Krothsco Finance Limited in West Midlands, WS3 2BD

Description

Data updated on: 01-11-2023

Krothsco Finance came into being in 2004 as a company enlisted under no 05007038, located at WS3 2BD West Midlands at 665a Bloxwich Road. The company has been in business for 20 years and its state is active. The company's SIC code is 45111 : Sale of new cars and light motor vehicles. The most recent annual accounts describe the period up to 2023-03-31 and the latest confirmation statement was filed on 2023-07-28.

Avtar K., Permjit K., Rajinder K. and Ajmair K. are the company's directors and have been monitoring progress towards achieving the objectives and policies since 2014-11-13. To support the directors in their duties, the company has been utilizing the expertise of Avtar K. as a secretary since 2004.

Executives with significant control over the firm are: Ajmair K. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Avtar K. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	253 969	261 147	321 195	456 591	646 020	870 617

Balance Sheet
Cash Bank On Hand						249 895	276 300	267 208	445 342	75 145	296 487	567 134	589 407
Current Assets	518 434	588 207	938 135	1 216 856	1 374 791	1 351 979	1 660 792	1 824 031	1 873 568	2 092 128	2 455 301	2 472 179	2 416 557
Debtors	50 792	57 286	201 924	224 066	321 752	200 674	206 143	196 473	215 267	198 092	218 783	195 901	199 164
Net Assets Liabilities						870 617	1 097 650	1 212 303	1 352 738	1 425 025	1 501 951	1 599 829	1 578 238
Other Debtors								183 153	183 153	183 153	187 653	189 099	191 221
Property Plant Equipment						48 860	247 972	247 348	243 592	241 043	239 563	264 303	254 936
Total Inventories						901 410	1 178 349	1 360 350	1 212 959	1 818 891	1 940 031	1 709 144
Cash Bank In Hand	51 944	61 780	130 443	211 296	221 502	249 895
Net Assets Liabilities Including Pension Asset Liability	253 969	261 147	321 195	456 591	646 020	870 617
Stocks Inventory	415 698	469 141	605 768	781 494	831 537	901 410
Tangible Fixed Assets	7 857	73 349	67 232	60 035	53 006	48 860

Capital & Reserves
Called Up Share Capital	2	2	2	2	2	2
Profit Loss Account Reserve	253 967	261 145	321 193	456 589	646 018	870 615
Shareholder Funds	253 969	261 147	321 195	456 591	646 020	870 617

Other Financial Data
Accrued Liabilities Deferred Income								8 550	7 949	8 000	8 000
Accumulated Depreciation Impairment Property Plant Equipment						64 590	71 824	79 204	85 930	92 355	98 640	111 365	121 939
Additions Other Than Through Business Combinations Property Plant Equipment									2 970	3 876	4 805
Average Number Employees During Period							12		12	12	12	12	12
Corporation Tax Payable						57 004	62 924	26 990	34 273	17 385	20 235	36 701	15 410
Creditors						729 289	806 093	854 024	26 250	17 469	40 000	1 125 346	1 080 719
Increase From Depreciation Charge For Year Property Plant Equipment							7 234		6 726	6 425	6 285	12 725	10 574
Net Current Assets Liabilities	246 112	189 410	261 700	215 352	446 753	622 690	854 699	970 007	1 142 586	1 208 189	1 309 126	1 346 833	1 335 838
Other Creditors								543 847	529 643	710 255	40 000	1 039 246	1 011 534
Other Remaining Borrowings						52 565	23 750	148 083	26 250	17 469	40 000
Other Taxation Social Security Payable						2 274	2 537	32 151	52 633	22 600	20 153	17 518	36 407
Prepayments Accrued Income								4 220	4 206	7 876	4 500
Property Plant Equipment Gross Cost						113 450	319 796	326 552	329 522	333 398	338 203	375 668	376 875
Provisions For Liabilities Balance Sheet Subtotal						5 724	5 021	5 052	7 190	6 738	6 738	11 307	12 536
Total Additions Including From Business Combinations Property Plant Equipment							1 555					37 465	1 207
Total Assets Less Current Liabilities	253 969	262 759	328 932	480 178	704 550	876 341	1 102 671	1 217 355	1 386 178	1 449 232	1 548 689	1 611 136	1 590 774
Trade Creditors Trade Payables						16 435	127 897	94 403	38 151	29 571	26 653	31 881	17 368
Trade Debtors Trade Receivables						13 725	9 265	9 100	27 908	7 063	31 130	6 802	7 943
Accrued Liabilities						10 436	9 350
Creditors Due After One Year				16 667	52 465
Creditors Due Within One Year	272 322	398 797	676 435	1 001 504	928 038	729 289
Fixed Assets			67 232	264 826	257 797	253 651	247 972
Increase Decrease Due To Transfers Between Classes Property Plant Equipment							204 791
Investment Property						204 791
Investment Property Fair Value Model						204 791
Merchandise						901 410	1 178 349
Number Shares Allotted		2	2	2	2	2
Number Shares Issued Fully Paid							2
Par Value Share		1	1	1	1	1	1
Prepayments						3 796	13 725
Provisions For Liabilities Charges		1 612	7 737	6 920	6 065	5 724
Share Capital Allotted Called Up Paid	2	2	2	2	2	2
Tangible Fixed Assets Additions		69 480	5 195	3 126	1 916	4 229
Tangible Fixed Assets Cost Or Valuation	29 504	98 984	104 179	107 305	109 221	113 450
Tangible Fixed Assets Depreciation	21 647	25 635	36 947	47 270	56 215	64 590
Tangible Fixed Assets Depreciation Charged In Period		3 988	11 312	10 323	8 945	8 375