REGISTERED NUMBER: 02775586 (England and Wales)

DONOVAN TYRES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T S Donovan

SECRETARY:

Mrs S E Donovan

REGISTERED OFFICE:

167 Turners Hill

Cheshunt

Waltham Cross

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

02775586 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Intangible assets

4

530,000

530,000

Tangible assets

5

168,842

168,620

698,842

698,620

CURRENT ASSETS

Stocks

445,000

573,000

Debtors

2,171,614

1,940,998

Cash at bank and in hand

98,682

19,755

2,715,296

2,533,753

CREDITORS

Amounts falling due within one year

2,802,312

2,646,522

NET CURRENT LIABILITIES

(87,016

)

(112,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

611,826

585,851

CREDITORS

Amounts falling due after more than one year

5,000

50,000

NET ASSETS

606,826

535,851

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

606,726

535,751

SHAREHOLDERS' FUNDS

606,826

535,851

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 November 2025 and were signed by:

T S Donovan - Director

1.	STATUTORY INFORMATION

Donovan Tyres 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.

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.

Short leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

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.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 9 ).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

530,000

NET BOOK VALUE

At 31 January 2025

530,000

At 31 January 2024

530,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

491,619

Additions

21,750

At 31 January 2025

513,369

DEPRECIATION

At 1 February 2024

322,999

Charge for year

21,528

At 31 January 2025

344,527

NET BOOK VALUE

At 31 January 2025

168,842

At 31 January 2024

168,620