30 November 2024	–	972	972
	--------	----	--------

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 December 2024	171,771	258,726	12,220	442,717
Additions	25,056	–	–	25,056
	---------	---------	--------	---------
At 30 November 2025	196,827	258,726	12,220	467,773
	---------	---------	--------	---------
Depreciation
At 1 December 2024	114,667	184,912	8,541	308,120
Charge for the year	16,017	18,453	552	35,022
	---------	---------	--------	---------
At 30 November 2025	130,684	203,365	9,093	343,142
	---------	---------	--------	---------
Carrying amount
At 30 November 2025	66,143	55,361	3,127	124,631
	---------	---------	--------	---------
At 30 November 2024	57,104	73,814	3,679	134,597
	---------	---------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 30 November 2025	24,239
	--------
At 30 November 2024	43,175
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	288,393	347,849
Other debtors	7,974	1,625
	---------	---------
	296,367	349,474
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,305	12,962
Trade creditors	237,552	246,448
Corporation tax	41,205	60,759
Social security and other taxes	33,380	39,168
Other creditors	77,904	81,039
	---------	---------
	405,346	440,376
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	7,039
Other creditors	4,167	13,325
	-------	--------
	4,167	20,364
	-------	--------

10. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	9,158	17,670
Later than 1 year and not later than 5 years	4,167	13,325
	--------	--------
	13,325	30,995
	--------	--------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	29,146	32,208
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	29,146	32,208
	--------	--------

12. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets that are debt instruments measured at amortised cost

Financial assets that are debt instruments measured at amortised cost	383,017	390,115
	---------	---------

Financial liabilities measured at amortised cost

Financial liabilities measured at amortised cost	326,659	360,811
	---------	---------

Financial assets measured at amortised cost comprise of trade debtors and bank and cash balances. Financial liabilities measured at amortised cost comprise of trade creditors, accruals, overdrawn bank balances, directors loan account, hire purchase balances and other creditors.

13. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.