Global Technologies Racing Limited in Fontwell, BN18 0SU

Description

Data updated on: 01-11-2023

This particular company is registered in Fontwell under the ID 04633827. It was set up in the year 2003. The headquarters of this firm is located at Westergate Works Denmans Lane. The zip code for this place is BN18 0SU. The company's SIC code is 29100 and has the NACE code: Manufacture of motor vehicles. The company's most recent annual accounts were submitted for the period up to 2023-01-31 and the latest confirmation statement was released on 2023-01-10.

With five recruitment offers since Thursday 14th July 2016, the firm has been an active employer on the job market. On Thursday 6th October 2016, it started recruiting candidates for a Cnc Machinist position in Fontwell, and on Thursday 14th July 2016, for the vacant position of a Manufacturing Engineer in Fontwell. They look for employees on such positions as: Trainee Buyer/Purchasing or Data Input Clerk.

John B. and Simon K. are listed as enterprise's directors and have been cooperating as the Management Board since 2003. In order to help the directors in their tasks, the business has been utilizing the skillset of Rebecca K. as a secretary for the last 21 years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-01-31	2012-01-31	2019-01-31	2020-01-31	2021-01-31	2022-01-31	2023-01-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	576 513	729 834

Balance Sheet
Cash Bank On Hand			2 019 179	2 408 881	2 616 702	1 666 580	1 578 261
Current Assets	1 064 528	1 535 172	6 523 108	6 943 834	6 949 232	6 984 621	8 645 832
Debtors	812 797	923 939	3 922 349	3 955 688	3 621 603	4 416 659	6 132 505
Net Assets Liabilities			4 739 551	5 070 884	5 953 779	6 240 440	6 066 514
Other Debtors			25 943	21 174	389 390	21 091	27 015
Property Plant Equipment			1 851 151	1 716 435	2 289 578	2 699 781	2 309 649
Total Inventories			581 580	579 265	710 927	901 382	935 066
Cash Bank In Hand	90 622	488 395
Net Assets Liabilities Including Pension Asset Liability	576 513	729 834
Stocks Inventory	161 109	122 838
Tangible Fixed Assets	253 215	437 122

Capital & Reserves
Called Up Share Capital	2	2
Profit Loss Account Reserve	576 511	729 832
Shareholder Funds	576 513	729 834

Other Financial Data
Audit Fees Expenses			6 500	6 500	7 300	8 100	8 500
Accrued Liabilities Deferred Income			286 424	310 687	280 465	260 237	284 983
Accumulated Depreciation Impairment Property Plant Equipment			2 661 098	3 251 855	3 899 452	4 555 045	4 989 378
Additions Other Than Through Business Combinations Property Plant Equipment				499 616	1 384 397	1 124 241	201 406
Administrative Expenses			4 986 892	6 075 667	5 968 290	6 935 321	6 122 548
Average Number Employees During Period			134	181	214	255	272
Cash Cash Equivalents Cash Flow Value			2 019 179	2 408 881	2 616 702	1 666 580	1 578 261
Corporation Tax Recoverable			298 696	907 779	1 215 359	1 371 874	957 502
Cost Sales			14 260 657	17 527 992	15 162 201	15 981 844	13 017 051
Creditors			3 513 908	3 463 485	3 067 631	54 154	40 643
Current Tax For Period			-298 696	-591 509	-623 849	-750 505	-957 502
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws						71 500
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			-18 500	-33 000	91 500	9 100	-66 600
Depreciation Expense Property Plant Equipment			634 956	612 538	781 562	702 536	556 085
Depreciation Impairment Expense Property Plant Equipment			634 956	612 538	781 562	702 536	556 085
Distribution Costs			100 829	88 345	69 041	77 756	13 610
Dividends Paid			134 000	174 000	174 000	174 000	186 000
Dividends Paid Classified As Financing Activities			-134 000	-174 000	-174 000	-174 000	-186 000
Dividends Paid On Shares Final			134 000	174 000	174 000	174 000	186 000
Finance Lease Liabilities Present Value Total						54 154	40 643
Finance Lease Payments Owing Minimum Gross						67 230	54 154
Finished Goods Goods For Resale			428 246	426 945	477 502	567 463	506 834
Further Item Deferred Expense Credit Component Total Deferred Tax Expense				38 100
Further Item Interest Expense Component Total Interest Expense				384	2 265	129	3 359
Further Item Tax Increase Decrease Component Adjusting Items			332	183 571	16 808	3 530	20 896
Future Minimum Lease Payments Under Non-cancellable Operating Leases			643 150	2 417 429	2 193 675	2 165 921	1 942 167
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss			-76 524	27 503	146 724	-92 156	161 623
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			-1 402 475	50 423	395 854	-11 101	-1 524 681
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			1 023 368	-575 744	-641 665	638 541	2 130 218
Gain Loss In Cash Flows From Change In Inventories			118 150	-2 315	131 662	190 455	33 684
Gain Loss On Disposals Property Plant Equipment			5 261	-14 691	648	9 953	35 000
Government Grant Income					1 057 785	45 591	40 998
Gross Profit Loss			5 976 753	6 051 477	5 505 165	6 677 937	4 932 612
Income From Related Parties				2 670
Income Taxes Paid Refund Classified As Operating Activities			320 526		316 269	590 460	1 373 292
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			-730 548	-389 702	-207 821	950 122	88 319
Increase Decrease In Current Tax From Adjustment For Prior Periods			332	-17 574		3 530	-1 418
Increase From Depreciation Charge For Year Property Plant Equipment				612 538	781 562	702 536	556 085
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				15
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts						359	1 903
Interest Income On Bank Deposits			2 064	3 962	1 192	294	1 035
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss			2 064	3 962	1 192
Interest Paid Classified As Operating Activities					-2 265	-488	-5 262
Interest Payable Similar Charges Finance Costs				399	2 265	488	5 262
Interest Received Classified As Investing Activities			-2 064	-3 962	-1 192	-59 323	-1 767
Net Cash Flows From Used In Financing Activities			134 000	174 000
Net Cash Flows From Used In Investing Activities			1 235 662	488 551
Net Cash Flows From Used In Operating Activities			-2 100 210	-1 052 253	-1 734 686
Net Cash Generated From Operations			-1 779 684	-1 052 652	-1 420 682	389 861	1 128 087
Net Current Assets Liabilities	323 298	292 712	3 009 200	3 480 349	3 881 601	3 892 813	4 028 908
Net Finance Income Costs			2 064	3 962	1 192	59 323	1 767
Net Interest Paid Received Classified As Operating Activities				-399	-2 265
Operating Profit Loss			889 032	-102 213	525 619	-264 549	-1 009 951
Other Creditors			29 424	30 848	25 771	267 684	1 295 762
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				21 781	133 965	46 943	121 752
Other Disposals Property Plant Equipment				43 575	163 657	58 445	157 205
Other Interest Income						59 029	732
Other Interest Receivable Similar Income Finance Income			2 064	3 962	1 192	59 323	1 767
Other Operating Income Format1				10 322	1 057 785	70 591	193 595
Other Taxation Social Security Payable			164 844	471 794	395 311	484 941	826 810
Payments Finance Lease Liabilities Classified As Financing Activities						-2 138	-13 076
Pension Other Post-employment Benefit Costs Other Pension Costs			54 471	122 227	141 737	176 037	209 688
Prepayments Accrued Income			123 516	221 012	271 792	617 441	2 310 785
Proceeds From Sales Property Plant Equipment			-16 500	-7 103	-30 340	-1 255	-70 453
Profit Loss			1 207 960	505 333	1 056 895	460 661	12 074
Profit Loss On Ordinary Activities Before Tax			891 096	-98 650	524 546	-205 714	-1 013 446
Property Plant Equipment Gross Cost			4 512 249	4 968 290	6 189 030	7 254 826	7 299 027
Provisions For Liabilities Balance Sheet Subtotal			120 800	125 900
Purchase Property Plant Equipment			-1 254 226	-499 616	-1 384 397	-1 034 673	-201 406
Research Development Expense Recognised In Profit Or Loss				3 395 691	3 442 652	3 852 029
Social Security Costs			469 384	655 148	748 070	956 122	1 144 422
Staff Costs Employee Benefits Expense			5 152 865	7 398 766	8 337 532	10 454 631	11 992 715
Taxation Including Deferred Taxation Balance Sheet Subtotal			120 800	125 900	217 400	298 000	231 400
Tax Expense Credit Applicable Tax Rate			169 308	-18 744	99 664	-39 086	-192 555
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit			-604 337	-816 688	-850 336	-951 453	-1 134 491
Tax Increase Decrease From Effect Capital Allowances Depreciation			668	-1 331	7 773	66 812	-20 611
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			12 673	8 255	134	5 555	5 503
Tax Tax Credit On Profit Or Loss On Ordinary Activities			-316 864	-603 983	-532 349	-666 375	-1 025 520
Total Assets Less Current Liabilities	576 513	729 834	4 860 351	5 196 784	6 171 179	6 592 594	6 338 557
Total Current Tax Expense Credit			-298 364	-609 083	-623 849	-746 975	-958 920
Total Deferred Tax Expense Credit			-18 500	5 100	91 500	80 600	-66 600
Total Operating Lease Payments			170 693	243 994	257 214	301 165	301 632
Trade Creditors Trade Payables			3 033 216	2 650 156	2 366 084	2 065 870	2 195 858
Trade Debtors Trade Receivables			3 474 194	2 805 723	1 745 062	2 406 253	2 837 203
Turnover Revenue			20 237 410	23 579 469	20 667 366	22 284 781	17 949 663
Wages Salaries			4 629 010	6 621 391	7 447 725	9 322 472	10 638 605
Work In Progress			153 334	152 320	233 425	333 919	428 232
Director Remuneration				22 000	21 667	21 200	21 200
Creditors Due Within One Year Total Current Liabilities	741 230	1 242 460
Fixed Assets	253 215	437 122
Intangible Fixed Assets Aggregate Amortisation Impairment	8 500	8 500
Intangible Fixed Assets Cost Or Valuation	8 500	8 500
Tangible Fixed Assets Additions		317 803
Tangible Fixed Assets Cost Or Valuation	585 419	903 222
Tangible Fixed Assets Depreciation	332 204	466 100
Tangible Fixed Assets Depreciation Charge For Period		133 896

Company staff

John B.

Role: Director

Appointed: 10 March 2003

Latest update: 15 November 2023

Rebecca K.

Role: Secretary

Appointed: 16 January 2003

Latest update: 15 November 2023

Simon K.

Role: Director

Appointed: 16 January 2003

Latest update: 15 November 2023

People with significant control

Executives who control the firm include: John B. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Simon B. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

John B.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Simon B.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

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

Annual Accounts
Start Date For Period Covered By Report	2019-02-01
End Date For Period Covered By Report	2020-01-31
Annual Accounts
Start Date For Period Covered By Report	2020-02-01
End Date For Period Covered By Report	2021-01-31
Annual Accounts
Start Date For Period Covered By Report	2021-02-01
End Date For Period Covered By Report	2022-01-31
Annual Accounts
Start Date For Period Covered By Report	2022-02-01
End Date For Period Covered By Report	2023-01-31

Cnc Machinist in Fontwell, posted on Thursday 6th October 2016
Region / City	Fontwell
Salary	From £17.00 to £20.00 per hour
Job type	permanent
Expiration date	Thursday 17th November 2016


Cnc Machinist in Fontwell, posted on Friday 5th August 2016
Region / City	Fontwell
Salary	From £17.00 to £20.00 per hour
Job type	permanent
Expiration date	Saturday 17th September 2016


Data Input Clerk in Fontwell, posted on Friday 5th August 2016
Region / City	Fontwell
Salary	From £7.00 to £7.50 per hour
Job type	permanent
Expiration date	Saturday 17th September 2016


Trainee Buyer/Purchasing in Fontwell, posted on Friday 5th August 2016
Region / City	Fontwell
Salary	From £7.00 to £7.50 per hour
Job type	permanent
Expiration date	Saturday 17th September 2016


Manufacturing Engineer in Fontwell, posted on Thursday 14th July 2016
Region / City	Fontwell
Salary	From £35000.00 to £45000.00 per year
Job type	permanent
Expiration date	Friday 26th August 2016

Global Technologies Racing Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

John B.

Rebecca K.

Simon K.

Hcs Secretarial Limited

Hanover Directors Limited

People with significant control

John B.

Simon B.

Accounts Documents

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