Race Electrical Services Limited in Kemsing, TN15 6NL

Description

Data updated on: 01-11-2023

Race Electrical Services came into being in 1988 as a company enlisted under no 02249992, located at TN15 6NL Kemsing at 2 Lakeview Stables. This firm has been in business for thirty six years and its official status is active. The enterprise's SIC and NACE codes are 43210 - Electrical installation. Race Electrical Services Ltd reported its latest accounts for the financial year up to 2022-12-31. Its latest confirmation statement was submitted on 2023-02-16.

This company owes its accomplishments and permanent improvement to two directors, who are Sharon T. and John T., who have been managing the firm since January 2017. In order to provide support to the directors, this company has been utilizing the skillset of John T. as a secretary for the last nineteen years.

Executives who control the firm include: John T. owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights. Sharon T. 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	2013-12-31	2014-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	1 206	1 805

Balance Sheet
Cash Bank In Hand	10	10
Cash Bank On Hand			59 272	162 022	137 114
Current Assets	135 350	120 206	155 937	200 673	185 099	195 295	150 039	198 702
Debtors	64 693	62 957	95 729	37 715	47 049
Other Debtors			11 000
Property Plant Equipment			3 953	2 750	1 569
Stocks Inventory	70 647	57 239
Tangible Fixed Assets	2 666	2 177
Total Inventories			936	936	936

Capital & Reserves
Called Up Share Capital	100	100
Profit Loss Account Reserve	1 106	1 705
Shareholder Funds	1 206	1 805

Other Financial Data
Amount Specific Advance Or Credit Directors				3 438	7 791	5 739	29 084	29 425
Amount Specific Advance Or Credit Made In Period Directors						13 530	29 084	29 425
Amount Specific Advance Or Credit Repaid In Period Directors					4 353		5 739	29 084
Accrued Liabilities Deferred Income			15 000	15 000	15 000
Accumulated Depreciation Impairment Property Plant Equipment			3 809	5 012	6 193
Average Number Employees During Period			2	2	2	2	2	2
Balances Amounts Owed To Related Parties			6 878	3 438	7 791
Corporation Tax Payable			12 747	16 440	4 354
Creditors			90 313	74 960	57 823	66 184	49 386	47 280
Creditors Due Within One Year	136 810	120 578
Increase From Depreciation Charge For Year Property Plant Equipment				1 203	1 181
Net Current Assets Liabilities	-1 460	-372	65 624	125 713	127 276	129 111	100 653	151 422
Number Shares Allotted		100
Other Taxation Social Security Payable			35 532	29 528	28 231
Par Value Share		1
Prepayments			536
Property Plant Equipment Gross Cost			7 762	7 762
Share Capital Allotted Called Up Paid	100	100
Tangible Fixed Assets Cost Or Valuation	10 612
Tangible Fixed Assets Depreciation	7 946	8 435
Total Assets Less Current Liabilities	1 206	1 805	69 577	128 463	128 845	130 615	102 330	152 797
Trade Creditors Trade Payables			20 156	10 554	2 447
Trade Debtors Trade Receivables			84 193	37 715	47 049
Fixed Assets					1 569	1 504	1 677	1 375