N K Motors Limited in Derbyshire, DE24 8BY

Description

Data updated on: 01-11-2023

N K Motors has been in this business for twenty four years. Established under number 04013648, this firm is classified as a Private Limited Company. You can reach the office of this company during its opening hours under the following location: 2 Orient Way, Pride Park Derby, DE24 8BY Derbyshire. The business name of the company was replaced in 2000 to N K Motors Limited. This firm former business name was Star Search. The enterprise's SIC code is 45200 - Maintenance and repair of motor vehicles. Friday 31st December 2021 is the last time the company accounts were filed.

Taking into consideration the firm's executives data, since Tuesday 12th April 2016 there have been three directors: Sanjeev K., Narinder K. and Ravi K.. Moreover, the managing director's duties are backed by a secretary - Ravi K., who was selected by the following firm on Tuesday 4th July 2000.

Previous company's names
N K Motors Limited 2000-11-02
Star Search Limited 2000-06-13

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-06-30	2017-06-30	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	368 290	1 000 000	928	163 736	381 559	1 024 265	610 203
Current Assets	6 530 907	8 351 039	10 938 202	9 068 720	10 174 747	12 479 263	12 458 206
Debtors	1 662 863	2 262 810	6 571 002	4 474 994	5 186 877	6 405 621	6 282 668
Net Assets Liabilities	2 646 288	3 898 927	4 858 944	2 020 888	3 608 029	4 207 630	5 206 739
Other Debtors	81 881	133 508	1 167 654	1 426 769	1 414 895	2 103 473	2 619 405
Property Plant Equipment	3 707 495	3 666 779	902 155	1 348 455	2 901 574	2 808 334	2 718 402
Total Inventories	4 499 754	5 088 229	4 366 272	4 429 990	4 606 311	5 049 377

Other Financial Data
Audit Fees Expenses	10 500	10 500	10 500	9 500	9 500	9 500	10 500
Accrued Liabilities Deferred Income					418 868	532 437	213 711
Accumulated Amortisation Impairment Intangible Assets	89 063	95 313	106 488	113 938	121 388	128 838	131 600
Accumulated Depreciation Impairment Property Plant Equipment	549 413	644 891	585 132	645 192	731 534	862 594	983 644
Additions Other Than Through Business Combinations Property Plant Equipment						37 819	31 118
Administrative Expenses	4 338 671	3 002 255	5 609 678	3 858 920	3 470 501	3 516 920	4 434 404
Amortisation Expense Intangible Assets	6 250	6 250	1 800	1 200	1 200	7 450
Amounts Owed By Group Undertakings			2 873 460		2 296 976	2 338 863	2 381 741
Average Number Employees During Period	78	81	91	95	93	89	99
Balances Amounts Owed By Related Parties					1 040 318	1 264 431	1 688 859
Balances Amounts Owed To Related Parties					70 115	62 150	27 890
Bank Borrowings	1 184 292	1 108 288	994 922	1 178 260	1 475 351	1 310 420	1 064 953
Bank Borrowings Overdrafts	1 110 764	1 033 226	919 991	185 172	1 312 698	1 083 302	862 694
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment					121 397	91 048	68 286
Comprehensive Income Expense	40 466	1 252 639	970 017	161 944	1 587 141	599 601	999 109
Corporation Tax Payable	217 704	340 997	578 760	613 803	576 063	628 135	592 228
Cost Sales	27 850 263	35 520 216	56 712 345	37 691 420	33 757 302	50 130 003	70 817 123
Creditors	1 142 410	1 048 746	921 648	264 739	1 416 579	1 148 920	906 464
Current Tax For Period	22 254	318 531	204 218	26 464	112 260	142 073	201 101
Deferred Income	73 024	274 019	244 065		219 165	190 515	194 115
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences					5 207	7 638	4 463
Depreciation Expense Property Plant Equipment	85 795	84 643	72 654	44 618	53 417	104 799
Finance Lease Liabilities Present Value Total	31 646	15 520	1 657	79 567	103 881	65 618	43 770
Finance Lease Payments Owing Minimum Gross					132 939	99 126	65 208
Finished Goods Goods For Resale					81 022	163 593	194 664
Fixed Assets	3 743 432	3 696 466	944 667	1 383 517	2 929 186	2 828 496	2 735 802
Further Item Tax Increase Decrease Component Adjusting Items					5 207	-9 629	4 463
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income					1 349 894
Government Grant Income					498 336	183 073
Gross Profit Loss	4 492 404	4 665 805	6 692 748	4 183 222	3 678 577	4 281 614
Income Tax Expense Credit On Components Other Comprehensive Income					241 304	76 202
Increase Decrease In Current Tax From Adjustment For Prior Periods							-1 254
Increase From Amortisation Charge For Year Intangible Assets		6 250	11 175	7 450	7 450	7 450	2 762
Increase From Depreciation Charge For Year Property Plant Equipment		95 478	85 354	60 060	86 342	131 060	121 050
Intangible Assets	35 937	29 687	42 512	35 062	27 612	20 162	17 400
Intangible Assets Gross Cost	125 000	125 000	149 000	149 000	149 000	149 000
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings					122 727	105 962
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	5 174	5 174	7 734	3 739	5 266	5 831
Interest Payable Similar Charges Finance Costs	115 392	101 560	186 604	157 469	146 893	143 293	256 870
Net Current Assets Liabilities	58 506	1 251 207	4 863 137	952 340	2 392 163	2 908 634	3 762 444
Operating Profit Loss	153 733	1 663 550	1 370 791	336 370	710 412	959 767
Other Comprehensive Income Expense Before Tax					1 108 590	-76 202
Other Creditors	110 093	122 082	194 993	124 344	118 348	6 889 264	5 585 867
Other Interest Expense					18 900	31 500	93 530
Other Interest Income					32 499	9 040	2 342
Other Interest Receivable Similar Income Finance Income	13 411	222	17 244	32 525	32 499	9 040	2 342
Other Operating Income Format1			287 721	12 068	502 336	195 073	2 600
Other Remaining Borrowings	1 250 000				137 500
Other Taxation Social Security Payable	240 104	123 865	255 424	223 124	840 548	593 320	1 419 878
Pension Other Post-employment Benefit Costs Other Pension Costs	9 073	13 295	34 172	43 453	46 791	47 594	56 952
Prepayments Accrued Income					282 580	413 082	338 832
Profit Loss	40 466	1 252 639	970 017	161 944	478 551	675 803	999 109
Profit Loss On Ordinary Activities Before Tax	43 057	1 557 930	1 201 431	211 426	596 018	825 514	1 203 419
Property Plant Equipment Gross Cost	4 256 908	4 311 670	1 487 287	1 993 647	3 633 108	3 670 928	3 702 046
Raw Materials Consumables					4 525 289	4 885 784
Social Security Costs	175 685	195 020	289 347	367 553	191 114	197 330
Staff Costs Employee Benefits Expense	3 318 428	2 252 799	3 798 126	2 675 618	2 479 499	2 408 671	2 940 817
Taxation Including Deferred Taxation Balance Sheet Subtotal					296 741	380 580	385 043
Tax Expense Credit Applicable Tax Rate	8 611	307 691	228 272	40 171	113 243	156 848	228 650
Tax Increase Decrease Arising From Group Relief Tax Reconciliation					-547	-35 519	-57 913
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 740	1 908	3 266	4 063	3 355	30 373	15 942
Tax Tax Credit On Profit Or Loss On Ordinary Activities	2 591	305 291	231 414	49 482	117 467	149 711	204 310
Total Assets Less Current Liabilities	3 801 938	4 947 673	5 807 804	2 335 857	5 321 349	5 737 130	6 498 246
Total Borrowings	1 233 257	1 139 928	1 074 017	1 279 618	1 608 290	1 310 420	862 694
Total Current Tax Expense Credit		318 531	204 202	26 464		142 073	199 847
Total Operating Lease Payments	4 240	3 128	2 530	1 563	1 508	32 133
Trade Creditors Trade Payables	654 048	533 575	365 784	454 646	319 403	476 332	466 266
Trade Debtors Trade Receivables	745 128	1 266 598	840 761	1 018 098	680 799	1 550 203	942 690
Turnover Revenue	32 342 667	40 186 021	63 405 093	41 874 642	37 435 879	54 411 617
Wages Salaries	3 133 670	2 044 484	3 474 607	2 264 612	2 241 594	2 163 747	2 603 481
Company Contributions To Defined Benefit Plans Directors					490
Director Remuneration	1 282 745	79 056	93 767	56 109	46 285	28 657	20 230
Director Remuneration Benefits Including Payments To Third Parties					46 775	28 657
Dividend Recommended By Directors			10 000	3 000 000
Company Contributions To Money Purchase Plans Directors				700	490
Number Directors Accruing Benefits Under Money Purchase Scheme				1	1
Accrued Liabilities	567 530	435 964	368 384	441 447	418 868
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-13 240	27 212	23 018
Amounts Owed To Directors		40 636
Applicable Tax Rate	20	20	19	19	19
Bank Overdrafts			66 075
Cash Cash Equivalents Cash Flow Value	368 290	1 000 000
Deferred Tax Liabilities	13 240
Depreciation Amortisation Expense	106 492	101 728
Disposals Decrease In Depreciation Impairment Property Plant Equipment			145 113
Disposals Property Plant Equipment			3 004 000
Dividends Paid			10 000	3 000 000
Dividends Paid On Shares Interim			10 000	3 000 000
Further Item Borrowings Component Total Borrowings	3 269 051	5 137 512	3 915 286
Further Item Debtors Component Total Debtors	609 781		1 152 546
Further Item Interest Expense Component Total Interest Expense	2 170	-1 942	2 888	8 580	18 900
Further Non-cash Item Leading To Gain Loss In Cash Flows Component Total Adjustments From Non-cash Items	115 392	101 560
Future Minimum Lease Payments Under Non-cancellable Operating Leases	828		49 584
Gain Loss Before Tax On Sale Discontinued Operations	-8 695	-4 282
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	871 882	1 713 167
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-253 174	-1 209 728
Gain Loss On Disposals Property Plant Equipment			143 613
Income Taxes Paid Refund Classified As Operating Activities	-148 888	-195 238
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-230 326	631 710
Increase Decrease In Property Plant Equipment			6 796	105 499	52 575
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	1 689 740	588 475
Interest Expense On Bank Overdrafts	108 048	98 328	175 982	125 227	122 727
Interest Paid Classified As Operating Activities	-110 218	-96 386
Loans Advances Granted To Other Related Parties Classified As Financing Activities	-339 855
Merchandise	4 373 560	4 977 998	4 303 456	4 368 825	4 525 289
Net Cash Flows From Used In Financing Activities	-893 424	692 912
Net Cash Flows From Used In Investing Activities	39 968	54 540
Net Cash Flows From Used In Operating Activities	1 083 782	-1 379 162
Net Cash Generated From Operations	819 502	-1 675 960
Net Interest Received Paid Classified As Investing Activities	-13 411	-222
Nominal Value Allotted Share Capital		500 000
Number Shares Issued Fully Paid		500 000	50 000	50 000	50 000
Other Deferred Tax Expense Credit	-19 663	-13 240	27 212	23 018	5 207
Other Departments Average Number Employees	3	3	3
Par Value Share		1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-17 325	-17 325
Prepayments	111 680	108 301	91 189	116 425	105 182
Proceeds From Borrowings Classified As Financing Activities	-2 500 000
Provisions	13 240		27 212	50 230	296 741
Provisions For Liabilities Balance Sheet Subtotal	13 240		27 212	50 230	296 741
Purchase Property Plant Equipment	-53 379	-54 762
Raw Materials	126 194	110 231	62 816	61 165	81 022
Repayments Borrowings Classified As Financing Activities	-1 249 396	-1 326 004
Sales Marketing Distribution Average Number Employees	75	78	88
Tax Increase Decrease From Effect Capital Allowances Depreciation	11 903	8 932	-27 320	-17 770	-3 791
Total Additions Including From Business Combinations Intangible Assets			24 000
Total Additions Including From Business Combinations Property Plant Equipment		54 762	179 617	506 360	289 567
Total Deferred Tax Expense Credit	-19 663	-13 240	27 212
Additional Provisions Increase From New Provisions Recognised					246 511
Amounts Owed To Group Undertakings				164 865
Dividends Paid On Shares			10 000	3 000 000
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax					1 349 894
Other Comprehensive Income Expense Net Tax					1 108 590
Total Increase Decrease From Revaluations Property Plant Equipment					1 349 894

Company staff

Sanjeev K.

Role: Director

Appointed: 12 April 2016

Latest update: 28 February 2024

Narinder K.

Role: Director

Appointed: 04 July 2000

Latest update: 28 February 2024

Ravi K.

Role: Director

Appointed: 04 July 2000

Latest update: 28 February 2024

Ravi K.

Role: Secretary

Appointed: 04 July 2000

Latest update: 28 February 2024

People with significant control

The companies that control this firm include: Nk Motorgroup Ltd has substantial control or influence over the company. This business can be reached in Derby at Orient Way, Pride Park, DE24 8BY and was registered as a PSC under the registration number 09689331.

Nk Motorgroup Ltd

Address: 2 Orient Way, Pride Park, Derby, DE24 8BY, England

Legal authority Companies Act 2006

Legal form Private Limited Company

Country registered England

Place registered Companies House Registry

Registration number 09689331

Notified on 4 April 2018

Nature of control:

substantial control or influence

Narinder K.

Notified on 6 April 2016

Ceased on 4 April 2018

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Ravi K.

Notified on 6 April 2016

Ceased on 4 April 2018

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 December 2021
Confirmation statement next due date	27 June 2024
Confirmation statement last made up date	13 June 2023

Annual Accounts
Start Date For Period Covered By Report	01 July 2016
End Date For Period Covered By Report	30 June 2017
Annual Accounts
Start Date For Period Covered By Report	01 July 2017
End Date For Period Covered By Report	31 December 2018
Annual Accounts
Start Date For Period Covered By Report	01 January 2019
End Date For Period Covered By Report	31 December 2019
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020

N K Motors Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Sanjeev K.

Narinder K.

Ravi K.

Ravi K.

Secretarial Appointments Limited

Corporate Appointments Limited

People with significant control

Nk Motorgroup Ltd

Narinder K.

Ravi K.

Accounts Documents

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