Read Motor Group Limited in Grimsby, DN36 4RJ

Description

Data updated on: 01-11-2023

Read Motor Group Limited was set up as Private Limited Company, that is registered in Altyre Altyre Way, Hewitts Avenue Business Park, Humberston, Grimsby. The head office's postal code is DN36 4RJ. This firm was set up in 2009. The business Companies House Registration Number is 07110298. The firm has a history in business name change. Previously this firm had two other names. Up till 2014 this firm was run as Read Automotive Holdings and up to that point the company name was Read Automotives Holdings. This firm's Standard Industrial Classification Code is 64209 which stands for Activities of other holding companies n.e.c.. The business most recent filed accounts documents cover the period up to 2022-12-31 and the latest annual confirmation statement was filed on 2022-12-21.

In order to be able to match the demands of its customer base, the business is continually led by a unit of two directors who are Michael R. and Nicola R.. Their joint efforts have been of pivotal use to this specific business since 2010. Furthermore, the managing director's efforts are often helped with by a secretary - Nicola R., who was selected by this specific business on Tuesday 5th January 2010.

Previous company's names
Read Motor Group Limited 2014-06-17
Read Automotive Holdings Limited 2010-01-28
Read Automotives Holdings Limited 2009-12-21

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 347 781	743 622
Current Assets		16 471 799	24 684 816
Debtors		664 618	796 618
Net Assets Liabilities		85 000	85 000
Other Debtors		286 887	67 825
Total Inventories		13 388 008	19 465 055

Other Financial Data
Audit Fees Expenses		25 000	27 500
Fees For Non-audit Services		25 000	27 500
Other Non-audit Services Fees		16 250	18 000
Taxation Compliance Services Fees		8 750	9 500
Accumulated Amortisation Impairment Intangible Assets		467 181	524 421
Accumulated Depreciation Impairment Property Plant Equipment		424 462	483 561
Additions Other Than Through Business Combinations Property Plant Equipment			132 413
Administration Support Average Number Employees		23	28
Administrative Expenses		6 798 928	8 771 111
Amortisation Expense Intangible Assets		49 656	57 240
Amounts Owed By Related Parties		664 618	796 618
Amounts Owed To Related Parties		2 475 434	2 924 241
Amount Specific Bank Loan		93 451	22 030 106
Applicable Tax Rate		19	19
Average Number Employees During Period		170	195
Balances Amounts Owed To Related Parties		13 001	3 369
Bank Borrowings		2 683 712	2 864 585
Capital Commitments		397 122
Cash Cash Equivalents		743 622	799 934
Comprehensive Income Expense		1 601 210	1 719 365
Comprehensive Income Expense Attributable To Owners Parent		1 601 210	1 719 365
Cost Sales		100 004 125	125 475 904
Creditors		2 687 369	2 864 585
Current Tax For Period		443 221	413 247
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws		68 928	5 745
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		40 166	-7 560
Deferred Tax Liabilities		41 994	41 823
Depreciation Amortisation Expense		389 474	437 764
Depreciation Expense Property Plant Equipment		339 818	380 524
Dividends Paid		-170 000	-200 000
Dividends Paid Classified As Financing Activities		-170 000	-200 000
Fixed Assets		9 673 401	9 993 224
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities		-55 714	850 000
Further Item Creditors Component Total Creditors		987 650	1 273 100
Future Minimum Lease Payments Under Non-cancellable Operating Leases		211 572	155 072
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		2 575 613	7 174 671
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		323 948	2 079 658
Gain Loss In Cash Flows From Change In Deferred Items		-4 256
Gain Loss In Cash Flows From Change In Inventories		2 631 048	6 077 047
Gain Loss On Revaluation Property Plant Equipment Net Tax In Other Comprehensive Income		-9 947	172
Government Grant Income		273 823
Gross Profit Loss		8 917 735	11 399 466
Income Taxes Paid Refund Classified As Operating Activities		27 275	743 230
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		-604 159	56 312
Increase Decrease In Current Tax From Adjustment For Prior Periods		591	-1 670
Increase Decrease In Existing Provisions			-10 228
Increase Decrease In Net Debt From Cash Flows			-124 373
Increase From Amortisation Charge For Year Intangible Assets			57 240
Increase From Depreciation Charge For Year Property Plant Equipment			59 099
Intangible Assets		405 935	348 695
Intangible Assets Gross Cost		873 116	873 116
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		92 056	146 484
Interest Income On Bank Deposits		5	38
Interest Paid Classified As Financing Activities		-297 500	-505 183
Interest Paid Classified As Operating Activities		297 500	505 183
Interest Payable Similar Charges Finance Costs		297 500	505 183
Interest Received Classified As Investing Activities		5	38
Interest Received Classified As Operating Activities		5	38
Inventories Pledged As Security For Liabilities Carrying Amount		11 728 979	16 901 235
Investments Fixed Assets		2 212 623	2 212 623
Investments In Subsidiaries		2 212 623	2 212 623
Key Management Personnel Compensation Short-term Employee Benefits		41 779	42 640
Minimum Operating Lease Payments Recognised As Expense		137 072	212 191
Net Cash Flows From Used In Financing Activities		-789 718	-526 996
Net Cash Flows From Used In Investing Activities		-2 185 631	-757 547
Net Cash Flows From Used In Operating Activities		2 371 190	1 340 855
Net Cash Generated From Operations		2 398 465	2 084 085
Net Cash Inflow Outflow From Operations Before Movements In Working Capital		2 782 104	3 066 119
Net Current Assets Liabilities		-2 127 623	-2 127 623
Net Debt Funds		-2 531 985	-2 656 358
Number Shares Issued Fully Paid		10 000	10 000
Operating Profit Loss		2 392 630	2 628 355
Other Comprehensive Income Expense Net Tax		-9 947	172
Other Creditors		112 075	213 188
Other Departments Average Number Employees		99	112
Other Finance Costs		205 444	358 699
Other Interest Receivable Similar Income Finance Income		5	38
Other Inventories		13 388 008	19 465 055
Other Operating Income Format1		273 823
Other Payables Accrued Expenses		316 807	400 492
Other Remaining Borrowings		3 657
Par Value Share			1
Pension Costs Defined Contribution Plan		60 326	78 528
Percentage Class Share Held In Subsidiary		100	100
Prepayments		211 384	196 573
Proceeds From Sales Property Plant Equipment		1 077
Profit Loss		170 000	200 000
Profit Loss On Ordinary Activities Before Tax		2 095 135	2 123 210
Property Plant Equipment Gross Cost		604 086	736 499
Provisions		291 487	281 259
Provisions For Liabilities Balance Sheet Subtotal		291 487	281 259
Purchase Intangible Assets		-151 681
Purchase Property Plant Equipment		-2 035 032	-757 585
Repayments Borrowings Classified As Financing Activities		-516 504	-584 907
Revenue From Commissions		539 623	778 775
Revenue From Rendering Services		6 055 838	7 002 907
Revenue From Sale Goods		102 326 399	129 093 688
Selling Average Number Employees		48	55
Social Security Costs		380 336	496 340
Staff Costs Employee Benefits Expense		4 545 056	5 607 755
Taxation Social Security Payable		583 313	105 688
Tax Expense Credit Applicable Tax Rate		398 076	403 410
Tax Increase Decrease From Effect Capital Allowances Depreciation		7 719	-7 626
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		8 664	4 158
Tax Tax Credit On Profit Or Loss On Ordinary Activities		483 978	404 017
Total Assets Less Current Liabilities		8 137 328	9 823 681
Total Borrowings		2 687 369	2 864 585
Total Operating Lease Payments		16 408	33 195
Trade Creditors Trade Payables		15 523 030	23 364 168
Trade Debtors Trade Receivables		1 841 898	4 155 429
Turnover Revenue		108 921 860	136 875 370
Wages Salaries		4 104 394	5 032 887
Director Remuneration		41 779	39 940

Company staff

Michael R.

Role: Director

Appointed: 05 January 2010

Latest update: 19 February 2024

Nicola R.

Role: Director

Appointed: 05 January 2010

Latest update: 19 February 2024

Nicola R.

Role: Secretary

Appointed: 05 January 2010

Latest update: 19 February 2024

People with significant control

Michael R. is the individual who has control over this firm, owns over 3/4 of company shares.

Michael R.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	04 January 2024
Confirmation statement last made up date	21 December 2022

Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31

Read Motor Group Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Michael R.

Nicola R.

Nicola R.

Jonathon R.

People with significant control

Michael R.

Accounts Documents

Company filings

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