Independent Parts &service Limited in London, EC2A 1AG

Description

Data updated on: 01-11-2023

2001 is the year of the establishment of Independent Parts &service Limited, the firm registered at 30 Finsbury Square, , London. This means it's been twenty three years Independent Parts &service has prospered in the business, as the company was founded on November 5, 2001. The Companies House Reg No. is 04316915 and the area code is EC2A 1AG. The company's classified under the NACE and SIC code 33190 which means Repair of other equipment. 2020-12-31 is the last time company accounts were reported.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31
Currency

Balance Sheet
Cash Bank On Hand	70	222	696	92 111	451 536
Current Assets	4 823 838	4 373 689	4 439 264	4 314 629	2 965 903
Debtors	2 742 451	2 017 844	2 228 081	1 917 129	2 429 144
Net Assets Liabilities	1 161 149	1 080 815	1 183 655	1 752 758	2 002 634
Other Debtors	325 000	50 913	212 215	59 391	1 433
Property Plant Equipment	282 399	202 005	157 645	92 726	34 947
Total Inventories	2 081 317	2 355 623	2 210 487	2 305 389	85 223

Other Financial Data
Audit Fees Expenses	10 175	10 000	10 000	10 500
Fees For Non-audit Services	1 718	1 200	3 175	1 375
Company Contributions To Money Purchase Plans Directors	24 529	20 000	10 200	10 404
Director Remuneration	398 011	287 956	131 456	135 289
Number Directors Accruing Benefits Under Money Purchase Scheme	3	3	1	1
Accrued Liabilities	378 780	191 004	268 604	255 620
Accumulated Amortisation Impairment Intangible Assets	442 927	507 236	571 544	571 544
Accumulated Depreciation Impairment Property Plant Equipment	122 554	158 708	237 487	240 852	135 883
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-15 062
Administrative Expenses	2 528 985	2 185 636	1 912 547	1 759 216
Amortisation Expense Intangible Assets	64 309	64 309	64 308
Amounts Owed By Group Undertakings	62 308		19
Amounts Owed To Group Undertakings		200 000
Applicable Tax Rate	20	19	19	19
Average Number Employees During Period	82	42	38	35	25
Bank Borrowings		1 376 310	1 315 434	550 786
Bank Borrowings Overdrafts	1 849 327	1 383 537	1 316 062	550 786
Bank Overdrafts	1 849 327	14 805	628
Cash Cash Equivalents Cash Flow Value	-1 849 257	-1 383 315	68
Comprehensive Income Expense	2 698 861	169 666	447 840	569 103
Corporation Tax Payable	72 356	53 044	130 181	142 421
Cost Sales	6 802 470	6 970 034	7 273 812	7 530 683
Creditors	4 031 659	23 174	3 397 861	2 648 155	995 756
Current Tax For Period	72 356	53 044	130 181	142 421
Depreciation Amortisation Expense	189 797	155 541	143 089	93 202
Depreciation Expense Property Plant Equipment	96 880	59 162	51 709	93 202
Disposals Decrease In Depreciation Impairment Property Plant Equipment		55 078		89 837	147 388
Disposals Property Plant Equipment		56 077		97 783	162 748
Distribution Costs	2 089 537	454 127	478 101	464 545
Dividends Paid	2 625 000	250 000	345 000
Dividends Paid Classified As Financing Activities	-2 625 000	-250 000	-345 000
Dividends Paid On Shares Interim	2 625 000	250 000	345 000
Finance Lease Liabilities Present Value Total	106 909	23 174	21 382
Finance Lease Payments Owing Minimum Gross	115 878	69 526	23 176
Fixed Assets	411 016	266 313	157 645	92 726	34 947
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total	-2 632 313
Further Operating Expense Item Component Total Operating Expenses	129 403	160 000	160 000	23 993
Future Finance Charges On Finance Leases	8 969	5 381	1 794
Future Minimum Lease Payments Under Non-cancellable Operating Leases	160 000	160 000	160 000	160 000
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	332 337	-171 590	98 758	24 712
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-496 435	662 299	-210 219	310 933
Gain Loss On Disposal Assets Income Statement Subtotal	2 709 012	-250		-654
Gain Loss On Disposals Property Plant Equipment	76 700	-250		-654
Gross Profit Loss	4 937 246	2 782 337	2 890 694	2 848 688
Income From Leasing Plant Equipment		100 000	100 000	100 000
Income Taxes Paid Refund Classified As Operating Activities		-72 189	-53 044	-126 774
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	55 112	465 942	7 073	92 043
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	16 492	274 306	-145 136	94 902
Increase From Amortisation Charge For Year Intangible Assets		64 309	64 308
Increase From Depreciation Charge For Year Property Plant Equipment		91 232	78 779	93 202	42 419
Intangible Assets	128 617	64 308
Intangible Assets Gross Cost	571 544	571 544	571 544	571 544
Interest Expense On Bank Overdrafts	53 366	31 561	30 028	23 968
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	2 235	3 588	3 588	1 793
Interest Paid Classified As Operating Activities	-53 366	-31 561	-30 028	-23 968
Interest Payable Similar Charges Finance Costs	55 601	35 149	33 616	25 761
Merchandise	2 081 317	2 355 623	2 210 487	2 305 389
Net Cash Flows From Used In Financing Activities	2 655 300	30 456	648 658	786 011
Net Cash Flows From Used In Investing Activities	-2 636 774	11 032	34 419	28 937
Net Cash Flows From Used In Operating Activities	-73 638	-507 430	-690 150	-906 991
Net Cash Generated From Operations	-129 239	-614 768	-776 810	-1 059 526
Net Current Assets Liabilities	792 179	864 660	1 041 403	1 666 474	1 970 147
Net Interest Received Paid Classified As Investing Activities		-56
Number Shares Issued Fully Paid		343 750		343 750
Operating Profit Loss	2 829 044	242 574	600 046	724 927
Other Creditors	4 975	7 163	6 572	6 382	105 775
Other Deferred Tax Expense Credit	2 226	-15 062	-11 591	-8 951
Other Interest Receivable Similar Income Finance Income		56
Other Operating Income Format1	2 510 320	100 000	100 000	100 000
Other Taxation Social Security Payable	38 533	32 946	25 430	27 384	704 343
Par Value Share		1		1
Payments Finance Lease Liabilities Classified As Financing Activities	103 008	-42 764	-42 763	-21 382
Pension Other Post-employment Benefit Costs Other Pension Costs	134 097	65 254	55 044	51 967
Prepayments Accrued Income	99 417	50 913	212 215	59 391
Proceeds From Sales Property Plant Equipment	-187 196	-749		-7 292
Profit Loss	2 698 861	169 666	447 840	569 103
Profit Loss On Ordinary Activities Before Tax	2 773 443	207 481	566 430	699 166
Property Plant Equipment Gross Cost	404 953	360 713	395 132	333 578	170 830
Provisions	42 046	26 984	15 393	6 442
Provisions For Liabilities Balance Sheet Subtotal	42 046	26 984	15 393	6 442	2 460
Purchase Property Plant Equipment	-182 734	-11 837	-34 419	-36 229
Social Security Costs	256 006	130 551	110 109	102 831
Staff Costs Employee Benefits Expense	3 107 211	1 612 969	1 401 362	1 358 266
Tax Decrease Increase From Effect Revenue Exempt From Taxation	502 064
Tax Expense Credit Applicable Tax Rate	554 689	39 932	107 622	132 842
Tax Increase Decrease From Effect Capital Allowances Depreciation	9 095	-1 448	1 405	628
Tax Tax Credit On Profit Or Loss On Ordinary Activities	74 582	37 815	118 590	130 063
Total Additions Including From Business Combinations Property Plant Equipment		11 837	34 419	36 229
Total Assets Less Current Liabilities	1 203 195	1 130 973	1 199 048	1 759 200	2 005 094
Total Borrowings	1 956 236	1 455 260	1 337 444	550 786
Total Current Tax Expense Credit	72 356	52 877	130 181	139 014
Trade Creditors Trade Payables	1 344 689	1 351 592	1 374 871	1 394 009	185 638
Trade Debtors Trade Receivables	2 255 726	1 966 931	2 015 847	1 857 738	2 427 711
Turnover Revenue	11 739 716	9 752 371	10 164 506	10 379 371
Wages Salaries	2 717 108	1 417 164	1 236 209	1 203 468
Additional Provisions Increase From New Provisions Recognised				-8 951
Increase Decrease In Current Tax From Adjustment For Prior Periods				-3 407
Repayments Borrowings Classified As Financing Activities			-60 876	-764 648