REGISTERED NUMBER: 01134845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JAMESONS (TYRE) COMPANY LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Dr T W Parton

M J Weatherson

Secretary:

D C Weatherson

Registered office:

21 Birch Road East

Witton

Birmingham

West Midlands

B6 7DA

Registered number:

01134845 (England and Wales)

Accountants:

Athos Business Solutions Limited

1623 Warwick Road

Knowle

Solihull

West Midlands

B93 9LF

FIXED ASSETS

Tangible assets

4

47,240

54,654

CURRENT ASSETS

Stocks

69,690

80,015

Debtors

5

250,119

190,398

Cash at bank and in hand

24,484

23,717

344,293

294,130

CREDITORS

Amounts falling due within one year

6

248,734

212,183

NET CURRENT ASSETS

95,559

81,947

TOTAL ASSETS LESS CURRENT LIABILITIES

142,799

136,601

CREDITORS

Amounts falling due after more than one year

7

(14,675

)

(20,210

)

PROVISIONS FOR LIABILITIES

(8,975

)

(10,384

)

NET ASSETS

119,149

106,007

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

117,149

104,007

119,149

106,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M J Weatherson - Director

1.	STATUTORY INFORMATION

Jamesons (Tyre) Company 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures & Fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Fixtures

Motor

property

machinery

& Fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

4,150

42,224

8,503

117,884

172,761

Additions

-

2,318

-

19,198

21,516

Disposals

-

-

-

(59,645

)

(59,645

)

At 31 March 2025

4,150

44,542

8,503

77,437

134,632

Depreciation

At 1 April 2024

4,150

34,431

3,189

76,337

118,107

Charge for year

-

1,199

798

9,865

11,862

Eliminated on disposal

-

-

-

(42,577

)

(42,577

)

At 31 March 2025

4,150

35,630

3,987

43,625

87,392

Net book value

At 31 March 2025

-

8,912

4,516

33,812

47,240

At 31 March 2024

-

7,793

5,314

41,547

54,654

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2024

47,950

Additions

19,198

Disposals

(23,000

)

Transfer to ownership

(24,950

)

At 31 March 2025

19,198

Depreciation

At 1 April 2024

20,296

Charge for year

6,955

Eliminated on disposal

(8,584

)

Transfer to ownership

(17,867

)

At 31 March 2025

800

Net book value

At 31 March 2025

18,398

At 31 March 2024

27,654

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

250,119

185,398

Other debtors

-

5,000

250,119

190,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,790

9,790

Hire purchase contracts

6,400

9,993

Trade creditors

169,794

150,819

Taxation and social security

23,127

23,220

Other creditors

39,623

18,361

248,734

212,183

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,877

11,877

Hire purchase contracts

12,798

8,333

14,675

20,210