Devonshire Motors Limited in Barnstaple, EX31 1LQ

Description

Data updated on: 01-11-2023

Devonshire Motors Limited with reg. no. 02950433 has been operating on the market for thirty years. This Private Limited Company can be contacted at Braunton Road, Pilland Way, Barnstaple and company's area code is EX31 1LQ. 16 years ago the firm changed its name from Bantio to Devonshire Motors Limited. The company's declared SIC number is 45200 and has the NACE code: Maintenance and repair of motor vehicles. Devonshire Motors Ltd filed its latest accounts for the financial year up to 2022-12-31. The company's most recent confirmation statement was submitted on 2023-07-19.

With two recruitment advert since Saturday 27th June 2015, the corporation has been a rather active employer on the labour market. On Wednesday 21st October 2015, it started recruiting job candidates for a full time Showroom Receptionist Required position in Barnstaple, and on Saturday 27th June 2015, for the vacant position of a full time Showroom Host in Barnstaple.

From the data we have, the firm was incorporated in 1994 and has so far been led by ten directors, and out of them three (Janet J., Nathan T. and Graeme D.) are still functioning. In order to provide support to the directors, this specific firm has been utilizing the skills of Janet J. as a secretary since October 2001.

Previous company's names
Devonshire Motors Limited 2008-04-28
Bantio Limited 1994-07-19

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-12-31	2020-12-31
Currency

Balance Sheet
Cash Bank On Hand	159 434	864 106
Current Assets	2 072 820	2 208 184
Debtors	651 331	390 424
Net Assets Liabilities	1 196 360	1 493 865
Other Debtors	27 825	11 657
Property Plant Equipment	1 845 421	1 794 986
Total Inventories	1 262 055	953 654

Other Financial Data
Audit Fees Expenses	8 915	8 600
Fees For Non-audit Services	2 335	2 800
Director Remuneration	156 351	239 399
Accrued Liabilities	289 381	299 554
Accrued Liabilities Deferred Income	14 019	13 357
Accumulated Depreciation Impairment Property Plant Equipment	635 556	734 585
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-7 360
Administrative Expenses	1 762 097	1 700 677
Applicable Tax Rate	19	19
Average Number Employees During Period	60	62
Bank Borrowings	843 238	1 062 747
Bank Borrowings Overdrafts	775 340	979 607
Capital Commitments	25 143
Cash Cash Equivalents Cash Flow Value	159 434
Comprehensive Income Expense	436 967	312 505
Corporation Tax Payable	118 320	87 073
Cost Sales	9 826 900	8 409 171
Creditors	844 234	1 019 259
Current Tax For Period	118 319	87 073
Deferred Tax Liabilities	55 232	52 218
Depreciation Amortisation Expense	101 459	102 329
Depreciation Expense Property Plant Equipment	88 175	92 059
Disposals Decrease In Depreciation Impairment Property Plant Equipment		3 300
Disposals Property Plant Equipment		11 206
Dividends Paid	315 000	15 000
Dividends Paid Classified As Financing Activities	-247 500	-15 000
Dividends Paid On Shares Final	315 000	15 000
Finance Lease Liabilities Present Value Total	16 827	10 150
Further Item Interest Expense Component Total Interest Expense	11 375	23 701
Further Operating Expense Item Component Total Operating Expenses	36 407	62 207
Future Minimum Lease Payments Under Non-cancellable Operating Leases	28 582	29 602
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	46 414	-215 874
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-86 244	260 907
Gain Loss On Disposal Assets Income Statement Subtotal	3 470	2 424
Gain Loss On Disposals Property Plant Equipment	3 470	2 424
Government Grant Income		242 453
Gross Profit Loss	2 375 859	1 907 857
Income Taxes Paid Refund Classified As Operating Activities	-107 435	-118 346
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-49 300	704 672
Increase Decrease In Current Tax From Adjustment For Prior Periods	1 697	26
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	67 788	-166 603
Increase From Depreciation Charge For Year Property Plant Equipment		102 329
Interest Expense On Bank Loans Similar Borrowings	28 581	26 312
Interest Paid Classified As Operating Activities	-67 205	-57 779
Interest Payable Similar Charges Finance Costs	67 205	57 779
Issue Equity Instruments	100
Net Cash Flows From Used In Financing Activities	399 524	-168 703
Net Cash Flows From Used In Investing Activities	79 269	49 080
Net Cash Flows From Used In Operating Activities	-429 493	-585 049
Net Cash Generated From Operations	-604 133	-761 174
Net Current Assets Liabilities	230 977	746 582
Net Interest Received Paid Classified As Investing Activities	-1 025	-390
Number Shares Issued Fully Paid		227 700
Operating Profit Loss	613 762	449 633
Other Deferred Tax Expense Credit	-8 654	-7 360
Other Interest Receivable Similar Income Finance Income	1 025	390
Other Operating Income Format1		242 453
Other Remaining Borrowings	38 048	16 145
Other Taxation Social Security Payable	118 677	204 984
Par Value Share		1
Payments Finance Lease Liabilities Classified As Financing Activities	-53 715	-8 556
Pension Other Post-employment Benefit Costs Other Pension Costs	29 605	25 318
Prepayments	67 665	32 010
Proceeds From Borrowings Classified As Financing Activities		-250 000
Proceeds From Issuing Shares	-100
Proceeds From Sales Property Plant Equipment	-7 100	-10 330
Profit Loss	436 967	312 505
Profit Loss On Ordinary Activities Before Tax	547 582	392 244
Property Plant Equipment Gross Cost	2 480 977	2 529 571
Provisions	35 804	28 444
Provisions For Liabilities Balance Sheet Subtotal	35 804	28 444
Purchase Property Plant Equipment	-87 394	-59 800
Repayments Borrowings Classified As Financing Activities	-98 409	-57 741
Social Security Costs	124 382	138 582
Staff Costs Employee Benefits Expense	1 618 687	1 705 365
Tax Expense Credit Applicable Tax Rate	104 041	74 526
Tax Increase Decrease From Effect Capital Allowances Depreciation	4 142	4 478
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	735	709
Tax Tax Credit On Profit Or Loss On Ordinary Activities	110 615	79 739
Total Additions Including From Business Combinations Property Plant Equipment		59 800
Total Assets Less Current Liabilities	2 076 398	2 541 568
Total Borrowings	1 802 230	1 637 161
Total Current Tax Expense Credit	119 269	87 099
Trade Creditors Trade Payables	1 120 590	734 600
Trade Debtors Trade Receivables	555 841	346 757
Turnover Revenue	12 202 759	10 317 028
Wages Salaries	1 464 700	1 541 465