Mgm Motor Components Limited in Cirencester, GL7 1US

Description

Data updated on: 01-11-2023

The exact date this company was founded is 2001/03/13. Established under no. 04178066, the firm is listed as a Private Limited Company. You may find the office of the company during its opening hours under the following location: Mcgills Oakley House, Tetbury Road, GL7 1US Cirencester. The company's Standard Industrial Classification Code is 45310 meaning Wholesale trade of motor vehicle parts and accessories. Mgm Motor Components Ltd reported its latest accounts for the period that ended on 2023-03-31. Its most recent annual confirmation statement was released on 2023-05-18.

We have just one managing director this particular moment managing this specific company, specifically John C. who has been utilizing the director's assignments for twenty three years. Since October 2003 Kimberley W., had been responsible for a variety of tasks within the following company up to the moment of the resignation nearly one year ago. In addition another director, including Shirley M. quit in February 2024.

Financial data based on annual reports

Profit & Loss
Date of Accounts	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
Net Worth	318 788	330 254	415 281	395 014

Balance Sheet
Cash Bank On Hand				245 278	290 172	338 080	372 851	404 406	477 971	593 107	746 025
Current Assets	494 340	528 157	554 872	569 219	641 635	696 306	747 121	805 341	903 326	1 046 619	1 274 954
Debtors	197 105	184 654	189 047	183 441	204 353	216 549	235 582	253 052	280 165	304 082	357 070
Net Assets Liabilities				395 014	445 464	511 759	550 816	563 913	607 973	703 616	878 505
Other Debtors				5 250	5 472	6 384	7 146	33 747	18 831	8 729	8 767
Property Plant Equipment				20 101	20 487	23 364	35 397	39 972	35 438	31 870	43 540
Total Inventories				140 500	147 110	141 677	138 688	147 547	145 190	149 430	171 859
Cash Bank In Hand	194 351	226 679	238 109	245 278
Net Assets Liabilities Including Pension Asset Liability	318 788	330 254	415 281	395 014
Stocks Inventory	102 884	116 824	127 716	140 500
Tangible Fixed Assets	21 297	16 274	26 730	20 101

Capital & Reserves
Called Up Share Capital	100	100	100	100
Profit Loss Account Reserve	318 688	330 154	415 181	394 914
Shareholder Funds	318 788	330 254	415 281	395 014

Other Financial Data
Total Fixed Assets Additions			23 420	3 825
Total Fixed Assets Cost Or Valuation		61 327	70 749	66 579
Total Fixed Assets Depreciation		45 053	44 019	46 478
Total Fixed Assets Depreciation Charge In Period			6 460	6 857
Total Fixed Assets Depreciation Disposals			-7 494	-4 398
Total Fixed Assets Disposals			-13 998	-7 995
Accumulated Depreciation Impairment Property Plant Equipment				46 478	54 342	55 140	57 851	71 072	73 114	83 716	85 846
Additions Other Than Through Business Combinations Property Plant Equipment					8 250	17 657	30 316	18 395	13 999	7 034	33 650
Average Number Employees During Period				12	12	11	11	13	11	15	13
Bank Borrowings Overdrafts						1 524
Corporation Tax Payable				33 177	37 911	26 013	37 491	33 719	42 338	64 621	78 995
Creditors				190 286	212 489	203 472	224 976	254 123	324 058	368 818	429 104
Depreciation Rate Used For Property Plant Equipment					25	33	33	33	33	33	33
Disposals Decrease In Depreciation Impairment Property Plant Equipment						8 083	9 049	200	9 535		12 847
Disposals Property Plant Equipment						13 982	15 572	599	16 491		19 850
Increase From Depreciation Charge For Year Property Plant Equipment					7 864	8 881	11 760	13 421	11 577	10 602	14 977
Net Current Assets Liabilities	297 491	313 980	388 551	378 933	429 146	492 834	522 145	531 536	579 268	677 801	845 850
Other Creditors				3 463	2 552	2 680	18 714	27 788	3 051	2 861	3 534
Other Taxation Social Security Payable				4 198	5 364	6 384	4 882	24 941	32 145	12 392	15 091
Property Plant Equipment Gross Cost				66 579	74 829	78 504	93 248	111 044	108 552	115 586	129 386
Taxation Including Deferred Taxation Balance Sheet Subtotal				4 020	4 169	4 439	6 726	7 595	6 733	6 055	10 885
Total Assets Less Current Liabilities	318 788	330 254	415 281	399 034	449 633	516 198	557 542	571 508	614 706	709 671	889 390
Trade Creditors Trade Payables				149 448	166 662	166 871	163 889	186 543	246 524	288 944	331 484
Trade Debtors Trade Receivables				178 191	198 881	210 165	228 436	219 305	261 334	295 353	348 303
Advances Credits Directors			1 233	1 233	222	240	16 199	25 579	9 048	432	864
Advances Credits Made In Period Directors					240	222	1 338	1 087	34 627
Advances Credits Repaid In Period Directors					1 251	240	17 297	9 379		9 480	432
Creditors Due Within One Year Total Current Liabilities		214 177	166 321	190 286
Fixed Assets	21 297	16 274	26 730	20 101
Provisions For Liabilities Charges			0	4 020
Tangible Fixed Assets Additions			23 420	3 825
Tangible Fixed Assets Cost Or Valuation	61 327	61 327	70 749	66 579
Tangible Fixed Assets Depreciation	40 030	45 053	44 019	46 478
Tangible Fixed Assets Depreciation Charge For Period			6 460	6 857
Tangible Fixed Assets Depreciation Disposals			-7 494	-4 398
Tangible Fixed Assets Disposals			-13 998	-7 995
Creditors Due Within One Year	196 849	214 177
Number Shares Allotted	100	100
Par Value Share	1	1
Share Capital Allotted Called Up Paid	100	100
Tangible Fixed Assets Depreciation Charged In Period		5 023

Company staff

John C.

Role: Director

Appointed: 15 February 2024

Latest update: 3 March 2024