Formula Fast Limited in Milton Keynes, MK1 1JJ

Description

Data updated on: 01-11-2023

Formula Fast Limited is located at Milton Keynes at Formula Fast Indoor Karting Unit 3, Bond Estate. Anyone can search for the firm using the area code - MK1 1JJ. Formula Fast's incorporation dates back to 2009. This firm is registered under the number 06986966 and its state is active. This enterprise's classified under the NACE and SIC code 93199 - Other sports activities. The most recent accounts were submitted for the period up to December 31, 2022 and the most recent annual confirmation statement was filed on September 3, 2023.

1 transaction have been registered in 2011 with a sum total of £681. Cooperation with the Oxfordshire County Council council covered the following areas: Services.

According to this particular firm's executives list, since March 2013 there have been two directors: Oliver F. and Philip S.. In order to provide support to the directors, this specific limited company has been utilizing the skills of Philip S. as a secretary for the last eleven years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand				40 773	27 960	15 882			89 034	39 685
Current Assets	30 455	60 955	103 054	82 674	61 260	49 262	59 026	51 406	111 645	85 725
Debtors	13 014	30 800	34 700	39 401	30 800	30 880			20 111	43 040
Net Assets Liabilities				-39 590	-47 924	-90 688	-71 500	-124 539	-34 473	-66 322
Other Debtors				39 401	30 800	30 880			7 880	34 806
Property Plant Equipment				43 265	33 138	21 707			72 952	86 547
Total Inventories				2 500	2 500	2 500			2 500	3 000
Cash Bank In Hand	12 603	27 655	65 854	40 773
Net Assets Liabilities Including Pension Asset Liability	-27 583	-38 929	4 854	-39 590
Stocks Inventory	4 838	2 500	2 500	2 500
Tangible Fixed Assets	58 321	31 660	26 735	43 265

Capital & Reserves
Called Up Share Capital	100	100	100	100
Profit Loss Account Reserve	-27 683	-39 029	4 754	-39 690

Other Financial Data
Accrued Liabilities Not Expressed Within Creditors Subtotal							2 848	78 697	58 739
Accumulated Depreciation Impairment Property Plant Equipment				131 231	145 708	159 191			201 729	234 394
Additions Other Than Through Business Combinations Property Plant Equipment					4 350	2 052				53 588
Average Number Employees During Period				10	10	10	17	13	20	26
Bank Borrowings				38 632	52 278	79 660			35 000	25 000
Bank Overdrafts				14 793	12 000	14 441			10 000	61 212
Corporation Tax Payable					80
Creditors				126 897	71 794	53 732	62 911	28 410	106 956	147 410
Fixed Assets							16 963	40 251	72 952
Future Minimum Lease Payments Under Non-cancellable Operating Leases				862 500	747 500	115 000			133 488	77 868
Increase From Depreciation Charge For Year Property Plant Equipment					14 477	13 483				36 690
Net Current Assets Liabilities	-85 904	-1 435	-8 523	-44 223	-10 534	-4 470	-3 885	22 996	63 428	-61 685
Other Creditors				93 218	40 325	26 103			79 425	3 736
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment										4 025
Other Disposals Property Plant Equipment										7 328
Other Taxation Social Security Payable				15 334	15 821
Property Plant Equipment Gross Cost				174 496	178 846	180 898			274 681	320 941
Taxation Social Security Payable					15 901	13 188			11 871	36 076
Total Assets Less Current Liabilities	-27 583	30 225	18 212	-958	22 604	17 237	13 078	63 247	136 380	24 862
Trade Creditors Trade Payables				3 552	3 568				5 660	46 386
Trade Debtors Trade Receivables									12 231	8 234
Capital Employed	-27 583	-38 929	4 854	-39 590
Creditors Due After One Year		69 154	12 265	38 632
Creditors Due Within One Year	116 359	62 390	111 577	126 897
Number Shares Allotted		100	100	100
Par Value Share		1	1	1
Provisions For Liabilities Charges			1 093
Share Capital Allotted Called Up Paid	100	100	100	100
Tangible Fixed Assets Additions		17 873	18 293	32 498
Tangible Fixed Assets Cost Or Valuation	152 615	130 895	143 153	174 496
Tangible Fixed Assets Depreciation	94 294	99 235	116 418	131 231
Tangible Fixed Assets Depreciation Charged In Period		29 474	20 218	15 349
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		24 533	3 035	536
Tangible Fixed Assets Disposals		39 593	6 035	1 155