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REGISTERED NUMBER: SC055480 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Kairdson Tyres Limited

Kairdson Tyres Limited (Registered number: SC055480)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kairdson Tyres Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: M Kinnaird





REGISTERED OFFICE: Hospital Road
Ellon
Aberdeenshire
AB4 9AW





REGISTERED NUMBER: SC055480 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Kairdson Tyres Limited (Registered number: SC055480)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,809 87,276
Investment property 5 98,000 98,000
172,809 185,276

CURRENT ASSETS
Stocks 31,000 37,000
Debtors 6 43,900 29,836
Cash at bank and in hand 289,308 282,376
364,208 349,212
CREDITORS
Amounts falling due within one year 7 246,324 260,213
NET CURRENT ASSETS 117,884 88,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,693

274,275

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 63,874 63,874
Retained earnings 226,719 210,301
SHAREHOLDERS' FUNDS 290,693 274,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Kairdson Tyres Limited (Registered number: SC055480)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:





M Kinnaird - Director


Kairdson Tyres Limited (Registered number: SC055480)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Kairdson Tyres 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.

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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 5 (2023 - 5 ) .

Kairdson Tyres Limited (Registered number: SC055480)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 77,150 170,475 247,625
Additions - 3,295 3,295
Disposals - (9,600 ) (9,600 )
At 29 February 2024 77,150 164,170 241,320
DEPRECIATION
At 1 March 2023 38,574 121,775 160,349
Charge for year 1,543 14,219 15,762
Eliminated on disposal - (9,600 ) (9,600 )
At 29 February 2024 40,117 126,394 166,511
NET BOOK VALUE
At 29 February 2024 37,033 37,776 74,809
At 28 February 2023 38,576 48,700 87,276

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 98,000
NET BOOK VALUE
At 29 February 2024 98,000
At 28 February 2023 98,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 98,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 38,494 25,990
Other debtors 5,406 3,846
43,900 29,836

Kairdson Tyres Limited (Registered number: SC055480)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,584 3,466
Trade creditors 52,933 55,185
Amounts owed to associates 145,895 168,258
Taxation and social security 32,512 23,476
Other creditors 12,400 9,828
246,324 260,213

8. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 63,874