Searings Motor Cycles (1988) Limited in Essex, SS9 2RZ

Description

Data updated on: 01-11-2023

Searings Motor Cycles (1988) came into being in 1988 as a company enlisted under no 02255168, located at SS9 2RZ Essex at 1759 London Road. This company has been in business for 36 years and its current status is active. This business's declared SIC number is 45400 and their NACE code stands for Sale, maintenance and repair of motorcycles and related parts and accessories. Its latest filed accounts documents cover the period up to 2022/10/31 and the most recent annual confirmation statement was submitted on 2023/05/10.

According to the latest data, this limited company is directed by 1 director: David K., who was designated to this position in October 2002. That limited company had been led by Terence P. until 2005-09-27. What is more a different director, namely Gerald S. quit on 2004-10-30. Moreover, the managing director's duties are constantly supported by a secretary - Simone K., who was officially appointed by the following limited company on 2005-09-27.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31
Currency
Net Worth	-36 074	-31 236	-25 744	-13 651	-9 050	-8 644

Balance Sheet
Cash Bank In Hand	2 002	4 831	5 680	2 143	2 977	855
Cash Bank On Hand						855	6 182	6 553	15 211	145 421	129 729	163 064
Current Assets	60 459	56 866	63 900	66 564	69 295	77 400	79 332	91 768	93 641	210 712	230 326	249 212
Debtors	3 759	4 400	2 913	9 310	4 526	10 079	5 430	8 032	1 887	12 337	14 694	20 091
Net Assets Liabilities						-8 644	713	13 583	25 878	52 186	89 409	115 817
Net Assets Liabilities Including Pension Asset Liability	-36 074	-31 236	-25 744	-13 651	-9 050	-8 644
Other Debtors						1 366	1 114	1 569	1 127	570	319
Property Plant Equipment						3 247	3 112	3 271	4 063	5 088	4 314	3 659
Stocks Inventory	54 698	47 635	55 307	55 111	61 792	66 466
Tangible Fixed Assets	5 609	4 634	3 839	4 620	3 870	3 247
Total Inventories						66 466	67 720	77 183	76 543	52 954	85 903	66 057

Capital & Reserves
Called Up Share Capital	300	300	300	300	300	300
Profit Loss Account Reserve	-36 374	-31 536	-26 044	-13 951	-9 350	-8 944
Shareholder Funds	-36 074	-31 236	-25 744	-13 651	-9 050	-8 644

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment						21 474	22 059	22 666	23 403	24 316	25 090	25 745
Average Number Employees During Period							6	6	6	5	6	6
Bank Borrowings Overdrafts						6 106	2 609	7 994	4 542	45 833	34 946	25 257
Creditors						6 106	2 609	81 456	71 826	45 833	34 946	25 257
Creditors Due After One Year	21 228	18 071	14 820	11 558	9 551	6 106
Creditors Due Within One Year	80 914	74 665	78 663	73 277	72 664	83 185
Finance Lease Liabilities Present Value Total						1 576
Increase From Depreciation Charge For Year Property Plant Equipment							585	607	737	913	774	655
Net Current Assets Liabilities	-20 455	-17 799	-14 763	-6 713	-3 369	-5 785	210	10 312	21 815	92 931	120 041	137 415
Number Shares Allotted		300	300	300	300	300
Other Creditors						1 474	9 050	13 173	18 724	30 292	28 196	48 143
Other Taxation Social Security Payable						6 598	4 070	12 040	8 554	27 379	27 283	24 673
Par Value Share		1	1	1	1	1
Property Plant Equipment Gross Cost						24 721	25 171	25 937	27 466	29 404	29 404
Share Capital Allotted Called Up Paid	300	300	300	300	300	300
Tangible Fixed Assets Additions				1 683
Tangible Fixed Assets Cost Or Valuation	23 038	23 038	23 038	24 721	24 721
Tangible Fixed Assets Depreciation	17 429	18 404	19 199	20 101	20 851	21 474
Tangible Fixed Assets Depreciation Charged In Period		975	795	902	750	623
Total Additions Including From Business Combinations Property Plant Equipment							450	766	1 529	1 938
Total Assets Less Current Liabilities	-14 846	-13 165	-10 924	-2 093	501	-2 538	3 322	13 583	25 878	98 019	124 355	141 074
Trade Creditors Trade Payables						47 634	43 061	48 249	40 006	53 096	43 209	26 227
Trade Debtors Trade Receivables						8 713	4 316	6 463	760	11 767	14 375	20 091