Forfar Motor Company Limited, DD8 3TG

Description

Data updated on: 01-11-2023

Located at Kirriemuir Road, Forfar DD8 3TG Forfar Motor Company Limited is classified as a Private Limited Company issued a SC087382 Companies House Reg No. The company was launched on 1984/03/27. This business's principal business activity number is 45111 and has the NACE code: Sale of new cars and light motor vehicles. The company's latest accounts describe the period up to Sat, 31st Dec 2022 and the most current confirmation statement was filed on Sun, 3rd Sep 2023.

Jeremy P. and Derek P. are registered as the enterprise's directors and have been managing the firm for two years.

Derek P. 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	2020-12-31	2021-12-31	2022-12-31	2023-12-31
Currency

Balance Sheet
Cash Bank On Hand	988 309	719 395	795 128	682 868
Current Assets	3 514 870	1 919 864	2 349 274	3 570 421
Debtors	270 750	78 952	118 147	84 372
Net Assets Liabilities	1 768 022	1 887 269	2 018 924	2 094 030
Other Debtors	160 562	5 118	9 421	22 970
Property Plant Equipment	393 710	507 247	523 673	492 946
Total Inventories	2 255 811	1 121 008

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	692 263	725 727	770 038	816 564
Amounts Owed To Group Undertakings			-13 463	12 290
Amounts Owed To Related Parties		14 706	13 463
Average Number Employees During Period	22	23	22	22
Corporation Tax Payable	36 526	5 770	30 159	42 453
Creditors	2 138 867	515 736	826 697	1 940 839
Current Asset Investments		509		71 115
Current Tax For Period	36 526	5 770	30 159	42 453
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	39	22 415	3 219	1 172
Increase Decrease In Current Tax From Adjustment For Prior Periods		8
Increase From Depreciation Charge For Year Property Plant Equipment		33 464	44 311	46 526
Net Current Assets Liabilities	1 376 003	1 404 128	1 522 577	1 629 582
Number Shares Issued Fully Paid		40 000	40 000	40 000
Other Creditors	20 754	32 487	54 698	40 741
Other Investments Other Than Loans		509		71 115
Other Taxation Social Security Payable	11 970	90 442	366 738	317 355
Par Value Share		1	1	1
Property Plant Equipment Gross Cost	1 085 973	1 232 974	1 293 711	1 309 510
Provisions For Liabilities Balance Sheet Subtotal	1 691	24 106	27 326	28 498
Tax Tax Credit On Profit Or Loss On Ordinary Activities	36 565	28 193	33 378	43 625
Total Additions Including From Business Combinations Property Plant Equipment		147 001	60 737	15 799
Total Assets Less Current Liabilities	1 769 713	1 911 375	2 046 250	2 122 528
Total Current Tax Expense Credit	36 526	5 778	30 159
Trade Creditors Trade Payables	2 069 617	387 037	375 102	1 540 290
Trade Debtors Trade Receivables	110 188	73 834	108 726	61 402