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Registered number: 11666746
Tyresonline Ltd
Financial Statements
For The Year Ended 31 August 2026
Kensington Mills & Clark Darby Limited
Chartered Certified Accountants
4 Marlin Office Village
1250 Chester Road
Birmingham
West Midlands
B35 7AZ
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 11666746
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 320,823 319,568
320,823 319,568
CURRENT ASSETS
Stocks 5 2,515,140 1,882,334
Debtors 6 509,245 505,142
Cash at bank and in hand 50,550 105,975
3,074,935 2,493,451
Creditors: Amounts Falling Due Within One Year 7 (3,296,796 ) (2,880,378 )
NET CURRENT ASSETS (LIABILITIES) (221,861 ) (386,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 98,962 (67,359 )
Creditors: Amounts Falling Due After More Than One Year 8 (3,754 ) (11,132 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,511 ) (19,145 )
NET ASSETS/(LIABILITIES) 69,697 (97,636 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 69,597 (97,736 )
SHAREHOLDERS' FUNDS 69,697 (97,636)
Page 1
Page 2
For the year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Md Haque
Director
14th October 2026
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 September 2024 100 54,494 54,594
Loss for the year and total comprehensive income - (152,230 ) (152,230)
As at 31 August 2025 and 1 September 2025 100 (97,736 ) (97,636)
Profit for the year and total comprehensive income - 227,333 227,333
Dividends paid - (60,000) (60,000)
As at 31 August 2026 100 69,597 69,697
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Tyresonline Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11666746 . The registered office is 55 South Road, Sparkbrook, Birmingham, West Midlands, B11 1EX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 15% reducing balane method
Motor Vehicles 15% reducing balane method
Fixtures & Fittings 15% reducing balane method
2.5. 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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Page 5
2.6. 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 39 (2025: 39)
39 39
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2025 179,191 80,800 174,545 434,536
Additions 47,470 10,400 - 57,870
As at 31 August 2026 226,661 91,200 174,545 492,406
Depreciation
As at 1 September 2025 58,842 29,944 26,182 114,968
Provided during the period 25,173 9,188 22,254 56,615
As at 31 August 2026 84,015 39,132 48,436 171,583
Net Book Value
As at 31 August 2026 142,646 52,068 126,109 320,823
As at 1 September 2025 120,349 50,856 148,363 319,568
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Page 6
5. Stocks
2026 2025
£ £
Finished goods 2,515,140 1,882,334
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 483,217 500,669
Prepayments and accrued income 3,548 3,473
Other debtors 709 1,000
VAT 21,771 -
509,245 505,142
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 3,022,590 2,627,743
Corporation tax 11,758 -
Other taxes and social security 41,386 27,949
VAT - 82,767
Net wages 70,551 -
Other creditors 50,838 115,742
Accruals and deferred income 7,000 7,000
Director's loan account 92,673 19,177
3,296,796 2,880,378
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 3,754 11,132
Page 6
Page 7
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2025 19,145 19,145
Additions 6,366 6,366
Balance at 31 August 2026 25,511 25,511
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to director for the year was of £60,000 (£0:2025).
2026 2025
£ £
Mr Md Haque 60,000 -
12. Related Party Transactions
The director credit balance at the end of the year was of £95,370 (£19,177:2025).
Page 7