REGISTERED NUMBER: SC796181 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 22 JANUARY 2024 TO 31 MARCH 2025

FOR

LANARKSHIRE TYRES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D I Bryson

REGISTERED OFFICE:

42 Blair Atholl Gardens

Brambles

Hamilton

ML3 9FF

REGISTERED NUMBER:

SC796181 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

FIXED ASSETS

Tangible assets

4

28,309

CURRENT ASSETS

Stocks

13,990

Debtors

5

76,812

Cash at bank and in hand

8,811

99,613

CREDITORS

Amounts falling due within one year

6

120,088

NET CURRENT LIABILITIES

(20,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,834

CREDITORS

Amounts falling due after more than one year

7

19,097

NET LIABILITIES

(11,263

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(11,264

)

SHAREHOLDERS' FUNDS

(11,263

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 10 October 2025 and were signed by:

D I Bryson - Director

1.	STATUTORY INFORMATION

Lanarkshire 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

The financial statements have been prepared on a going concern basis, the validity of which depends on future support being available from the company's director. At the date of signing these financial statements, this support has been secured.

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.

Motor vehicles

-

25% on cost

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 period 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 period 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 period was 4 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

33,082

Disposals

(3,000

)

At 31 March 2025

30,082

DEPRECIATION

Charge for period

2,523

Eliminated on disposal

(750

)

At 31 March 2025

1,773

NET BOOK VALUE

At 31 March 2025

28,309

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

Motor

vehicles

£

COST

Additions

25,082

At 31 March 2025

25,082

DEPRECIATION

Charge for period

523

At 31 March 2025

523

NET BOOK VALUE

At 31 March 2025

24,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

72,740

Directors' current accounts

1,430

Deferred tax asset

2,642

76,812

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

3,502

Trade creditors

49,042

Payroll taxation

549

Pension fund control

53

VAT

13,307

Debt factor

50,752

Wages control

1,064

Accrued charges

1,819

120,088

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

19,097

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Debt factor

50,752

The amount owing to the debt factor is secured by a floating charge over all the assets of the company.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D I Bryson.