Formula One Car Centre Limited in Glasgow, G73 2JP

Description

Data updated on: 01-11-2023

This particular firm is situated in Glasgow under the following Company Registration No.: SC305930. This company was registered in the year 2006. The main office of the company is located at 2 Victoria Place Rutherglen. The zip code for this address is G73 2JP. The company's classified under the NACE and SIC code 45112, that means Sale of used cars and light motor vehicles. Formula One Car Centre Ltd reported its account information for the period that ended on 2022-07-31. The firm's most recent confirmation statement was released on 2023-07-26.

There's a group of two directors controlling this firm now, including Lee S. and Laura S. who have been executing the directors responsibilities since 2006. Furthermore, the managing director's duties are often aided with by a secretary - Laura S., who was officially appointed by the firm in 2006.

Executives with significant control over the firm are: Lee S. owns 1/2 or less of company shares. Laura S. owns 1/2 or less of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-07-31	2012-07-31	2013-07-31	2014-07-31	2015-07-31	2016-07-31	2017-07-31	2018-07-31	2019-07-31	2020-07-31	2021-07-31	2022-07-31	2023-07-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	176 977	204 268	227 136	299 965	306 977	423 185

Balance Sheet
Cash Bank On Hand						1 942	23 998	171 728	43 276	48 200	468 315	228 874	177 187
Current Assets	458 834	483 307	542 976	650 743	677 190	885 268	1 298 913	1 817 755	1 732 683	1 966 209	2 799 468	4 079 398	4 878 337
Debtors	413 351	372 447	369 738	537 058	547 631	777 731	1 034 260	1 441 683	1 374 642	1 614 165	1 927 623	3 249 332	3 789 144
Net Assets Liabilities									1 021 082	1 249 775	1 613 032	2 965 574	3 291 831
Other Debtors						17 313	63 958	38 605	11 840	2 986	2 193		1 252
Property Plant Equipment						9 722	8 263	13 513	11 486	15 537	14 747	12 535	10 655
Total Inventories						105 595	240 655	204 344	314 765	303 844	403 530	601 192	912 006
Cash Bank In Hand	45 483	110 860	95 323	113 685	44 539	1 942
Stocks Inventory			77 915		85 020	105 595
Tangible Fixed Assets	4 728	4 019	3 444	12 927	10 988	9 722

Capital & Reserves
Called Up Share Capital	1 000	1 000	1 000	1 000	1 000	1 000
Profit Loss Account Reserve	175 977	203 268	226 136	298 965	305 977	422 185
Shareholder Funds	176 977	204 268	227 136	299 965	306 977	423 185

Other Financial Data
Version Production Software										2 021		2 023	2 024
Accrued Liabilities									222 308	99 826	192 660	146 191	260 291
Accumulated Depreciation Impairment Property Plant Equipment						11 099	12 558	14 943	16 970	19 712	22 314	24 526	26 406
Additions Other Than Through Business Combinations Property Plant Equipment										6 793	1 812
Amounts Owed By Group Undertakings Participating Interests									1 381 487	1 510 204	1 816 034	3 230 143	3 706 981
Amounts Owed To Group Undertakings Participating Interests									18 685	55 200	165 600	271 000	375 900
Average Number Employees During Period							5	5	5	5	5	5	6
Bank Borrowings										48 750	38 333	28 333	18 333
Bank Borrowings Overdrafts										1 250	10 000	10 000	10 000
Creditors						471 805	715 669	941 065	723 087	683 221	1 162 850	1 098 026	1 578 828
Deferred Income									85 644	48 604	77 204	84 470	89 575
Increase From Depreciation Charge For Year Property Plant Equipment							1 459	2 385	2 027	2 742	2 602	2 212	1 880
Loans From Directors									201 102	230 173	271 102	261 237	272 349
Net Current Assets Liabilities	172 249	200 249	223 692	287 038	295 989	413 463	583 244	876 690	1 009 596	1 282 988	1 636 618	2 981 372	3 299 509
Other Creditors						371 438	560 399	666 369	509 365		193
Property Plant Equipment Gross Cost						20 821	20 821	28 456	28 456	35 249	37 061	37 061	37 061
Taxation Social Security Payable									157 606	166 078	233 593	171 570	455 690
Total Assets Less Current Liabilities	176 977	204 268	227 136	299 965	306 977	423 185	591 507	890 203	1 021 082	1 298 525	1 651 365	2 993 907	3 310 164
Trade Creditors Trade Payables						1				30 520	77 351	69 745	50 268
Trade Debtors Trade Receivables									11 840	100 975	109 396	19 189	80 911
Value-added Tax Payable									56 116	51 570	135 147	83 813	64 755
Amounts Owed By Group Undertakings						760 418	970 302	1 403 078	1 362 802
Creditors Due Within One Year	286 585	283 058	319 284	363 705	381 201	471 805
Number Shares Allotted		1 000	1 000	1 000	1 000	1 000
Other Taxation Social Security Payable						100 366	155 270	274 696	213 722
Par Value Share		1	1	1	1	1
Share Capital Allotted Called Up Paid	1 000	1 000	1 000	1 000	1 000	1 000
Tangible Fixed Assets Additions				10 000		449
Tangible Fixed Assets Cost Or Valuation	10 372	10 372	10 372	20 372	20 372	20 821
Tangible Fixed Assets Depreciation	5 644	6 353	6 928	7 445	9 384	11 099
Tangible Fixed Assets Depreciation Charged In Period		709	575	517	1 939	1 715
Total Additions Including From Business Combinations Property Plant Equipment								7 635

Company staff

Lee S.

Role: Director

Appointed: 26 July 2006

Latest update: 24 March 2024

Laura S.

Role: Secretary

Appointed: 26 July 2006

Latest update: 24 March 2024

Laura S.

Role: Director

Appointed: 26 July 2006

Latest update: 24 March 2024

People with significant control

Lee S.

Notified on 6 April 2016

Nature of control:

1/2 or less of shares

Laura S.

Notified on 6 April 2016

Nature of control:

1/2 or less of shares

Accounts Documents

Account next due date	30 April 2024
Account last made up date	31 July 2022
Confirmation statement next due date	09 August 2024
Confirmation statement last made up date	26 July 2023

Annual Accounts 30 April 2014
Start Date For Period Covered By Report	01 August 2012
Date Approval Accounts	30 April 2014
Annual Accounts 30 April 2015
Start Date For Period Covered By Report	01 August 2013
End Date For Period Covered By Report	31 July 2014
Date Approval Accounts	30 April 2015
Annual Accounts 8 April 2016
Start Date For Period Covered By Report	01 August 2014
End Date For Period Covered By Report	31 July 2015
Date Approval Accounts	8 April 2016
Annual Accounts 28 April 2017
Start Date For Period Covered By Report	01 August 2015
End Date For Period Covered By Report	31 July 2016
Date Approval Accounts	28 April 2017
Annual Accounts
Start Date For Period Covered By Report	01 August 2016
End Date For Period Covered By Report	31 July 2017
Annual Accounts
Start Date For Period Covered By Report	01 August 2017
End Date For Period Covered By Report	31 July 2018
Annual Accounts
Start Date For Period Covered By Report	01 August 2018
End Date For Period Covered By Report	31 July 2019
Annual Accounts
Start Date For Period Covered By Report	01 August 2018
End Date For Period Covered By Report	31 July 2019
Annual Accounts
Start Date For Period Covered By Report	01 August 2018
End Date For Period Covered By Report	31 July 2019
Annual Accounts
Start Date For Period Covered By Report	01 August 2018
End Date For Period Covered By Report	31 July 2019
Annual Accounts 30 April 2013
End Date For Period Covered By Report	31 July 2012
Date Approval Accounts	30 April 2013
Annual Accounts
End Date For Period Covered By Report	31 July 2013
Annual Accounts
End Date For Period Covered By Report	31 July 2019

Formula One Car Centre Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Lee S.

Laura S.

Laura S.

People with significant control

Lee S.

Laura S.

Accounts Documents

Company filings

Filing category

Search other companies

Services (by SIC Code)

Company Age

Similar companies nearby

Closest companies