Driveline Systems Limited in Sandy, SG19 1QY

Description

Data updated on: 01-11-2023

1995 signifies the launching of Driveline Systems Limited, a firm registered at 60 Sunderland Road, in Sandy. That would make 29 years Driveline Systems has been on the British market, as it was founded on 1995-09-28. The company's registration number is 03107589 and its area code is SG19 1QY. This company's principal business activity number is 71129 which means Other engineering activities. December 31, 2022 is the last time the accounts were filed.

Currently, the following business is overseen by a single director: Paul S., who was selected to lead the company on 1996-12-20. Since 1995-09-28 Graham W., had performed the duties for the business until the resignation in 2008. What is more a different director, namely Christopher P. resigned 16 years ago. To help the directors in their tasks, the abovementioned business has been utilizing the skillset of James S. as a secretary since the appointment on 2008-06-04.

Paul S. is the individual who has control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	28 866	23 766	12 041	5 932	5 429	8 724	2 989
Current Assets	734 165	824 609	697 919	658 341	622 376	349 704	149 230
Debtors	222 104	220 647	159 843	148 145	128 904	132 214	126 241
Net Assets Liabilities	446 559	522 083	497 106	521 023	402 345	170 452	69 288
Other Debtors	28 656		3 386			681	1 755
Property Plant Equipment	155 762	153 878	157 940	160 622	159 009	155 839	154 741
Total Inventories	483 195	580 196	526 035	504 264	488 043	208 766

Other Financial Data
Accrued Liabilities Deferred Income	10 861	12 048	12 880	13 116	14 000	3 588	4 675
Accumulated Depreciation Impairment Property Plant Equipment	78 142	80 028	81 685	79 341	81 570	77 061	67 815
Average Number Employees During Period			4	5	5	4	1
Bank Borrowings					131 764	55 378	28 303
Bank Borrowings Overdrafts	28 043	52 238	104 000	78 000	55 764	28 992	28 303
Corporation Tax Payable	13 799	11 850	-15 023
Creditors	28 043	52 238	104 000	78 000	55 764	105 379	39 722
Deferred Tax Asset Debtors				2 484	29 620	84 015	107 745
Future Minimum Lease Payments Under Non-cancellable Operating Leases			1 212 640	1 189 320	1 166 000	1 142 680	1 119 360
Increase From Depreciation Charge For Year Property Plant Equipment		1 886	1 657	2 029	2 228	1 098	1 098
Net Current Assets Liabilities	316 951	418 582	445 448	438 401	299 100	119 992	-45 731
Number Shares Issued Fully Paid		500	500
Other Creditors		20 811	38 563	24 518	82 532	146 614	93 222
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				4 373		5 607	10 344
Other Disposals Property Plant Equipment				4 373		7 678	10 344
Other Remaining Borrowings						110 000	76 389
Other Taxation Social Security Payable	4 101	9 909	5 667	10 596	17 826	2 700
Par Value Share		1	1
Payments Received On Account	94 385	97 025	65 708	74 307	64 771
Prepayments Accrued Income	9 949	10 526	11 399	8 264	9 026	9 161	5 608
Property Plant Equipment Gross Cost	233 906	233 906	239 625	239 963	240 578	232 900	222 556
Provisions For Liabilities Balance Sheet Subtotal	-1 889	-1 861	2 282
Total Additions Including From Business Combinations Property Plant Equipment			5 719	4 711	615
Total Assets Less Current Liabilities	472 713	572 460	603 388	599 023	458 109	275 831	109 010
Total Borrowings					131 764	165 378	104 692
Trade Creditors Trade Payables	274 199	241 664	118 676	71 403	68 147	16 811	32 094
Trade Debtors Trade Receivables	183 499	210 121	145 058	137 397	90 258	38 357	11 133

Company staff

James S.

Role: Secretary

Appointed: 04 June 2008

Latest update: 12 March 2024

Paul S.

Role: Director

Appointed: 20 December 1996

Latest update: 12 March 2024