Research Garage Group Limited in Leicestershire, LE10 1HL

Description

Data updated on: 01-11-2023

Research Garage Group Limited with Companies House Reg No. 01021262 has been competing in the field for fifty three years. This Private Limited Company can be contacted at London Road, Hinckley, Leicestershire and company's zip code is LE10 1HL. The company's SIC and NACE codes are 45111 and their NACE code stands for Sale of new cars and light motor vehicles. Saturday 31st December 2022 is the last time when company accounts were reported.

The firm works in retail industry. Its FHRSID is 11088/0058/A/000. It reports to Hinckley and Bosworth and its last food inspection was carried out on 2015/06/24 in 60 London Road, Hinckley and Bosworth, LE10 1HL. The most recent quality assessment result obtained by the company is 5, which translates as very good. The components comprising this value are the following inspection results: 5 for hygiene, 5 for its structural management and 0 for confidence in management.

According to the latest update, we can name only a single managing director in the company: Ian R. (since 2014/04/06). Robert R. had been supervising this company until the resignation in 2017. In addition another director, including Christopher P. quit in January 2013.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-12-31	2013-12-31	2014-12-31	2016-12-31	2017-12-31
Currency
Net Worth	2 574 070	2 283 201	2 902 374

Balance Sheet
Cash Bank On Hand				160
Current Assets	3 477 120	3 538 852	5 146 812	8 663 342	8 255 915
Debtors	727 779	550 113	901 131	1 571 823	1 219 589
Net Assets Liabilities				3 802 152	3 771 586
Other Debtors	67 198	7 539	23 252	63 638	19 577
Property Plant Equipment				4 853 008	5 614 745
Total Inventories				7 091 359	7 036 326
Cash Bank In Hand	8 365	112	7 039
Stocks Inventory	2 740 976	2 988 627	4 238 642
Tangible Fixed Assets	4 558 102	4 430 402	4 119 991
Trade Debtors	523 474	478 434	738 386

Capital & Reserves
Called Up Share Capital	4 606	4 606	10 000
Profit Loss Account Reserve	1 303 190	1 054 261	1 253 385
Shareholder Funds	2 574 070	2 283 201	2 902 374

Other Financial Data
Taxation Compliance Services Fees				1 000	1 300
Amount Specific Advance Or Credit Directors		7 539	7 449	5 617	40 643
Amount Specific Advance Or Credit Made In Period Directors				174 687	55 260
Amount Specific Advance Or Credit Repaid In Period Directors				119 785	9 000
Company Contributions To Money Purchase Plans Directors				18 989	5 179
Director Remuneration				50 971	63 244
Number Directors Accruing Benefits Under Money Purchase Scheme				1	1
Accrued Liabilities Deferred Income				146 061	68 957
Accumulated Depreciation Impairment Property Plant Equipment				1 191 638	1 338 362
Additional Provisions Increase From New Provisions Recognised					12 200
Administrative Expenses	1 406 843	1 448 361		1 542 716	1 634 130
Applicable Tax Rate				20	19
Average Number Employees During Period				119	115
Bank Borrowings		10 761		53 333	163 333
Bank Borrowings Overdrafts	1 042 500	697 236		693 331	1 052 495
Bank Overdrafts	581 197	865 926	927 072	484 109	581 244
Capital Commitments				20 705
Cash Cash Equivalents Cash Flow Value				-483 949	-581 244
Comprehensive Income Expense				434 991	-30 566
Corporation Tax Payable				94 642	38 947
Cost Sales	19 255 751	21 125 927		43 220 684	43 234 129
Creditors				693 331	1 052 495
Current Tax For Period				94 645	-16 293
Deferred Tax Liabilities					12 200
Depreciation Amortisation Expense				95 062	146 723
Depreciation Expense Property Plant Equipment				95 062	146 724
Dividends Paid				108 000
Dividends Paid Classified As Financing Activities				-108 000
Dividends Paid On Shares Interim				108 000
Finished Goods				3 681 643	3 647 515
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities				53 336	80 835
Further Item Interest Expense Component Total Interest Expense				124 743	126 779
Further Item Interest Income Component Total Interest Income				53 076	15 984
Further Operating Expense Item Component Total Operating Expenses				40 851 388	40 470 471
Future Minimum Lease Payments Under Non-cancellable Operating Leases				19 316	49 955
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables				1 091 592	-402 386
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables				-265 130	392 877
Gain Loss On Disposal Assets Income Statement Subtotal				83
Gain Loss On Disposals Property Plant Equipment				83
Gross Profit Loss	1 541 915	1 383 519		2 167 409	1 734 417
Income From Related Parties				238 454	280 671
Income Taxes Paid Refund Classified As Operating Activities				-69 619	-40 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation				-379 889	-97 295
Increase Decrease In Current Tax From Adjustment For Prior Periods					598
Increase Decrease In Stocks Inventories Finished Goods Work In Progress				1 694 010	-55 033
Increase From Depreciation Charge For Year Property Plant Equipment					146 724
Interest Expense On Bank Loans Similar Borrowings				6 490	23 553
Interest Paid Classified As Operating Activities				-131 233	-150 332
Interest Payable Similar Charges Finance Costs				131 233	150 332
Key Management Personnel Compensation Total				64 419	58 503
Loans Owed By Related Parties				106 014	201 739
Loans Owed To Related Parties					-2 470
Net Cash Flows From Used In Financing Activities				-380 900	-692 980
Net Cash Flows From Used In Investing Activities				412 061	892 477
Net Cash Flows From Used In Operating Activities				348 728	-102 202
Net Cash Generated From Operations				147 876	-292 534
Net Current Assets Liabilities	-926 641	-1 437 156	-1 187 617	-305 525	-726 464
Net Interest Received Paid Classified As Investing Activities				-53 076	-15 984
Number Shares Issued Fully Paid					1 500
Operating Profit Loss	135 072	-64 842		624 693	100 287
Other Creditors				379 561	470 755
Other Deferred Tax Expense Credit				16 900	12 200
Other Interest Receivable Similar Income Finance Income				53 076	15 984
Other Remaining Borrowings				1 594 656	1 864 731
Other Taxation Social Security Payable				190 453	102 087
Par Value Share		1	1		1
Payments To Related Parties				499 978	414 384
Pension Other Post-employment Benefit Costs Other Pension Costs				37 781	37 306
Prepayments Accrued Income				158 806	61 715
Proceeds From Borrowings Classified As Financing Activities				-1 594 656	-1 864 731
Proceeds From Sales Property Plant Equipment				-83
Profit Loss				434 991	-30 566
Profit Loss On Ordinary Activities Before Tax	-21 772	-218 929		546 536	-34 061
Property Plant Equipment Gross Cost				6 044 646	6 953 107
Provisions				52 000	64 200
Provisions For Liabilities Balance Sheet Subtotal				52 000	64 200
Purchase Property Plant Equipment				-465 220	-908 461
Raw Materials				64 410	31 993
Repayments Borrowings Classified As Financing Activities				-997 518	-1 594 656
Social Security Costs	159 142	180 151		243 565	244 278
Staff Costs Employee Benefits Expense				2 881 478	3 103 760
Tax Expense Credit Applicable Tax Rate				109 307	-6 557
Tax Increase Decrease From Effect Capital Allowances Depreciation				-17 037	-10 340
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				2 375	604
Tax Tax Credit On Profit Or Loss On Ordinary Activities				111 545	-3 495
Total Additions Including From Business Combinations Property Plant Equipment					908 461
Total Assets Less Current Liabilities	3 631 461	2 993 246	2 932 374	4 547 483	4 888 281
Total Borrowings				2 132 098	2 609 308
Total Current Tax Expense Credit				94 645	-15 695
Total Operating Lease Payments				11 889	7 733
Trade Creditors Trade Payables				2 890 671	2 577 424
Trade Debtors Trade Receivables				1 349 379	1 097 654
Turnover Revenue				45 388 093	44 968 546
Wages Salaries	1 829 677	2 006 316		2 600 132	2 822 176
Work In Progress	40 031	26 435	9 665	21 945	9 323
Audit Fees Expenses	12 600	12 600	12 500
Fees For Non-audit Services	4 695	3 870	3 690
Advances Credits Directors		7 539
Advances Credits Made In Period Directors		59 470
Advances Credits Repaid In Period Directors		114 797
Company Contributions To Money Purchase Schemes Directors	21 765	20 715	20 758
Accruals Deferred Income Within One Year	73 669	103 144	55 420
Aggregate Depreciation On Tangible Fixed Assets On Historical Cost Basis		3 492 695	402 195
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	7 484	21 612
Cash Flow Outflow Before Management Liquid Resources Financing	406 841	35 932
Cash Flow Outflow From Capital Expenditure Financial Investment		-40 159
Cash Flow Outflow From Financing		-26 150
Cash Flow Outflow From Management Liquid Resources Financing		-35 932
Cash Flow Outflow From Operating Activities	603 865	-260 178
Commitments Under Non-cancellable Operating Leases Other Items	-17 724	-17 300
Cost Tangible Fixed Assets On Historical Cost Basis		482 029	3 077 861
Creditors Due After One Year	1 057 391	710 045
Creditors Due Within One Year	4 403 761	4 976 008	6 334 429
Depreciation Tangible Fixed Assets Expense	72 515	53 772	59 781
Difference Between Accumulated Depreciation Amortisation Capital Allowances			30 000
Equity Dividends Paid		-30 000
Expenses Not Deductible For Tax Purposes		5 688
Gain Loss From Disposal Tangible Fixed Assets		123 060
Impairment Loss Not Charged To Profit		-41 940
Increase Decrease In Net Cash For Period	179 202	9 782
Interest Payable Similar Charges	156 844	154 087
Loans From Directors			7 449
Net Assets Liability Excluding Pension Asset Liability	2 574 070	2 283 201	2 902 374
Net Debt Funds	2 315 076	2 328 307	2 121 798
Net Increase Decrease In Shareholders Funds		-290 869
Net Interest Payable Receivable	156 844	154 087
New Finance Leases	-4 400	49 162
Number Shares Allotted		4 606	1 500
Obligations Under Finance Lease Hire Purchase Contracts After One Year	1 435	2 048
Obligations Under Finance Lease Hire Purchase Contracts Within One Year	4 923	25 982	2 048
Other Borrowings	13 456	10 761
Other Creditors Due Within One Year	14 274	103 786	89 323
Other Operating Leases Expiring Between Two Five Years	-3 274
Other Operating Leases Expiring Within One Year	-14 450	-17 300	-9 735
Other Taxation Social Security Within One Year	307 723	200 012	48 043
Pension Costs	27 588	23 765
Pensions Costs Defined Contribution Schemes		23 765
Prepayments Accrued Income Current Asset	137 107	64 140	139 493
Profit Loss For Period	-21 772	-218 929
Provisions For Liabilities Charges			30 000
Revaluation Reserve	1 266 274	1 224 334	1 224 334
Revaluation Surplus In Period		-41 940
Share Capital Allotted Called Up Paid	4 606	4 606	1 500
Share Premium Account			414 655
Short-term Borrowing Charges Including Bank Interest	16 819	14 805
Staff Costs		2 210 232
Standard Nominal Tax Rate	20	20
Stocks Raw Materials Consumables	79 396	24 936	53 428
Tangible Fixed Assets Additions		91 072	33 387
Tangible Fixed Assets Cost Or Valuation	5 751 875	5 672 247	5 146 418
Tangible Fixed Assets Depreciation	1 193 773	1 241 845	1 026 427
Tangible Fixed Assets Depreciation Charged In Period	-1 395	53 772	11 773
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		5 700	147 687
Tangible Fixed Assets Disposals		5 700	162 687
Tangible Fixed Assets Increase Decrease From Revaluations		-165 000
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	4 354	43 786
Total Dividend Payment	30 000	30 000
Total Recognised Gain Loss For Period	-21 772	-260 869
Trade Creditors Within One Year	2 742 045	2 996 130	4 005 357
Turnover Gross Operating Revenue	20 797 666	22 509 446
Unrelieved Tax Losses Carried Forward	80 678	327 204
Utilisation Tax Losses	2 665

Company staff

Ian R.

Role: Director

Appointed: 06 April 2014

Latest update: 26 March 2024

Ian R. is the individual who controls this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Ian R.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	11 May 2024
Confirmation statement last made up date	27 April 2023

Annual Accounts 24 September 2014
Start Date For Period Covered By Report	2013-01-01
End Date For Period Covered By Report	2013-12-31
Date Approval Accounts	24 September 2014
Annual Accounts 1 July 2015
Start Date For Period Covered By Report	2014-01-01
End Date For Period Covered By Report	2014-12-31
Date Approval Accounts	1 July 2015
Annual Accounts
Start Date For Period Covered By Report	01 January 2017
End Date For Period Covered By Report	31 December 2017

Research Garage Group Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Ian R.

Robert R.

Christopher P.

Craig M.

Eric R.

Duncan R.

Ian R.

Frederick R.

People with significant control

Ian R.

Accounts Documents

Research Garage Group food hygiene ratings

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Food rating: 5

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