Polesworth Garage Limited in Tamworth, B78 1HA

Description

Data updated on: 01-11-2023

The Polesworth Garage Limited firm has been operating on the market for 57 years, as it's been established in 1967. Registered with number 00903691, Polesworth Garage is categorised as a Private Limited Company located in Grendon Road, Tamworth B78 1HA. The firm's classified under the NACE and SIC code 45112 meaning Sale of used cars and light motor vehicles. December 31, 2022 is the last time when the company accounts were filed.

With six job advert since 11th June 2014, the firm has been an active employer on the employment market. On 7th March 2017, it was searching for job candidates for a full time Service Customer Advisor post in Tamworth, and on 11th June 2014, for the vacant post of a full time Service Advisor in Tamworth. They employ applicants on such posts as for instance: Workshop Controller, Forecourt Cashier and Car Sales Executive.

Andrew M. and Martin N. are the enterprise's directors and have been expanding the company since 1st January 1997.

Financial data based on annual reports

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

Balance Sheet
Cash Bank On Hand	370	370	370	370	370	370	370
Current Assets	7 599 355	9 646 620	9 662 634	9 854 894	10 438 679	10 585 124	11 842 184
Debtors	4 733 878	5 902 694	6 225 311	6 742 388	7 126 699	6 659 312	6 755 275
Net Assets Liabilities	5 914 200	6 408 681	6 765 633	7 256 491	8 157 043	8 960 050	9 404 204
Other Debtors	3 577	1 663	242	45 882	57 360	75 062	30 590
Property Plant Equipment	2 851 234	2 846 615	2 422 684	2 321 097	2 359 122	2 163 393	2 068 000
Total Inventories	2 865 107	3 743 556	3 436 953	3 112 136	3 311 610	3 925 442	5 086 539

Other Financial Data
Audit Fees Expenses	12 750	13 000	13 300	13 700	14 800	15 000	15 750
Company Contributions To Money Purchase Plans Directors	4 445	4 041	6 631	6 557	11 711	7 507	11 460
Director Remuneration	312 547	346 552	356 605	351 969	347 758	342 038	349 221
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	2	2	2	2	2
Dividend Recommended By Directors						360 000
Accrued Liabilities	45 841	60 410	51 915	55 710	44 389	49 514	52 520
Accumulated Depreciation Impairment Property Plant Equipment	1 140 496	1 192 181	1 218 942		1 275 042	1 293 956	1 222 352
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		31 300	72 700	67 100	53 200	-13 300	42 500
Additions Other Than Through Business Combinations Investment Property Fair Value Model		830 292			758 610
Administrative Expenses	1 468 222	1 463 365	1 572 209	1 539 865	1 396 928	1 451 953	1 594 652
Amounts Owed By Directors	230 854	716 160	458 746	717 922	873 748
Amounts Owed To Group Undertakings	2	2	2	2	2	2	1
Applicable Tax Rate	20	19	19	19	19	19	19
Average Number Employees During Period	62	57	58	58	60	61	60
Bank Borrowings	2 201 316	3 623 530	3 187 570	3 103 972	711 213	734 814	446 048
Bank Borrowings Overdrafts	1 984 772	3 068 128	2 792 681	2 406 531	2 158 275	1 537 409	1 098 972
Bank Overdrafts	1 262 367	837 937	1 375 703	898 780	1 421 390	1 459 107	1 399 016
Cash Cash Equivalents Cash Flow Value	-1 261 997	-837 567	-1 375 333	-898 410	-1 421 020	-1 458 737	-1 398 646
Comprehensive Income Expense	400 535	494 481	611 924	490 858	900 552	1 163 007	444 154
Corporation Tax Payable	100 000	92 500	68 000	54 000	353 708	373 000	331 847
Corporation Tax Recoverable			4 065
Cost Sales	15 627 609	16 791 694	16 437 949	14 969 173	13 954 573	17 112 169	16 763 615
Creditors	2 738 811	3 938 185	3 368 734	2 993 301	3 108 254	2 225 890	2 047 654
Current Tax For Period	100 000	92 500	68 000	54 000	135 000	298 000	165 000
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	4 188
Depreciation Amortisation Expense	249 306	239 084	195 671	153 710	148 663	142 761	122 463
Depreciation Expense Property Plant Equipment	249 306	239 084	195 671	153 710	148 663	142 761	122 463
Disposals Decrease In Depreciation Impairment Property Plant Equipment		187 399	168 910			123 847	194 067
Disposals Investment Property Fair Value Model			807 500	265 000		1 000 000
Disposals Property Plant Equipment		594 409	584 906			231 476	519 782
Dividends Paid			254 972			360 000
Dividends Paid Classified As Financing Activities			-254 972			-360 000
Dividends Paid On Shares Interim			254 972			360 000
Finance Lease Liabilities Present Value Total	754 039	870 057	576 053	586 770	822 389	805 880	962 146
Finance Lease Payments Owing Minimum Gross	841 789	875 409	662 969	606 218	893 473	860 328	1 051 858
Fixed Assets	6 391 236	7 362 117	6 668 686	6 732 099	8 044 124	7 080 395	6 713 001
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities		-35 470	-3 375	12 473	6 709	7 983	8 065
Further Item Interest Expense Component Total Interest Expense	60 478	43 982	52 461	51 370	1 506	2 665	3 379
Further Item Non-operating Gain Loss Before Tax Income Statement Item Component Profit Or Loss Before Tax			538 000
Further Item Operating Income Component Total Other Operating Income	7 699	722 825	7 458	7 458	130 057	61 560	80 327
Further Non-cash Item Leading To Gain Loss In Cash Flows Component Total Adjustments From Non-cash Items		-145 208	-538 000
Further Operating Expense Item Component Total Operating Expenses	-79 060	22 500	22 500	22 500	-115 260	22 500	22 500
Future Finance Charges On Finance Leases	69 183	81 436	62 532	46 540	71 084	54 448	89 712
Future Minimum Lease Payments Under Non-cancellable Operating Leases	22 500	22 500	22 500	22 500	22 500	22 500	22 500
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-180 109	634 082	-830 080	3 711	197 327	-357 705	315 364
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	278 155	-632 514	-546 595	-261 966	-64 057	-61 573	-102 285
Gain Loss On Disposal Assets Income Statement Subtotal	16 185	42 333	-55	29 901	39 878	12 840	101 694
Gain Loss On Disposals Property Plant Equipment	16 185	42 333	-55	29 901	39 878	12 840	101 694
Goods For Resale	2 743 759	3 602 808	68 838	74 584	80 793
Gross Profit Loss	1 200 430	1 300 692	967 367	855 715	888 603	1 428 904	1 346 004
Income From Related Parties	2 141	62	4 976	17 177	10 434	9 151	43 541
Income Taxes Paid Refund Classified As Operating Activities	-104 791	-104 927	-171 819	-63 656	426	-179 643	-151 131
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model		145 208	538 000	430 000	515 390
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-252 430	424 430	-537 766	476 923	-522 610	-37 717	60 091
Increase Decrease In Current Tax From Adjustment For Prior Periods	-310	-154	-8 031	7 821	-16 200	-727	-334
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-361 822	878 449	-306 603	-324 817	199 474	613 832	1 161 097
Increase From Depreciation Charge For Year Property Plant Equipment		239 084	195 671			142 761	122 463
Interest Expense On Bank Loans Similar Borrowings	124 486	119 372	141 772	126 248	118 240	72 562	115 377
Interest Expense On Bank Overdrafts	42 959	75 321	105 301	102 962	62 275	81 575	74 054
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	69 607	62 899	61 880	71 830	69 956	95 564	87 689
Interest Paid Classified As Operating Activities	-227 762	-243 460	-299 479	-280 068	-236 229	-190 903	-234 391
Interest Payable Similar Charges Finance Costs	297 530	306 708	362 410	352 710	305 003	286 351	324 298
Investment Property	3 540 000	4 515 500	4 246 000	4 411 000	5 685 000	4 917 000	4 645 000
Investment Property Fair Value Model	3 540 000	4 515 500	4 246 000	4 411 000	5 685 000	4 917 000	4 645 000
Investments Fixed Assets	2	2	2	2	2	2	1
Investments In Group Undertakings	2	2	2	2	2	2	1
Loans Owed By Related Parties	3 055	4 556	4 320	508	450		23 611
Loans Owed To Related Parties	-36 957	-35 470	-33 875	-30 703	-548	-187	-61 432
Net Assets Liabilities Subsidiaries	-1	-1	-1	-1	-1	-1	-1
Net Cash Flows From Used In Financing Activities	1 456 700	-1 413 734	788 306	327 185	482 231	1 235 557	-138 308
Net Cash Flows From Used In Investing Activities	-182 389	677 453	-1 081 061	-497 702	652 455	-1 070 019	-81 177
Net Cash Flows From Used In Operating Activities	-1 021 881	311 851	830 521	-306 406	-612 076	-127 821	159 394
Net Cash Generated From Operations	-1 424 041	-99 435	297 343	-721 960	-917 835	-593 931	-313 817
Net Current Assets Liabilities	2 327 275	3 081 549	3 635 181	3 754 293	3 510 973	4 382 045	5 057 857
Net Interest Received Paid Classified As Investing Activities	-2 142	-62		-2 800	-2 966	-4 211	-6 552
Number Shares Issued Fully Paid		200 000	200 000	200 000	200 000	200 000	200 000
Operating Profit Loss	810 112	779 565	577 003	531 589	875 254	1 497 120	1 241 066
Other Cash Inflow Outflow Classified As Operating Activities	-2 142	-62
Other Creditors		697 274	38 847	26 375	19 666	11 682	3 617
Other Deferred Tax Expense Credit	14 500	31 300	80 700	67 100	53 200	-13 300	42 500
Other Interest Receivable Similar Income Finance Income	2 142	62		2 800	2 966	4 211	6 552
Other Inventories	71 229	71 382	68 838
Other Operating Income Format1	1 077 904	1 087 446	1 181 845	1 215 739	1 383 579	1 520 169	1 489 714
Other Remaining Borrowings	1 568 925	2 247 720	2 430 857	2 597 210	2 294 583	1 781 826	2 311 733
Other Taxation Social Security Payable	204 068	170 028	93 574	143 957	248 676	218 156	81 863
Par Value Share		1	1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-190 774	-200 483	-541 301	-138 292	211 253	-278 007	416 467
Payments To Related Parties	12 352	13 618	6 560	11 891	3 929	456	645
Pension Other Post-employment Benefit Costs Other Pension Costs	13 981	15 110	21 457	30 435	40 945	34 377	37 673
Percentage Class Share Held In Subsidiary		100	100	100	100	100	100
Prepayments	42 840	46 244	46 925	44 243	14 750	22 249	26 621
Proceeds From Borrowings Classified As Financing Activities	873 621	-1 800 000	-700 000	-600 000		-50 000
Proceeds From Loans Advances To Other Related Parties Classified As Financing Activities	164 826	522 262	-257 414
Proceeds From Sales Investment Properties			-807 500	-264 182		-1 000 000
Proceeds From Sales Property Plant Equipment	-370 292	-449 343	-415 941	-400 796	-238 768	-120 469	-427 409
Profit Loss	400 535	494 481	611 924	490 858	900 552	1 163 007	444 154
Profit Loss On Ordinary Activities Before Tax	514 724	618 127	752 593	611 679	1 088 607	1 446 980	651 320
Property Plant Equipment Gross Cost	3 991 730	4 038 796	3 641 626		3 634 164	3 457 349	3 290 352
Provisions	65 500	96 800	169 500	236 600	289 800	276 500	319 000
Provisions For Liabilities Balance Sheet Subtotal	65 500	96 800	169 500	236 600	289 800	276 500	319 000
Purchase Investment Properties	-8 496	-830 292			-758 610
Purchase Property Plant Equipment	-181 549	-296 566	-142 380	-170 076	-135 579	-54 661	-352 785
Recoverable Value-added Tax		45 915					10 132
Rental Leasing Income	218 630	225 820	204 489	203 436	197 911	245 458	273 025
Repayments Borrowings Classified As Financing Activities	-16 040	-377 786	-1 135 960	-683 597	-234 484	-647 266	-727 203
Social Security Costs	101 364	113 796	112 412	114 723	115 747	124 097	126 887
Spare Parts	50 119	69 366	65 110	91 251	85 903
Staff Costs Employee Benefits Expense	1 381 406	1 473 097	1 502 004	1 526 277	1 563 308	1 579 238	1 607 974
Tax Expense Credit Applicable Tax Rate	102 945	117 444	142 993	116 219	206 835	274 926	123 751
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	7 274	5 533	9 441	2 307	6 734	8 517	2 808
Tax Tax Credit On Profit Or Loss On Ordinary Activities	114 189	123 646	140 669	120 821	188 055	283 973	207 166
Total Additions Including From Business Combinations Property Plant Equipment		641 475	187 736			54 661	352 785
Total Assets Less Current Liabilities	8 718 511	10 443 666	10 303 867	10 486 392	11 555 097	11 462 440	11 770 858
Total Borrowings	5 012 486	6 154 696	5 760 557	5 313 868	4 427 186	3 975 747	4 156 797
Total Current Tax Expense Credit	99 689	92 346	67 969	53 721	134 855	297 273	164 666
Total Deferred Tax Expense Credit		31 300	72 700	67 100
Trade Creditors Trade Payables	1 042 612	1 080 626	952 435	902 780	1 005 529	673 103	1 134 104
Trade Debtors Trade Receivables	1 648 097	1 723 768	1 900 268	1 970 551	1 918 940	2 036 685	2 132 987
Turnover Revenue	16 828 039	18 092 386	17 405 316	15 824 888	14 843 176	18 541 073	18 109 619
Wages Salaries	1 266 061	1 344 191	1 368 135	1 381 119	1 406 616	1 420 764	1 443 414
Dividend Per Share Interim						2
Further Item Borrowings Component Total Borrowings			1 197 284	1 311 116	1 772 368
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total							-1
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss				430 000	515 390
Government Grant Income					246 959	191 292
Merchandise			3 303 005	2 946 301	3 144 914
Raw Materials					85 903	113 299	79 176

Company staff

Andrew M.

Role: Director

Appointed: 01 January 1997

Latest update: 28 March 2024

Andrew M.

Role: Secretary

Appointed: 01 January 1994

Latest update: 28 March 2024

Martin N.

Role: Director

Appointed: 08 April 1991

Latest update: 28 March 2024

People with significant control

Martin N. is the individual with significant control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Martin N.

Notified on 8 January 2018

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Jamie N.

Notified on 6 April 2016

Ceased on 5 February 2018

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Estate N.

Notified on 6 April 2016

Ceased on 28 September 2017

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	15 March 2024
Confirmation statement last made up date	01 March 2023

Annual Accounts
Start Date For Period Covered By Report	01 January 2017
End Date For Period Covered By Report	31 December 2017
Annual Accounts
Start Date For Period Covered By Report	01 January 2018
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 2021
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	01 January 2022
End Date For Period Covered By Report	31 December 2022

Service Customer Advisor in Tamworth, posted on Tuesday 7th March 2017
Region / City	Midlands, Tamworth
Industry	Automobile repair and sales
Salary	£18000.00 per hour
Experience	at least one year
Job type	full time
Career level	experienced (non-managerial)
Education level	a GCSE (Scottish or equivalent)
Application by email	andrew.marven@polesworth-garage.com


Vehicle Technician in Tamworth, posted on Friday 15th August 2014
Region / City	Midlands, Tamworth
Industry	Automobile repair and sales services
Salary	From £8.00 to £10.00 per hour
Experience	at least two years
Job type	full time
Career level	none


Car Sales Executive in Tamworth, posted on Friday 15th August 2014
Region / City	Midlands, Tamworth
Industry	Automobile repair and sales services
Salary	From £20000.00 to £50000.00 per year
Experience	less than one year
Job type	full time


Forecourt Cashier in Tamworth, posted on Monday 23rd June 2014
Region / City	Midlands, Tamworth
Industry	Motor vehicles repair and sales
Salary	£7.00 per hour
Experience	at least one year
Job type	part time (less than 30 hours)
Career level	none
Education level	a CSE or its equivalent
Application by email	andrew.marven@polesworth-garage.com


Workshop Controller in Tamworth, posted on Wednesday 11th June 2014
Region / City	Midlands, Tamworth
Industry	Automotive sales and repair
Salary	£20000.00 per year
Experience	at least two years
Job type	full time
Career level	managerial
Education level	a GCSE (Scottish or equivalent)
Application by email	andrew.marven@polesworth-garage.com


Service Advisor in Tamworth, posted on Wednesday 11th June 2014
Region / City	Midlands, Tamworth
Industry	Automobile repair and sales services
Salary	£18000.00 per year
Experience	at least two years
Job type	full time
Career level	experienced (non-managerial)
Education level	a GCSE (Scottish or equivalent)
Application by email	andrew.marven@polesworth-garage.com

Polesworth Garage Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Andrew M.

Andrew M.

Martin N.

William N.

William N.

People with significant control

Martin N.

Jamie N.

Estate N.

Accounts Documents

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Company filings

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