Formula Cars (south West) Limited in Somerset, TA21 9HH

Description

Data updated on: 01-11-2023

This Formula Cars (south West) Limited business has been on the market for at least 23 years, having launched in 2001. Registered under the number 04302350, Formula Cars (south West) was set up as a Private Limited Company with office in Poole Trading Estate, Somerset TA21 9HH. The enterprise's SIC and NACE codes are 45200 - Maintenance and repair of motor vehicles. 2022-10-31 is the last time account status updates were filed.

Due to this particular firm's constant development, it was necessary to find extra directors: Timothy J. and Stephen J. who have been participating in joint efforts since 2001-10-10 for the benefit of this specific firm. In order to support the directors in their duties, this firm has been utilizing the skills of Timothy J. as a secretary for the last 23 years.

Tim J. is the individual who controls this firm, has substantial control or influence over the company.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31
Currency

Balance Sheet
Cash Bank On Hand	78 617	127 657	204 626	249 006	182 884
Current Assets	313 470	313 003	410 302	462 709	431 757
Debtors	14 383	14 591	29 564	25 186	23 688
Net Assets Liabilities	208 950	194 627	209 022	232 529	224 833
Other Debtors	12 295	11 519	2 285	4 754	9 332
Property Plant Equipment	9 284	7 516	9 799	9 326	10 030
Total Inventories	220 470	170 755	176 112	188 517	225 185

Other Financial Data
Accrued Liabilities Deferred Income	4 414	4 504	5 635	6 015	6 099
Accumulated Depreciation Impairment Property Plant Equipment	58 974	59 849	53 114	47 979	48 704
Average Number Employees During Period	6	6	6	5	5
Bank Borrowings Overdrafts			3 333	10 000	10 000
Creditors	112 040	124 464	162 550	201 578	188 604
Depreciation Rate Used For Property Plant Equipment		25	25	25	25
Disposals Decrease In Depreciation Impairment Property Plant Equipment		1 706	10 053	8 324	2 673
Disposals Property Plant Equipment		1 876	11 250	9 000	2 890
Fixed Assets	9 284	7 516	9 799	9 326	10 030
Government Grant Income			53 136	27 951
Increase From Depreciation Charge For Year Property Plant Equipment		2 581	3 318	3 189	3 398
Net Current Assets Liabilities	201 430	188 539	247 752	261 131	243 153
Other Creditors			46 667	35 833	25 842
Property Plant Equipment Gross Cost	68 258	67 364	62 913	57 305	58 734
Provisions For Liabilities Balance Sheet Subtotal	1 764	1 428	1 862	2 095	2 508
Total Additions Including From Business Combinations Property Plant Equipment				3 392	4 319
Total Assets Less Current Liabilities	210 714	196 055	257 551	270 457	253 183
Trade Creditors Trade Payables	23 332	22 451	16 494	28 738	21 109
Trade Debtors Trade Receivables	2 088	3 072	27 279	20 432	14 356
Advances Credits Directors	68 242	80 902	113 632	126 606	141 650
Advances Credits Made In Period Directors	74 351	62 302	47 326	67 680
Advances Credits Repaid In Period Directors	74 953	74 962	80 055	81 106

Company staff

Timothy J.

Role: Secretary

Appointed: 10 October 2001

Latest update: 23 February 2024

Timothy J.

Role: Director

Appointed: 10 October 2001

Latest update: 23 February 2024

Stephen J.

Role: Director

Appointed: 10 October 2001

Latest update: 23 February 2024

People with significant control

Tim J.

Notified on 7 April 2016

Nature of control:

substantial control or influence

Accounts Documents

Account next due date	31 July 2024
Account last made up date	31 October 2022
Confirmation statement next due date	24 October 2024
Confirmation statement last made up date	10 October 2023

Annual Accounts
Start Date For Period Covered By Report	2018-11-01
End Date For Period Covered By Report	31/10/2019
Annual Accounts
Start Date For Period Covered By Report	2019-11-01
End Date For Period Covered By Report	31/10/2020
Annual Accounts
Start Date For Period Covered By Report	2020-11-01
End Date For Period Covered By Report	31/10/2021
Annual Accounts
Start Date For Period Covered By Report	2021-11-01
End Date For Period Covered By Report	31/10/2022

Formula Cars (south West) Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Timothy J.

Timothy J.

Stephen J.

Secretarial Appointments Limited

Corporate Appointments Limited

People with significant control

Tim J.

Accounts Documents

Company filings

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