Lanark Tyre And Exhaust Centre Limited in Lanark, ML11 9DB

Description

Data updated on: 01-11-2023

Lanark Tyre And Exhaust Centre Limited with Companies House Reg No. SC268114 has been on the market for twenty years. This particular Private Limited Company can be reached at The Mechanics Workshop, New Lanark in Lanark and company's zip code is ML11 9DB. This enterprise's SIC code is 45200 - Maintenance and repair of motor vehicles. Lanark Tyre And Exhaust Centre Ltd released its latest accounts for the financial year up to 2022-07-31. The business most recent annual confirmation statement was submitted on 2023-03-31.

As stated, this particular limited company was incorporated in May 2004 and has been managed by three directors, and out of them two (Simon M. and Edward M.) are still functioning.

Simon M. is the individual who controls this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-07-31	2012-07-31	2013-07-31	2014-07-31	2015-07-31	2016-07-31	2017-07-31	2018-07-31	2019-07-31	2020-07-31	2021-07-31	2022-07-31
Currency
Net Worth	3 195	3 350	721	1 001	1 615	708

Balance Sheet
Cash Bank On Hand						13 220	17 852	9 388	8 032	39 161	10 773	15 914
Current Assets	56 356	52 420	52 654	47 598	73 026	66 574	69 145	58 703	68 515	93 125	54 011	51 973
Debtors	13 305	15 533	22 535	42 735	43 907	50 785	45 767	42 226	56 360	49 368	38 950	31 475
Net Assets Liabilities						708	1 158	2 137	471	16 764	1 325	567
Other Debtors											20 366	20 557
Property Plant Equipment						14 178	12 940	13 923	12 326	18 490	15 730	13 985
Total Inventories						2 569	5 526	7 089	4 123	4 596	4 288	4 584
Cash Bank In Hand	33 265	24 761	32 059	18 510	21 387	13 220
Intangible Fixed Assets	13 500	9 000	4 500
Net Assets Liabilities Including Pension Asset Liability	3 195	3 350	721	1 001	1 615	708
Stocks Inventory	9 786	12 126	8 608	2 111	7 732	2 569
Tangible Fixed Assets	8 253	6 967	15 078	16 690	15 485	14 178

Capital & Reserves
Called Up Share Capital	100	100	100	100	100	100
Profit Loss Account Reserve	3 095	3 250	621	901	1 515	608
Shareholder Funds	3 195	3 350	721	1 001	1 615	708

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets							45 000	45 000	45 000	45 000
Accumulated Depreciation Impairment Property Plant Equipment						15 044	16 532	17 772	19 369	23 699	26 459	28 692
Additions Other Than Through Business Combinations Property Plant Equipment							250	3 258		10 494		738
Amortisation Rate Used For Intangible Assets							10
Average Number Employees During Period						7	7	7	7	6	6	5
Corporation Tax Payable											3 937	10 161
Creditors						77 405	78 622	68 170	78 048	76 262	65 440	62 745
Depreciation Rate Used For Property Plant Equipment							20	20	20	20	20	20
Disposals Decrease In Depreciation Impairment Property Plant Equipment								462				182
Disposals Property Plant Equipment								1 035				250
Future Minimum Lease Payments Under Non-cancellable Operating Leases						33 309	15 509	9 236	9 829		10 607	5 073
Increase From Depreciation Charge For Year Property Plant Equipment							1 488	1 702	1 597	4 330	2 760	2 415
Intangible Assets Gross Cost							45 000	45 000	45 000	45 000
Net Current Assets Liabilities	-17 447	-11 655	-8 540	-4 485	-11 013	-10 831	-9 477	-9 467	-9 533	2 863	-11 429	-10 772
Other Creditors											9 457	9 317
Other Taxation Social Security Payable											8 156	9 481
Property Plant Equipment Gross Cost						29 222	29 472	31 695	31 695	42 189	42 189	42 677
Provisions For Liabilities Balance Sheet Subtotal						2 639	2 305	2 319	2 322	3 497	2 976	2 646
Total Assets Less Current Liabilities	4 306	4 312	3 380	12 205	4 472	3 347	3 463	4 456	2 793	21 353	4 301	3 213
Trade Creditors Trade Payables											43 890	33 786
Trade Debtors Trade Receivables											18 584	10 918
Advances Credits Directors						19 055	19 264	18 822	24 144	24 048	9 818	13 663
Advances Credits Made In Period Directors							27 209	25 440	29 440	27 904	31 971
Advances Credits Repaid In Period Directors							27 000	26 000	24 000	42 000	32 201
Accruals Deferred Income			7 658	8 159
Creditors Due Within One Year	73 803	64 075	71 742	67 841	84 039	77 405
Fixed Assets	21 753	15 967	19 578	16 690	15 485	14 178
Intangible Fixed Assets Aggregate Amortisation Impairment	31 500	36 000	40 500
Intangible Fixed Assets Amortisation Charged In Period		4 500	4 500
Intangible Fixed Assets Cost Or Valuation	45 000	45 000	45 000
Number Shares Allotted		100
Par Value Share		1
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal			10 548	15 758
Provisions For Liabilities Charges	1 111	962	2 659	3 045	2 857	2 639
Share Capital Allotted Called Up Paid	100	100
Tangible Fixed Assets Additions			9 438		1 652	314
Tangible Fixed Assets Cost Or Valuation	20 514	20 514	29 952	33 162	28 908	29 222
Tangible Fixed Assets Depreciation	12 261	13 547	14 874	16 472	13 423	15 044
Tangible Fixed Assets Depreciation Charged In Period		1 286	1 327		1 816	1 621
Tangible Fixed Assets Depreciation Decrease Increase On Disposals					4 865
Tangible Fixed Assets Disposals					5 906