Acorah Software Products - Accounts Production 18.1.200 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 01252371 Mr Matthew Mccarthy Mr David Mccarthy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01252371 2024-12-31 01252371 2025-12-31 01252371 2025-01-01 2025-12-31 01252371 frs-core:CurrentFinancialInstruments 2025-12-31 01252371 frs-core:Non-currentFinancialInstruments 2025-12-31 01252371 frs-core:ComputerEquipment 2025-12-31 01252371 frs-core:ComputerEquipment 2025-01-01 2025-12-31 01252371 frs-core:ComputerEquipment 2024-12-31 01252371 frs-core:FurnitureFittings 2025-12-31 01252371 frs-core:FurnitureFittings 2025-01-01 2025-12-31 01252371 frs-core:FurnitureFittings 2024-12-31 01252371 frs-core:MotorVehicles 2025-12-31 01252371 frs-core:MotorVehicles 2025-01-01 2025-12-31 01252371 frs-core:MotorVehicles 2024-12-31 01252371 frs-core:PlantMachinery 2025-12-31 01252371 frs-core:PlantMachinery 2025-01-01 2025-12-31 01252371 frs-core:PlantMachinery 2024-12-31 01252371 frs-core:ShareCapital 2025-12-31 01252371 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 01252371 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01252371 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 01252371 frs-bus:SmallEntities 2025-01-01 2025-12-31 01252371 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 01252371 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01252371 frs-bus:Director1 2025-01-01 2025-12-31 01252371 frs-bus:Director2 2025-01-01 2025-12-31 01252371 frs-countries:EnglandWales 2025-01-01 2025-12-31 01252371 2023-12-31 01252371 2024-12-31 01252371 2024-01-01 2024-12-31 01252371 frs-core:CurrentFinancialInstruments 2024-12-31 01252371 frs-core:Non-currentFinancialInstruments 2024-12-31 01252371 frs-core:ShareCapital 2024-12-31 01252371 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 01252371
George Tyre Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01252371
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,424 54,143
49,424 54,143
CURRENT ASSETS
Stocks 5 20,954 15,600
Debtors 6 6,915 38,522
Cash at bank and in hand 308,284 388,520
336,153 442,642
Creditors: Amounts Falling Due Within One Year 7 (267,510 ) (337,815 )
NET CURRENT ASSETS (LIABILITIES) 68,643 104,827
TOTAL ASSETS LESS CURRENT LIABILITIES 118,067 158,970
Creditors: Amounts Falling Due After More Than One Year 8 (515 ) (10,514 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,906 ) (11,802 )
NET ASSETS 106,646 136,654
CAPITAL AND RESERVES
Called up share capital 9 180 180
Profit and Loss Account 106,466 136,474
SHAREHOLDERS' FUNDS 106,646 136,654
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Matthew Mccarthy
Director
Mr David Mccarthy
Director
4th September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
George Tyre Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01252371 . The registered office is 118 Wantz Road, Maldon, Essex, CM9 5DE.
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% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 13 (2024: 10)
13 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 106,816 88,303 66,031 18,841 279,991
Additions 5,950 - - 1,688 7,638
As at 31 December 2025 112,766 88,303 66,031 20,529 287,629
...CONTINUED
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Depreciation
As at 1 January 2025 93,308 58,465 55,980 18,095 225,848
Provided during the period 3,892 5,968 2,010 487 12,357
As at 31 December 2025 97,200 64,433 57,990 18,582 238,205
Net Book Value
As at 31 December 2025 15,566 23,870 8,041 1,947 49,424
As at 1 January 2025 13,508 29,838 10,051 746 54,143
5. Stocks
2025 2024
£ £
Stock 20,954 15,600
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,894 36,930
Other debtors 2,021 1,592
6,915 38,522
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 192,249 194,817
Bank loans and overdrafts 10,000 10,000
Other creditors 18,285 63,414
Taxation and social security 46,976 69,584
267,510 337,815
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 515 10,514
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Page 6
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 180 180
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