King Automotive Systems Limited in Leeds, LS1 4DL

Description

Data updated on: 11-02-2020

Started with Reg No. 00966412 56 years ago, King Automotive Systems Limited had been a private limited company until Friday 27th December 2019 - the day it was dissolved. The last known office address was Central Square, 29 Wellington Street Leeds. The firm was known under the name Camford Automotive Systems until Thursday 22nd May 1997 when the business name was changed.

Within this specific company, all of director's responsibilities had been done by Stuart M. and Malcolm H.. Within the group of these two executives, Stuart M. had been with the company for the longest period of time, having become one of the many members of the Management Board on May 2017.

The companies with significant control over this firm were: Amtek Technologies Uk Ltd had substantial control or influence over the company. This business could have been reached in Witham at Freebournes Road, CM8 3DX, Essex and was registered as a PSC under the reg no 09166399.

Previous company's names
King Automotive Systems Limited 1997-05-22
Camford Automotive Systems Limited 1969-11-18

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-12-31	2014-12-31	2015-12-31
Currency
Net Worth	6 107 077	4 105 106

Balance Sheet
Cash Bank On Hand		989 784	151 978
Current Assets	12 165 724	12 741 941	17 536 164
Debtors	9 353 089	8 472 251	10 134 294
Net Assets Liabilities		4 105 107	-327 519
Other Debtors		14 018	1 507
Property Plant Equipment		23 423 886	36 086 495
Total Inventories		3 279 906	7 249 892
Cash Bank In Hand	883 635	989 784
Net Assets Liabilities Including Pension Asset Liability	6 107 077	4 105 106
Stocks Inventory	1 929 000	3 279 906
Tangible Fixed Assets	6 645 726	23 423 886
Trade Debtors	3 658 483	6 066 542

Capital & Reserves
Called Up Share Capital	4	4
Profit Loss Account Reserve	2 214 831	212 860
Shareholder Funds	6 107 077	4 105 106

Other Financial Data
Audit Fees Expenses	26 000	20 000	20 000
Taxation Compliance Services Fees		2 000	7 000
Accumulated Depreciation Impairment Property Plant Equipment		14 101 663	15 227 414
Actuarial Gain Loss On Assets Defined Benefit Plan			-363 000
Additions Other Than Through Business Combinations Property Plant Equipment			13 788 360
Administration Support Average Number Employees	26	30	38
Administrative Expenses	2 692 486	3 056 496	3 692 929
Amounts Owed By Related Parties		2 217 044	7 447 628
Amounts Owed To Related Parties		6 737 770	11 669 298
Applicable Tax Rate		21	20
Assumed Percentage Employees Opting For Early Retirement		75	75
Assumed Rate Increase Pensionable Salaries	2	2	2
Assumed Rate Increase Pensions In Payment Deferred Pensions	2	2	2
Assumed Rate Inflation- R P I		3	3
Average Number Employees During Period	177	195	310
Balances With Banks		989 181	150 894
Bank Borrowings		-24 839
Carrying Amount Property Plant Equipment With Restricted Title		12 121 175	22 722 010
Cash Cash Equivalents		989 784	151 978
Cash Cash Equivalents Cash Flow Value		884 146	989 784
Cash Cash Equivalents Held In Defined Benefit Plan Fair Value		22 000	14 000
Cash On Hand		603	1 084
Comprehensive Income Expense		-2 001 971	-4 432 626
Cost Sales	31 302 182	32 361 779	41 800 671
Creditors		6 418 687	17 942 731
Debt Securities Held In Defined Benefit Plan Fair Value		664 000	637 000
Decrease In Assets Defined Benefit Plan From Benefits Paid			-21 000
Decrease In Assets Defined Benefit Plan From Settlements			-82 000
Decrease Increase In Liabilities Defined Benefit Plan From Remeasurement			-40 000
Decrease In Loans Owed To Related Parties Due To Loans Repaid			311 696
Deferred Tax Assets		2 016 421	5 542 273
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit		-38 000	-600 220
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		-38 000	-600 220
Deferred Tax Liabilities		3 404 995	3 412 539
Depreciation Amortisation Expense		773 093	1 125 750
Depreciation Expense Property Plant Equipment		773 093	1 125 750
Discount Rate Used Defined Benefit Plan		4	4
Distribution Costs	142 493	127 913	679 633
Equity Securities Held In Defined Benefit Plan Fair Value		572 000	553 000
Fair Value Assets Defined Benefit Plan		1 258 000	1 204 000
Finance Lease Liabilities Present Value Total		9 002 385	15 598 048
Financial Assets		6 068 048	9 899 699
Financial Assets Pledged As Collateral		12 121 175	22 722 010
Financial Liabilities		-27 535 305	7 023 727
Finished Goods Goods For Resale	486 000	471 301	447 361
Future Minimum Lease Payments Under Non-cancellable Operating Leases		1 162 500	712 500
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		-16 112 465	-8 857 961
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		-892 132	1 674 555
Gain Loss In Cash Flows From Change In Inventories		1 350 601	3 969 986
Gain Loss On Disposals Property Plant Equipment		18 900	33 125
Government Grant Income		670 434	2 717 740
Gross Profit Loss	3 447 250	2 936 362	-819 795
Income From Related Parties			32 639
Income Taxes Paid Refund Classified As Operating Activities		-12 511
Increase Decrease Due To Transfers Between Classes Property Plant Equipment			6 756 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		143 784	-1 206 495
Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences		-38 146	368 689
Increase Decrease In Current Tax From Adjustment For Prior Periods		-12 511
Increase Decrease In Existing Provisions			612 731
Increase From Depreciation Charge For Year Property Plant Equipment			1 125 751
Increase In Assets Defined Benefit Plan From Contributions By Employer			42 000
Increase In Assets Defined Benefit Plan From Interest Income			43 000
Increase In Assets Defined Benefit Plan From Return On Assets Net Interest Income			-36 000
Increase In Liabilities Defined Benefit Plan From Current Service Cost			31 000
Increase In Liabilities Defined Benefit Plan From Interest Expense			41 000
Increase In Loans Owed By Related Parties Due To Loans Advanced		1 321 210	790 314
Increase In Loans Owed To Related Parties Due To Loans Advanced		-4 971 889	-180 992
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		224 565	799 964
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss		27 386	1 535
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		520 252	1 463 119
Interest Income On Bank Deposits		3 565	2 756
Interest Paid Classified As Financing Activities		-449 602	-998 815
Interest Paid Classified As Operating Activities		1 008 000	2 093 245
Interest Payable Similar Charges Finance Costs		1 008 000	2 093 245
Interest Received Classified As Investing Activities		3 565	2 756
Interest Received Classified As Operating Activities		3 565	2 756
Liabilities Defined Benefit Plan Present Value		1 184 000	1 164 000
Loans Owed By Related Parties	2 814 538	4 135 748	4 926 062
Loans Owed To Related Parties	-2 230 742	-4 971 889	-5 017 245
Loss On Financing Activities Due To Foreign Exchange Differences		38 146	-368 689
Minimum Operating Lease Payments Recognised As Expense		450 000	450 000
Net Cash Flows From Used In Financing Activities		2 299 548	11 182 295
Net Cash Flows From Used In Investing Activities		-17 528 790	-13 752 479
Net Cash Flows From Used In Operating Activities		15 373 026	1 363 689
Net Cash Generated From Operations		15 360 515	1 363 689
Net Cash Inflow Outflow From Operations Before Movements In Working Capital		-293 854	-1 849 732
Net Current Assets Liabilities	333 082	-12 287 361	-18 471 283
Number Shares Issued Fully Paid		4	4
Operating Profit Loss	1 812 271	-1 048 047	-2 942 357
Other Creditors		31 411	977 268
Other Employee Expense		251 027	331 773
Other Finance Costs		197 651	197 316
Other Interest Receivable Similar Income Finance Income		3 565	2 756
Other Operating Income Format1		-800 000	2 250 000
Other Payables Accrued Expenses		1 376 855	4 537 198
Other Remaining Operating Income		-800 000	2 250 000
Other Short-term Employee Benefits		49 867	60 194
Par Value Share		1	1
Payments Finance Lease Liabilities Classified As Financing Activities		-520 252	-1 463 119
Payments To Related Parties			-3 792 580
Pension Costs Defined Contribution Plan		135 061	155 239
Prepayments		174 647	234 595
Proceeds From Sales Property Plant Equipment		18 900	33 125
Production Average Number Employees	151	165	272
Profit Loss		-2 001 971	-4 432 626
Profit Loss On Ordinary Activities Before Tax	1 370 349	-2 052 482	-5 032 846
Property Plant Equipment Gross Cost		37 525 549	51 313 909
Provisions		-612 731
Provisions For Liabilities Balance Sheet Subtotal		600 220
Purchase Property Plant Equipment		-17 551 255	-13 788 360
Raw Materials Consumables		2 853 242	6 162 747
Return On Assets Benefit Plan		182 000	7 000
Revenue From Sale Goods		35 298 141	40 980 876
Share-based Payment Expense Cash Settled		33 759	211 086
Social Security Costs	475 708	484 994	645 710
Staff Costs Employee Benefits Expense		6 465 153	10 441 267
Taxation Social Security Payable		343 623	462 142
Tax Expense Credit Applicable Tax Rate		-441 078	-1 019 151
Tax Increase Decrease From Effect Capital Allowances Depreciation		-354 959	-116 793
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		783 526	1 135 944
Tax Tax Credit On Profit Or Loss On Ordinary Activities		-50 511	-600 220
Total Assets Less Current Liabilities	6 978 808	11 136 525	17 615 212
Total Borrowings		6 418 687	10 919 004
Total Operating Lease Payments		65 472	72 205
Trade Creditors Trade Payables		13 980 783	13 682 497
Trade Debtors Trade Receivables		6 066 541	2 450 564
Turnover Revenue		35 298 141	40 980 876
Wages Salaries	5 005 643	5 510 445	9 037 265
Work In Progress	45 000		639 784
Fees For Non-audit Services	11 067	25 900
Other Non-audit Services Fees		23 900
Taxation Services Fees	4 000	2 000
Total Fees To Auditors	37 067	45 900
Accruals Deferred Income Within One Year	319 575	1 376 855
Actual Return On Assets Benefit Scheme Scheme	-97 000	89 000
Actuarial Gain Loss On Assets Defined Benefit Scheme	-87 000	122 000
Actuarial Gain Loss On Defined Benefit Scheme Recognised In Statement Total Recognised Gains Losses	50 000	-76 000
Actuarial Gain Loss On Liabilities Defined Benefit Scheme	41 000	247 000
Actuarial Gain Loss Recognised In Pension Schemes	-85 000
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge	3 000
Amount Not Recognised As An Asset Because I A S58b Limit	1 182 000	1 320 000
Amounts Owed By Subsidiaries	5 315 318	2 217 044
Amounts Owed To Subsidiaries Within One Year	1 822 470	6 737 443
Assumed Rate Inflation	3	3
Bank Borrowings Overdrafts	5 055 088	-24 839
Bank Loans Overdrafts Finance Charges	227 204
Benefits Paid Related To Defined Benefit Scheme	-38 000	-23 000
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	-82 000
Capital Commitments Total Contracted But Not Provided For		2 452 000
Capital Redemption Reserve	1 981 476	1 981 476
Cash Held In Pension Scheme Expected Rate Return	7	7
Cash Held In Pension Scheme Percentage	3	2
Charge Credit To Finance Charges From Defined Benefit Scheme	50 000	76 000
Charge Credit To Operating Profit From Defined Benefit Scheme	96 000
Contributions To Defined Benefit Scheme By Employer	231 000	227 000
Corporation Tax Due Within One Year	16 000
Creditors Due After One Year	237 000	6 418 688
Creditors Due Within One Year	11 832 642	25 029 302
Cumulative Actuarial Gain Loss On Defined Benefit Scheme Recognised In Statement Total Recognised Gains Losses	79 000	3 000
Debt Instruments Bonds Held In Pension Scheme Percentage	48	53
Deferred Tax Liability	634 731	612 731
Defined Benefit Obligation From Schemes That Are Wholly Or Partly Funded Present Value	917 000	1 184 000
Defined Benefit Obligation Present Value	917 000	1 184 000
Depreciation Tangible Fixed Assets Expense	695 437	773 093
Difference Between Accumulated Depreciation Amortisation Capital Allowances	636 731	612 731
Equities Held In Pension Scheme Expected Rate Return	7	7
Equities Held In Pension Scheme Percentage	49	45
Expected Rate Return On Type Other Asset Held In Pension Scheme	4	4
Expense Income From Defined Benefit Scheme Settlements Curtailments	231 000	227 000
Expense Income From Expected Return On Assets Defined Benefit Scheme	10 000	33 000
Expense Income From Interest Cost Defined Benefit Scheme	40 000	43 000
Experience Gain Loss Arising On Assets Defined Benefit Scheme	-87 000	125 000
Experience Gain Loss Arising On Liabilities Defined Benefit Scheme	-41 000	-247 000
Fair Value Assets Defined Benefit Scheme	1 192 000	1 258 000
Foreign Exchange Gain Loss Recognised In Profit Loss	-67 944
Gain Loss From Changes In Assumptions Underlying Present Value Defined Benefit Scheme Liabilities	-424 000	-1 056 000
Gain Loss From Disposal Fixed Assets	17 558
Gain Loss From Impact F R S17.41 Limit Recognised In Statement Total Recognised Gains Losses	-41 000	-201 000
Geographic Segment Revenue By Destination	30 134 000	32 429 851
Hire Leasing Plant Machinery Costs	50 217
Income Charge On Pension Schemes- Net	146 000
Income Expense From Amounts Not Recognised As An Asset Because I A S58b Limit	135 000	227 000
Increase Decrease In Liabilities Defined Benefit Scheme From Business Combinations		60 000
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods	3 000
Increase Decrease In U K Deferred Tax Arising From Adjustment For Prior Periods	-2 523
Increase Decrease In U K Tax From Origination Reversal Timing Differences	220 000
Interest Payable Similar Charges	461 833
Interest Receivable On Bank Deposits	2 353
Land Buildings Operating Leases Expiring After Five Years	450 000	450 000
Leased Assets Included In Tangible Fixed Assets	2 827 000
Leases Hire Purchase Contracts Finance Charges	87 322
Longevity In Years Retirement For Current U K Pensioners Men	23	22
Longevity In Years Retirement For Current U K Pensioners Women	27	24
Longevity In Years Retirement For Future U K Pensioners Men	25	24
Longevity In Years Retirement For Future U K Pensioners Women	27	26
Net Increase Decrease In Shareholders Funds	1 052 360
Non-taxable Income Less Expenses Not Deductible For Tax Purposes	-28 000
Number Shares Allotted	4	4
Obligations Under Finance Lease Hire Purchase Contracts	640 688	9 002 386
Obligations Under Finance Lease Hire Purchase Contracts After One Year	237 000	6 418 688
Obligations Under Finance Lease Hire Purchase Contracts Within One Year	403 688	2 583 698
Obligations Under Finance Leases Hire Purchase Contracts Between One To Two Years		2 583 699
Obligations Under Finance Leases Hire Purchase Contracts Between Two To Five Years	237 000	3 834 989
Other Assets Held In Pension Scheme Percentage	6	0
Other Borrowings Interest Payments Similar Charges	1 307
Other Creditors Due Within One Year	17 882	31 411
Other Interest Receivable Similar Income	2 353
Other Operating Income	1 200 000
Other Recognised Gains Losses For Period	-85 000
Other Taxation Social Security Within One Year	1 426 266	343 961
Other Timing Differences	-2 000
Pension Commitments Provided For In Accounts		31 410
Pension Costs	106 425
Pension Costs Defined Benefit Scheme	50 000	76 000
Percentage Turnover Attributable To Markets Outside U K	13
Prepayments Accrued Income Current Asset	379 288	174 647
Profit Loss For Period	1 137 360
Property Held In Pension Scheme Expected Rate Return	4	4
Provisions Charged Credited To Profit Loss Account During Period		-22 000
Provisions For Liabilities Charges	634 731	612 731
Rate Used To Discount Scheme Liabilities	5	4
Retirement Benefit Obligations Surplus	-275 000	-74 000
Share Premium Account	1 910 766	1 910 766
Short Term Timing Differences Leading To Decrease Increase In Taxation	20 000
Staff Costs	5 587 776
Standard Nominal Tax Rate	23
Stocks Raw Materials Consumables	1 398 000	2 808 605
Tangible Fixed Assets Additions		10 720 134
Tangible Fixed Assets Cost Or Valuation	19 974 295	37 525 549
Tangible Fixed Assets Depreciation	13 328 569	14 101 663
Tangible Fixed Assets Depreciation Charged In Period		713 582
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	318 606
Tax On Profit Or Loss On Ordinary Activities	232 989
Total Recognised Gain Loss For Period	1 052 360
Total U K Foreign Current Tax After Adjustments Relief	15 512
Total U K Foreign Deferred Tax	217 477
Trade Creditors Within One Year	2 771 673	13 980 773
Turnover Gross Operating Revenue	34 749 432
U K Current Corporation Tax	15 512
U K Current Corporation Tax On Income For Period	12 512
Utilisation Tax Losses	176 094
Value Shares Allotted	4	4