I & K Motors Ltd. in Inverurie, AB51 4FT

Description

Data updated on: 01-11-2023

I & K Motors Ltd. is officially located at Inverurie at I & K Motors Ltd. Anyone can search for this business by referencing its zip code - AB51 4FT. I & K Motors's launching dates back to year 2003. The company is registered under the number SC243121 and company's current status is active. This business's SIC and NACE codes are 45200, that means Maintenance and repair of motor vehicles. I & K Motors Limited. reported its account information for the financial year up to 2022-03-31. The business latest annual confirmation statement was submitted on 2023-01-30.

This business owes its well established position on the market and permanent growth to a team of two directors, namely Andrew S. and Stephen I., who have been managing the company since April 2023. Additionally, the managing director's assignments are often backed by a secretary - Karen O., who was officially appointed by this specific business in 2020.

Stephen I. is the individual who has control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	89	120	124	622 086	505 606
Current Assets	1 844 777	1 703 745	1 243 056	1 675 742	1 688 211
Debtors	69 991	119 338	76 843	106 037	365 581
Net Assets Liabilities	1 492 404	1 377 051	1 244 986	1 511 912	1 504 263
Other Debtors		107 591	63 766	92 060	355 116
Total Inventories	1 774 697	1 584 287	1 166 089	947 619	817 024
Property Plant Equipment	696 562	719 164	692 373	36 688

Other Financial Data
Amount Specific Advance Or Credit Directors	69	54 931	69		233 264
Amount Specific Advance Or Credit Made In Period Directors		55 000			233 264
Amount Specific Advance Or Credit Repaid In Period Directors			55 000
Accumulated Depreciation Impairment Property Plant Equipment	268 321	292 378	296 295	111 200	110 874
Average Number Employees During Period	34	32	23	17	15
Creditors	5 535	19 107	179 000	195 444	213 730
Increase From Depreciation Charge For Year Property Plant Equipment		27 106	30 852	15 364	249
Net Current Assets Liabilities	813 047	683 872	736 066	1 480 298	1 474 481
Other Creditors		41 552	170 000	61 393	37 914
Other Taxation Social Security Payable		22 644	18 196	67 594	34 353
Property Plant Equipment Gross Cost	964 883	1 011 542	988 668	147 888	156 606
Provisions For Liabilities Balance Sheet Subtotal	11 670	6 878	4 453	5 074	6 030
Total Additions Including From Business Combinations Property Plant Equipment		66 314	4 061	515	8 718
Total Assets Less Current Liabilities	1 509 609	1 403 036	1 428 439	1 516 986	1 510 293
Trade Creditors Trade Payables		233 207	69 120	66 457	141 463
Trade Debtors Trade Receivables		11 747	13 077	13 977	10 465
Accrued Liabilities		21 485	19 144
Bank Borrowings Overdrafts		610 327	303 371
Corporation Tax Payable		9 471
Disposals Decrease In Depreciation Impairment Property Plant Equipment		3 049	26 935	200 459
Disposals Property Plant Equipment		19 655	26 935	841 295
Finance Lease Liabilities Present Value Total		18 000	9 000
Other Remaining Borrowings		1 107	170 000