KING DAVID TYRES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hazlewoods LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The external environment is expected to remain competitive going forwards, however, the directors remain confident that the company will continue to improve its current level of performance in the future and will continue to trade as a going concern. The company has considerable financial resources available and is expected to return to trading profitably and generating cash from operating activities. The directors have prepared forecasts for the next 12 months that indicate that these trends will continue. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have continued to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The company endured a challenging year in 2024. Uncertainty around Far Eastern supply chains impacted stock availability which in turn put downward pressure on performance. However continued investment in the Group's support functions have meant that supply lines are now considerably more robust. Additionally the Group has issued shares to senior management as part of a wider incentive review. Market conditions continue to be challenging, however as a result of the steps taken in the year and the continuing development of the management team, the company is well placed to continue its progress.”
• “During the year, management reassessed its accounting for rebates and determined that the previous accounting for rebates was not appropriate. As a result, rebates are now recognised as part of stock, which management believes should have been the case historically. This change also provides the company with improved and more granular visibility of performance, which in turn has enabled fairer and more appropriate incentives for employees throughout the business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -32.1%

  £25,953,414 → £17,619,248

  lowest in 3 filed years

• Cash

  —

  Not reported

• Net assets

  +7.5%

  £5,882,089 → £6,321,382

  highest in 3 filed years

• Employees

  +6.1%

  115 → 122

  highest in 3 filed years

• Operating profit

  -91.5%

  £1,318,176 → £112,282

  lowest in 3 filed years

• Profit before tax

  -93.8%

  £785,978 → £48,553

  lowest in 3 filed years

• Wages

  +10.1%

  £2,658,099 → £2,926,139

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers