- Companies
- Motor traders
- Wishaw
- Lowcost Commercials Ltd.
Lowcost Commercials Ltd.
- Company number
- SC243980
- Incorporated
- 14 Feb 200323 years trading
- Registered office
- 433 Castlehill Road, Wishaw, ML2 0RL
- Nature of business
- Sale of used cars and light motor vehicles; Sale of other motor vehicles; Renting and leasing of cars and light motor vehicles
Lowcost Commercials Ltd. is a 23-year-old private limited company registered in Wishaw, company number SC243980, one of 15 motor trade companies in Wishaw. Its next accounts are due at Companies House on 30 November 2026, and the CT600 for the period to 28 February 2026 is due at HMRC on 28 February 2027.
Key dates
Worked out from the year end and filing history on the Companies House register.
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Finances
From each year's balance sheet filed at Companies House. Small companies do not have to publish turnover or profit, so these are balance sheet figures.
- Net assets down £4,000 (-0.7%) on the year before, to £545K.
- Net assets rose in 5 of 9 year-on-year comparisons on record.
- Current assets of £731K against £330K owed within a year: 2.2 times cover.
- 4 employees on average during the year.
- Balance sheets on record for 10 years, 2016 to 2025.
Net assets by year
| Year end | Net assets | Cash | Current assets | Owed within a year | Employees |
|---|---|---|---|---|---|
| 28 Feb 2025 | £545K | £177K | £731K | £330K | 4 |
| 29 Feb 2024 | £549K | £117K | £610K | £195K | 4 |
| 28 Feb 2023 | £607K | £73K | £324K | £196K | 4 |
| 28 Feb 2022 | £603K | £28K | £303K | £161K | 4 |
| 28 Feb 2021 | £587K | £5,418 | £333K | £206K | 4 |
| 29 Feb 2020 | £530K | £45K | £318K | £239K | 4 |
| 28 Feb 2019 | £443K | £4,810 | £257K | £198K | |
| 28 Feb 2018 | £389K | £53K | £281K | £230K | 0 |
| 28 Feb 2017 | £393K | £6,012 | £174K | £132K | 3 |
| 28 Feb 2016 | £406K | £59K | £225K | £181K |
Where Lowcost Commercials Ltd. is registered
The registered office is in Wishaw (ML2), in the North Lanarkshire local authority area, Scotland. Show ML2 0RL on a map.
Other trade companies in ML2
- Dougal Property LtdProperty developers
- JM Automotive (Wishaw) LtdMechanics and garages
- Bluebell Safety LtdSpecialist contractors
- RM Bricklaying Services LtdBuilders
- Buan Roofing LtdRoofers
- Greig McArthur Construction Services LtdElectricians
- Munro Group Assets LtdMechanics and garages
- Xclusive Cleaning Services LtdCleaning companies
What happens if Lowcost Commercials Ltd. files late
Companies House charges an automatic penalty the day after the deadline, and it rises the longer the accounts are late. These are the dates for this company's accounts due on 30 November 2026.
| Companies House | Accounts delivered | Penalty |
|---|---|---|
| Up to 1 month late | 1 Dec 2026 to 31 Dec 2026 | £150 |
| 1 to 3 months late | 1 Jan 2027 to 28 Feb 2027 | £375 |
| 3 to 6 months late | 1 Mar 2027 to 31 May 2027 | £750 |
| More than 6 months late | From 1 Jun 2027 | £1,500 |
Penalties double if the accounts were also late the year before.
| HMRC (CT600) | From | Penalty |
|---|---|---|
| 1 day late | 1 Mar 2027 | £200 |
| 3 months late | 28 May 2027 | another £200 |
| 6 months late | 28 Aug 2027 | HMRC estimates the tax and adds 10% of the unpaid tax |
| 12 months late | 28 Feb 2028 | another 10% of any unpaid tax |
For returns filed on or after 1 April 2026. Late three times in a row and the £200 penalties become £1,000 each.
Company details
As held on the Companies House register.
- Company number
- SC243980
- Status
- Active
- Company type
- Private limited company
- Incorporated
- 14 February 2003 (23 years ago)
- Registered office
- 433 Castlehill Road, Wishaw, ML2 0RL
- Nature of business
- Sale of used cars and light motor vehicles (SIC 45112)
Sale of other motor vehicles (SIC 45190)
Renting and leasing of cars and light motor vehicles (SIC 77110) - Year end
- 28 February (accounting reference date)
- Accounts type
- Total exemption (full)
- Last accounts made up to
- 28 February 2025
- Last confirmation statement
- 28 March 2026
- Charges (mortgages)
- 2 outstanding of 3 registered
Filing notes for motor trade companies
Motor trade companies hold vehicle stock, and how that stock is valued at the year end moves the profit directly. Some use the VAT margin scheme.
Similar companies in Wishaw
Other active motor trade companies registered in Wishaw.
- M.Y Motor Vehicle Solutions Ltd2026
- Netherton Road Car Sales Ltd2023
- Netherton Vehicle Solutions Ltd2019
- Over Green Motor Company Limited2021
- Wishaw Car Sales Ltd2025
- Aspire Group Scotland Limited2026
- Barry Spence Vehicle Repairs Ltd2024
- Belhaven Cars Ltd2016
All motor trade companies in Wishaw · All trades in Wishaw · Motor traders across the UK
Frequently asked questions
When are Lowcost Commercials Ltd.'s accounts due?
Lowcost Commercials Ltd.'s next accounts are due at Companies House by 30 November 2026 (in 48 days), covering the period to 28 February 2026.
When is Lowcost Commercials Ltd.'s CT600 due?
The CT600 for the period to 28 February 2026 is due at HMRC by 28 February 2027, 12 months after the period end. The corporation tax itself is payable earlier, by 1 December 2026.
Is Lowcost Commercials Ltd. still trading?
Lowcost Commercials Ltd. is listed as active on the Companies House register as of 1 Oct 2026. Active means it has not been dissolved or entered insolvency; it does not show whether it is currently taking on work.
What does Lowcost Commercials Ltd. do?
Lowcost Commercials Ltd. is registered under Sale of used cars and light motor vehicles (SIC 45112); Sale of other motor vehicles (SIC 45190); Renting and leasing of cars and light motor vehicles (SIC 77110).
How old is Lowcost Commercials Ltd.?
Lowcost Commercials Ltd. was incorporated on 14 February 2003, 23 years ago.
What is the penalty if Lowcost Commercials Ltd. files its accounts late?
Companies House charges £150 if the accounts are up to 1 month late, £375 up to 3 months, £750 up to 6 months and £1,500 after that, doubled if the previous year's accounts were also late. HMRC charges £200 for a CT600 filed a day late and another £200 at 3 months.
Official records
View Lowcost Commercials Ltd. on Companies House for filed documents, officers and the full history.
Based on the Companies House register (snapshot 1 Oct 2026). Deadlines are worked out from the register and assume a standard accounting period; a change of year end or a short period moves them. This page is general information, not tax or accountancy advice.