2023-10-012024-09-302024-09-30falseSC079593LADYBANK TYRES LIMITED2025-03-2445200falseiso4217:GBPxbrli:pureSC0795932023-10-01SC0795932024-09-30SC0795932023-10-012024-09-30SC0795932022-10-01SC0795932023-09-30SC0795932022-10-012023-09-30SC079593bus:SmallEntities2023-10-012024-09-30SC079593bus:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC079593bus:FullAccounts2023-10-012024-09-30SC079593bus:PrivateLimitedCompanyLtd2023-10-012024-09-30SC079593core:WithinOneYear2024-09-30SC079593core:AfterOneYear2024-09-30SC079593core:WithinOneYear2023-09-30SC079593core:AfterOneYear2023-09-30SC079593core:ShareCapital2024-09-30SC079593core:SharePremium2024-09-30SC079593core:RevaluationReserve2024-09-30SC079593core:OtherReservesSubtotal2024-09-30SC079593core:RetainedEarningsAccumulatedLosses2024-09-30SC079593core:ShareCapital2023-09-30SC079593core:SharePremium2023-09-30SC079593core:RevaluationReserve2023-09-30SC079593core:OtherReservesSubtotal2023-09-30SC079593core:RetainedEarningsAccumulatedLosses2023-09-30SC079593core:LandBuildings2024-09-30SC079593core:PlantMachinery2024-09-30SC079593core:Vehicles2024-09-30SC079593core:FurnitureFittings2024-09-30SC079593core:OfficeEquipment2024-09-30SC079593core:NetGoodwill2024-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2024-09-30SC079593core:ListedExchangeTraded2024-09-30SC079593core:UnlistedNon-exchangeTraded2024-09-30SC079593core:LandBuildings2023-09-30SC079593core:PlantMachinery2023-09-30SC079593core:Vehicles2023-09-30SC079593core:FurnitureFittings2023-09-30SC079593core:OfficeEquipment2023-09-30SC079593core:NetGoodwill2023-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2023-09-30SC079593core:ListedExchangeTraded2023-09-30SC079593core:UnlistedNon-exchangeTraded2023-09-30SC079593core:LandBuildings2023-10-012024-09-30SC079593core:PlantMachinery2023-10-012024-09-30SC079593core:Vehicles2023-10-012024-09-30SC079593core:FurnitureFittings2023-10-012024-09-30SC079593core:OfficeEquipment2023-10-012024-09-30SC079593core:NetGoodwill2023-10-012024-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC079593core:ListedExchangeTraded2023-10-012024-09-30SC079593core:UnlistedNon-exchangeTraded2023-10-012024-09-30SC079593core:MoreThanFiveYears2023-10-012024-09-30SC079593core:Non-currentFinancialInstruments2024-09-30SC079593core:Non-currentFinancialInstruments2023-09-30SC079593dpl:CostSales2023-10-012024-09-30SC079593dpl:DistributionCosts2023-10-012024-09-30SC079593core:LandBuildings2023-10-012024-09-30SC079593core:PlantMachinery2023-10-012024-09-30SC079593core:Vehicles2023-10-012024-09-30SC079593core:FurnitureFittings2023-10-012024-09-30SC079593core:OfficeEquipment2023-10-012024-09-30SC079593dpl:AdministrativeExpenses2023-10-012024-09-30SC079593core:NetGoodwill2023-10-012024-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC079593dpl:GroupUndertakings2023-10-012024-09-30SC079593dpl:ParticipatingInterests2023-10-012024-09-30SC079593dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-30SC079593core:ListedExchangeTraded2023-10-012024-09-30SC079593dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-30SC079593core:UnlistedNon-exchangeTraded2023-10-012024-09-30SC079593dpl:CostSales2022-10-012023-09-30SC079593dpl:DistributionCosts2022-10-012023-09-30SC079593core:LandBuildings2022-10-012023-09-30SC079593core:PlantMachinery2022-10-012023-09-30SC079593core:Vehicles2022-10-012023-09-30SC079593core:FurnitureFittings2022-10-012023-09-30SC079593core:OfficeEquipment2022-10-012023-09-30SC079593dpl:AdministrativeExpenses2022-10-012023-09-30SC079593core:NetGoodwill2022-10-012023-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-30SC079593dpl:GroupUndertakings2022-10-012023-09-30SC079593dpl:ParticipatingInterests2022-10-012023-09-30SC079593dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-30SC079593core:ListedExchangeTraded2022-10-012023-09-30SC079593dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-30SC079593core:UnlistedNon-exchangeTraded2022-10-012023-09-30SC079593core:NetGoodwill2024-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2024-09-30SC079593core:LandBuildings2024-09-30SC079593core:PlantMachinery2024-09-30SC079593core:Vehicles2024-09-30SC079593core:FurnitureFittings2024-09-30SC079593core:OfficeEquipment2024-09-30SC079593core:AfterOneYear2024-09-30SC079593core:WithinOneYear2024-09-30SC079593core:ListedExchangeTraded2024-09-30SC079593core:UnlistedNon-exchangeTraded2024-09-30SC079593core:ShareCapital2024-09-30SC079593core:SharePremium2024-09-30SC079593core:RevaluationReserve2024-09-30SC079593core:OtherReservesSubtotal2024-09-30SC079593core:RetainedEarningsAccumulatedLosses2024-09-30SC079593core:NetGoodwill2023-09-30SC079593core:IntangibleAssetsOtherThanGoodwill2023-09-30SC079593core:LandBuildings2023-09-30SC079593core:PlantMachinery2023-09-30SC079593core:Vehicles2023-09-30SC079593core:FurnitureFittings2023-09-30SC079593core:OfficeEquipment2023-09-30SC079593core:AfterOneYear2023-09-30SC079593core:WithinOneYear2023-09-30SC079593core:ListedExchangeTraded2023-09-30SC079593core:UnlistedNon-exchangeTraded2023-09-30SC079593core:ShareCapital2023-09-30SC079593core:SharePremium2023-09-30SC079593core:RevaluationReserve2023-09-30SC079593core:OtherReservesSubtotal2023-09-30SC079593core:RetainedEarningsAccumulatedLosses2023-09-30SC079593core:NetGoodwill2022-10-01SC079593core:IntangibleAssetsOtherThanGoodwill2022-10-01SC079593core:LandBuildings2022-10-01SC079593core:PlantMachinery2022-10-01SC079593core:Vehicles2022-10-01SC079593core:FurnitureFittings2022-10-01SC079593core:OfficeEquipment2022-10-01SC079593core:AfterOneYear2022-10-01SC079593core:WithinOneYear2022-10-01SC079593core:ListedExchangeTraded2022-10-01SC079593core:UnlistedNon-exchangeTraded2022-10-01SC079593core:ShareCapital2022-10-01SC079593core:SharePremium2022-10-01SC079593core:RevaluationReserve2022-10-01SC079593core:OtherReservesSubtotal2022-10-01SC079593core:RetainedEarningsAccumulatedLosses2022-10-01SC079593core:AfterOneYear2023-10-012024-09-30SC079593core:WithinOneYear2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-30SC079593core:Non-currentFinancialInstrumentscore:CostValuation2024-09-30SC079593core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-30SC079593core:Non-currentFinancialInstrumentscore:CostValuation2023-09-30SC079593core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-30SC079593core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-30SC079593bus:Director12023-10-012024-09-30SC079593bus:Director22023-10-012024-09-30SC079593bus:Director32023-10-012024-09-30SC079593bus:Director42023-10-012024-09-30

LADYBANK TYRES LIMITED

Registered Number
SC079593
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2024

LADYBANK TYRES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

John Johnston
Ian Johnston
Marilyn Johnston
Patricia Johnston

Company Secretary

Marilyn Johnston

Registered Address

58 Commercial Road
Ladybank
KY15 7JS

Registered Number

SC079593 (Scotland)
LADYBANK TYRES LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3248,504250,218
Investments418,92518,925
267,429269,143
Current assets
Stocks154,718155,595
Debtors595,63385,455
Cash at bank and on hand218,373206,149
468,724447,199
Creditors amounts falling due within one year6(430,459)(420,153)
Net current assets (liabilities)38,26527,046
Total assets less current liabilities305,694296,189
Provisions for liabilities(19,708)(15,174)
Net assets285,986281,015
Capital and reserves
Called up share capital17,00017,000
Profit and loss account268,986264,015
Shareholders' funds285,986281,015
The financial statements were approved and authorised for issue by the Board of Directors on 24 March 2025, and are signed on its behalf by:
John Johnston
Director
Registered Company No. SC079593
LADYBANK TYRES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents net invoiced sales of goods and provision of services, excluding value added tax.
Employee benefits
The company makes contributions into occupational pension schemes and personal pension funds of certain employees. Contributions payable are charged to the profit and loss account in the year they are payable.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Property - 2% on cost Plant & Machinery - 50% on cost, 33% on cost, 25% on cost, 20% on cost, 16.67% on cost, 15% reducing balance, 15% on cost, 10% on cost and straight line over 7 years Motor Vehicles -50% on cost, 25% reducing balance, 20% on cost and 16.67% on cost Computer Equipment - 25% on cost, 15% reducing balance and 10% on cost
Investments
Investments held in fixed assets are stated at cost. Provision is made for any anticipated permanent diminution in value.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving items. Cost comprises all direct expenditure incurred in bringing stock to its current condition and location.
2.Average number of employees

20242023
Average number of employees during the year1821
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 October 23226,036230,877106,2355,480568,628
Additions-22,04918,790-40,839
Disposals-(58,542)(19,025)(3,305)(80,872)
At 30 September 24226,036194,384106,0002,175528,595
Depreciation and impairment
At 01 October 2358,771165,65090,3343,655318,410
Charge for year4,52120,0019,96587735,364
On disposals-(53,470)(16,987)(3,226)(73,683)
At 30 September 2463,292132,18183,3121,306280,091
Net book value
At 30 September 24162,74462,20322,688869248,504
At 30 September 23167,26565,22715,9011,825250,218
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 October 2318,92518,925
At 30 September 2418,92518,925
Net book value
At 30 September 2418,92518,925
At 30 September 2318,92518,925

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables91,61484,168
Other debtors-190
Prepayments and accrued income4,0191,097
Total95,63385,455
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables286,163272,774
Taxation and social security80,75573,315
Other creditors59,88965,693
Accrued liabilities and deferred income3,6528,371
Total430,459420,153