Racing Technologies Limited in Southgate, N14 6HF

Description

Data updated on: 01-11-2023

Registered with number 03539783 26 years ago, Racing Technologies Limited was set up as a Private Limited Company. The company's current registration address is Southgate Office Village, 286a Chase Road Southgate. This enterprise's SIC code is 45200 which means Maintenance and repair of motor vehicles. 2022-04-30 is the last time when the accounts were reported.

According to the data we have, the following firm was started in Thu, 2nd Apr 1998 and has been overseen by three directors, and out of them two (Elias E. and Peter W.) are still active. What is more, the managing director's responsibilities are often aided with by a secretary - Helen E., who was officially appointed by the firm in November 2007.

Elias E. 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.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-04-30	2012-04-30	2013-04-30	2014-04-30	2015-04-29	2015-04-30	2016-04-30	2017-04-30
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	29 782	66 345	69 495	25 805

Balance Sheet
Cash Bank On Hand							58 353	30 862
Current Assets	98 496	142 313	143 928	236 272	157 016	157 016	376 556	205 777
Debtors	48 837	84 081	103 202	83 737	91 591	91 591	187 086	126 282
Net Assets Liabilities							83 832	125 072
Other Debtors							398
Property Plant Equipment							106 876	91 408
Total Inventories							131 117	48 633
Cash Bank In Hand	23 476	24 614	18 198	51 443	18 099	18 099	58 353
Net Assets Liabilities Including Pension Asset Liability	29 782	66 345	69 495	25 805	2 249	2 247	83 832
Stocks Inventory	26 183	33 618	22 528	101 092	47 326	47 326	131 117
Tangible Fixed Assets	51 034	54 767	63 739	60 855	93 580	93 579	106 876

Capital & Reserves
Called Up Share Capital	200	200	200	200	200	200	200
Profit Loss Account Reserve	29 582	66 145	69 295	25 605	2 049	2 047	83 632
Shareholder Funds	29 782	66 345	69 495	25 805

Other Financial Data
Accrued Liabilities							3 254	2 014
Accumulated Depreciation Impairment Property Plant Equipment							168 743	194 211
Additions Other Than Through Business Combinations Property Plant Equipment								10 000
Average Number Employees During Period							9	9
Corporation Tax Payable							23 284	25 614
Creditors							399 600	172 113
Future Minimum Lease Payments Under Non-cancellable Operating Leases							2 371 400	2 271 200
Increase From Depreciation Charge For Year Property Plant Equipment								25 468
Loans From Directors							34 694	17 469
Net Current Assets Liabilities	-18 434	13 108	5 756	-27 550	-91 331	-91 335	-23 044	33 664
Other Creditors							68 204	241
Other Taxation Social Security Payable							43 151	36 366
Prepayments Accrued Income							39 984	38 749
Property Plant Equipment Gross Cost							275 619	285 619
Trade Creditors Trade Payables							227 013	90 409
Trade Debtors Trade Receivables							146 704	87 533
Creditors Due Within One Year Total Current Liabilities	116 930	129 205
Fixed Assets	51 034	54 767	63 739	60 855
Provisions For Liabilities Charges	2 818	1 530
Tangible Fixed Assets Additions		19 225	24 930	15 715		57 703	40 014
Tangible Fixed Assets Cost Or Valuation	118 033	137 258	162 188	177 904		235 607	275 619
Tangible Fixed Assets Depreciation	66 999	82 491	98 449	117 048		142 025	168 743
Tangible Fixed Assets Depreciation Charge For Period		15 492
Total Assets Less Current Liabilities	32 600	67 875	69 495	33 306		2 247
Bank Borrowings Overdrafts Secured				22 500	7 500	7 500
Capital Employed				25 806	2 249	2 247	83 832
Creditors Due After One Year				7 500
Creditors Due Within One Year		129 205	138 172	263 822	248 347	248 351	399 600
Number Shares Allotted			100	200		200	200
Par Value Share			1	1		1	1
Share Capital Allotted Called Up Paid		100	100	200	200	200	200
Tangible Fixed Assets Depreciation Charged In Period			15 958	18 599		24 977	26 718