Ipswich Tyre Group Limited in Ipswich, IP3 0DL

Description

Data updated on: 01-11-2023

The moment the company was established is 2018-10-23. Established under company registration number 11639069, this company is registered as a Private Limited Company. You may visit the main office of this company during its opening hours at the following address: 37-41 Holywells Road, IP3 0DL Ipswich. This business's Standard Industrial Classification Code is 45200 and their NACE code stands for Maintenance and repair of motor vehicles. Ipswich Tyre Group Ltd reported its latest accounts for the financial year up to 2022-06-30. Its most recent annual confirmation statement was submitted on 2023-02-12.

This firm owes its accomplishments and permanent progress to a team of five directors, who are Tony W., Sophie S., Elizabeth R. and 2 other directors have been described below, who have been supervising it for 6 years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2021-06-30	2022-06-30	2023-06-30
Currency

Balance Sheet
Cash Bank On Hand	1 233	1 018	1 404
Current Assets	469 554	749 339	849 725
Debtors	468 321	748 321	848 321
Net Assets Liabilities	1 141 925	1 509 060	1 761 621
Property Plant Equipment		114 000	108 000
Total Inventories	490 737	886 365

Other Financial Data
Accrued Liabilities Deferred Income	6 602	6 601	6 600
Accumulated Amortisation Impairment Intangible Assets	479 103	638 804	798 505
Accumulated Depreciation Impairment Property Plant Equipment	66 994	96 314	107 502
Additions Other Than Through Business Combinations Property Plant Equipment		32 419	53 415
Administrative Expenses	1 475 430	1 525 131	1 748 069
Amortisation Expense Intangible Assets	159 701	159 701
Amounts Owed To Group Undertakings	1 871 800	1 621 607	1 296 607
Average Number Employees During Period	5	5	5
Bank Borrowings Overdrafts	50 000
Cash Cash Equivalents		2 597 844	3 167 416
Comprehensive Income Expense	960 698	901 269	798 263
Corporation Tax Payable	256 099	243 996	246 063
Cost Sales	10 283 106	12 115 958	13 445 134
Creditors	3 992 664	3 169 314	3 161 139
Current Tax For Period	256 098	243 996	246 063
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	7 161	31 826	-252
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	7 161	31 826	-252
Dividends Paid Classified As Financing Activities	-145 000	-154 600	-167 000
Dividends Paid To Non-controlling Interests Classified As Financing Activities	-70 983	-106 850	-133 788
Dividends Paid To Owners Parent Classified As Financing Activities	-145 000	-154 600	-167 000
Fixed Assets	5 027 535	5 141 535	5 135 535
Further Item Tax Increase Decrease Component Adjusting Items	215	402	-7 301
Gain Loss On Disposals Property Plant Equipment	-5 620	764
Government Grant Income	163 892	10 996
Income Taxes Paid Refund Classified As Operating Activities	-197 721	-256 098	-243 997
Increase Decrease In Current Tax From Adjustment For Prior Periods	-402
Increase From Amortisation Charge For Year Intangible Assets		159 701	159 701
Increase From Depreciation Charge For Year Property Plant Equipment		29 320	27 718
Intangible Assets	1 117 907	958 206	798 505
Intangible Assets Gross Cost	1 597 010	1 597 010
Interest Income On Bank Deposits	4 711	3 423	16 803
Interest Received Classified As Investing Activities	-4 711	-3 423	-16 803
Investments Fixed Assets	5 027 535	5 027 535	5 027 535
Investments In Subsidiaries	5 027 535	5 027 535	5 027 535
Net Cash Generated From Operations			-1 230 008
Net Current Assets Liabilities	-3 523 110	-2 419 975
Net Finance Income Costs	4 711	3 423	16 803
Other Creditors	1 972 093	1 390 235	1 707 932
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		5 014	16 530
Other Disposals Property Plant Equipment		6 250	34 327
Other Interest Receivable Similar Income Finance Income	4 711	3 423	16 803
Payments To Acquire Own Shares	-155 411
Pension Other Post-employment Benefit Costs Other Pension Costs	85 950	87 639	59 055
Percentage Class Share Held In Subsidiary		100
Prepayments Accrued Income	30 601	34 159	32 442
Profit Loss	570 980	521 735	419 561
Property Plant Equipment Gross Cost	238 186	270 605	289 692
Raw Materials Consumables	490 737	886 365
Social Security Costs	180 818	184 852
Staff Costs Employee Benefits Expense	2 189 562	2 470 555	2 745 220
Taxation Including Deferred Taxation Balance Sheet Subtotal	77 539	109 366	109 113
Tax Decrease Increase From Effect Revenue Exempt From Taxation		145
Tax Increase Decrease From Effect Capital Allowances Depreciation	-20 703	-35 371	-20 193
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	44 111	54 961	59 522
Tax Tax Credit On Profit Or Loss On Ordinary Activities	262 857	275 822	245 811
Total Assets Less Current Liabilities	1 504 425	2 721 560
Total Current Tax Expense Credit	255 696	243 996
Trade Creditors Trade Payables	362 500	1 212 500	1 062 500
Trade Debtors Trade Receivables	1 569 676	1 401 924	1 560 191
Turnover Revenue	12 813 488	14 803 761
Wages Salaries	1 922 794	2 198 064	2 619 206

Company staff

Tony W.

Role: Director

Appointed: 30 October 2018

Latest update: 4 March 2024

Sophie S.

Role: Director

Appointed: 26 October 2018

Latest update: 4 March 2024

Elizabeth R.

Role: Director

Appointed: 26 October 2018

Latest update: 4 March 2024

Joseph T.

Role: Director

Appointed: 26 October 2018

Latest update: 4 March 2024

Megan T.

Role: Director

Appointed: 23 October 2018

Latest update: 4 March 2024

People with significant control

Megan T.

Notified on 23 October 2018

Ceased on 26 October 2018

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	31 March 2024
Account last made up date	30 June 2022
Confirmation statement next due date	26 February 2024
Confirmation statement last made up date	12 February 2023

Annual Accounts
Start Date For Period Covered By Report	2021-07-01
End Date For Period Covered By Report	2022-06-30
Annual Accounts
Start Date For Period Covered By Report	2022-07-01
End Date For Period Covered By Report	2023-06-30

Ipswich Tyre Group Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Tony W.

Sophie S.

Elizabeth R.

Joseph T.

Megan T.

People with significant control

Megan T.

Accounts Documents

Company filings

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