REGISTERED NUMBER: SC437297 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Tyrefair Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr Harjeev Singh Kandhari

REGISTERED OFFICE:

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

REGISTERED NUMBER:

SC437297 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

304,036

149,642

CURRENT ASSETS

Stocks

201,442

167,759

Debtors

5

481,559

127,079

Cash at bank

48,654

40,388

731,655

335,226

CREDITORS

Amounts falling due within one year

6

6,017,827

523,647

NET CURRENT LIABILITIES

(5,286,172

)

(188,421

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,982,136

)

(38,779

)

CREDITORS

Amounts falling due after more than one year

7

8,967

14,242

NET LIABILITIES

(4,991,103

)

(53,021

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,991,203

)

(53,121

)

(4,991,103

)

(53,021

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 23 March 2026 and were signed by:

Mr Harjeev Singh Kandhari - Director

1.	STATUTORY INFORMATION

Tyrefair Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the reporting date the company had net liabilities of £4,991,203 (2025 - net liabilities of £53,121). The largest liability owed by the business relates to costs incurred for services provided by associated companies within the greater group. The related companies will not call in their liabilities if it would adversely affect the ability of the company to trade. As such, the financial statements are prepared on the going concern basis.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 14 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

74,874

259,331

1,458

Additions

30,000

195,000

12,000

At 31 January 2026

104,874

454,331

13,458

DEPRECIATION

At 1 February 2025

65,154

125,338

1,458

Charge for year

11,983

62,294

2,400

At 31 January 2026

77,137

187,632

3,858

NET BOOK VALUE

At 31 January 2026

27,737

266,699

9,600

At 31 January 2025

9,720

133,993

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

34,950

2,762

373,375

Additions

-

-

237,000

At 31 January 2026

34,950

2,762

610,375

DEPRECIATION

At 1 February 2025

29,960

1,823

223,733

Charge for year

4,990

939

82,606

At 31 January 2026

34,950

2,762

306,339

NET BOOK VALUE

At 31 January 2026

-

-

304,036

At 31 January 2025

4,990

939

149,642

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Amounts recoverable on contract

282,237

127,079

Other debtors

199,322

-

481,559

127,079

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

1,497

736

Hire purchase contracts

7,200

7,200

Trade creditors

4,622,955

148,992

Taxation and social security

9,309

52,853

Other creditors

1,376,866

313,866

6,017,827

523,647

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

8,829

14,242

Other creditors

138

-

8,967

14,242

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

23 March 2026