REGISTERED NUMBER: 08512452 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Tyres Direct Polegate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Ferrell

SECRETARY:

REGISTERED OFFICE:

398 Coast Road

Pevensey Bay

East Sussex

BN24 6NY

REGISTERED NUMBER:

08512452 (England and Wales)

ACCOUNTANTS:

Stone's Accountancy Sussex Limited

398 Coast Road

Pevensey Bay

Pevensey

East Sussex

BN24 6NY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,339

32,447

33,339

32,447

CURRENT ASSETS

Stocks

6,306

5,924

Debtors

6

6,280

4,843

Cash at bank

76,949

73,387

89,535

84,154

CREDITORS

Amounts falling due within one year

7

53,254

56,618

NET CURRENT ASSETS

36,281

27,536

TOTAL ASSETS LESS CURRENT LIABILITIES

69,620

59,983

PROVISIONS FOR LIABILITIES

4,403

2,527

NET ASSETS

65,217

57,456

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

65,116

57,355

SHAREHOLDERS' FUNDS

65,217

57,456

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

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

The financial statements were approved by the director and authorised for issue on 8 October 2026 and were signed by:

T Ferrell - Director

1.	STATUTORY INFORMATION

Tyres Direct Polegate 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments

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

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 4 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

36,670

AMORTISATION

At 1 April 2025

and 31 March 2026

36,670

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

83,961

2,670

12,745

350

99,726

Additions

14,881

-

-

-

14,881

Disposals

(7,596

)

-

(7,995

)

-

(15,591

)

At 31 March 2026

91,246

2,670

4,750

350

99,016

DEPRECIATION

At 1 April 2025

57,028

2,486

7,439

326

67,279

Charge for year

6,770

37

270

5

7,082

Eliminated on disposal

(4,646

)

-

(4,038

)

-

(8,684

)

At 31 March 2026

59,152

2,523

3,671

331

65,677

NET BOOK VALUE

At 31 March 2026

32,094

147

1,079

19

33,339

At 31 March 2025

26,933

184

5,306

24

32,447

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

6,280

4,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade creditors

9,868

8,504

Tax

21,325

23,195

Social security and other taxes

993

508

VAT

11,618

7,255

Directors' loan accounts

7,985

15,931

Accrued expenses

1,465

1,225

53,254

56,618

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet, the directors loan account shown on the balance sheet was owed to the director of the company. The loan is interest free and there is no set date for it to be repaid.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T Ferrell.