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Company Registration No. SC571806 (Scotland)
Gorbals Tyre Centre Limited Unaudited accounts for the year ended 31 October 2025
Gorbals Tyre Centre Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gorbals Tyre Centre Limited Company Information for the year ended 31 October 2025
Director
James Rooney
Company Number
SC571806 (Scotland)
Registered Office
Unit 2, 61 Kilbirnie Street Glasgow G5 8JD Scotland
Accountants
McCreath Accountancy Phoenix House Phoenix Business Park Paisley Renfrewshire PA1 2BH
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Gorbals Tyre Centre Limited Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
39,438 
55,529 
Current assets
Debtors
5
1,544 
6,507 
Cash at bank and in hand
30,928 
19,080 
32,472 
25,587 
Creditors: amounts falling due within one year
6
(69,963)
(61,032)
Net current liabilities
(37,491)
(35,445)
Total assets less current liabilities
1,947 
20,084 
Creditors: amounts falling due after more than one year
7
(1,080)
(5,193)
Net assets
867 
14,891 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
767 
14,791 
Shareholders' funds
867 
14,891 
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 July 2026 and were signed on its behalf by
James Rooney Director Company Registration No. SC571806
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Gorbals Tyre Centre Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Gorbals Tyre Centre Limited is a private company, limited by shares, registered in Scotland, registration number SC571806. The registered office is Unit 2, 61 Kilbirnie Street, Glasgow, G5 8JD, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2024
119,699 
3,368 
1,931 
124,998 
Additions
7,295 
- 
- 
7,295 
At 31 October 2025
126,994 
3,368 
1,931 
132,293 
Depreciation
At 1 November 2024
65,137 
3,368 
964 
69,469 
Charge for the year
22,974 
- 
412 
23,386 
At 31 October 2025
88,111 
3,368 
1,376 
92,855 
Net book value
At 31 October 2025
38,883 
- 
555 
39,438 
At 31 October 2024
54,562 
- 
967 
55,529 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,544 
6,507 
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Gorbals Tyre Centre Limited Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
634 
6,474 
Obligations under finance leases and hire purchase contracts
47,735 
- 
Trade creditors
21,594 
54,558 
69,963 
61,032 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,080 
5,193 
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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