Wessex Garages Holdings Limited, BS5 0TT

Description

Data updated on: 01-11-2023

02639755 - registration number of Wessex Garages Holdings Limited. The firm was registered as a Private Limited Company on 1991-08-21. The firm has been present in this business for the last thirty three years. This firm may be contacted at Pennywell Road Bristol in Easton. The company's area code assigned to this place is BS5 0TT. Established as Wessex Garages (bristol) Holdings, the company used the name until 1994, when it was changed to Wessex Garages Holdings Limited. This enterprise's registered with SIC code 45111 : Sale of new cars and light motor vehicles. The company's latest financial reports were submitted for the period up to 2022/03/31 and the most current annual confirmation statement was filed on 2023/08/19.

There is a group of four directors managing this company at the moment, specifically Chris W., Timothy B., Kazuho T. and Masahide I. who have been carrying out the directors responsibilities since November 2019. To find professional help with legal documentation, this particular company has been utilizing the skills of Andrew D. as a secretary since May 2022.

Previous company's names
Wessex Garages Holdings Limited 1994-06-07
Wessex Garages (bristol) Holdings Limited 1991-08-21

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-03-31	2021-03-31
Currency

Balance Sheet
Cash Bank On Hand	2 489 016	529
Current Assets	40 401 548	34 049 099
Debtors	4 955 062	6 257 512
Net Assets Liabilities	14 259 720	15 576 665
Property Plant Equipment	8 400 900	8 032 907
Total Inventories	32 957 470	27 791 058

Other Financial Data
Fees For Non-audit Services	18 270	18 270
Director Remuneration	345 168	136 806
Accrued Liabilities	1 302 559	941 951
Accumulated Depreciation Impairment Property Plant Equipment	3 439 946	4 022 591
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-34 288
Administrative Expenses	15 617 098	13 554 500
Amounts Owed To Group Undertakings	1 200 000	1 050 000
Applicable Tax Rate	19	19
Average Number Employees During Period	306	283
Bank Borrowings	5 000 953
Bank Borrowings Overdrafts	5 163 613	1 361 143
Bank Overdrafts	162 660	1 361 143
Cash Cash Equivalents Cash Flow Value	2 326 356	-1 360 614
Comprehensive Income Expense	-1 112 235	1 316 945
Corporation Tax Payable		190 903
Corporation Tax Recoverable	8 215
Cost Sales	136 210 943	124 393 413
Creditors	1 200 000	1 050 000
Current Tax For Period	-8 215	199 118
Depreciation Amortisation Expense	573 781	582 645
Depreciation Expense Property Plant Equipment	573 781	582 645
Disposals Property Plant Equipment		13 170
Finished Goods	1 091 240	875 780
Further Item Interest Expense Component Total Interest Expense	48 342	223 209
Further Item Operating Income Component Total Other Operating Income		44 494
Future Minimum Lease Payments Under Non-cancellable Operating Leases	752 582	648 578
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-2 053 901	-4 241 532
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	650 190	-1 310 665
Gain Loss On Disposal Assets Income Statement Subtotal	-2 714	696
Gain Loss On Disposals Property Plant Equipment	-2 714	696
Government Grant Income		1 680 709
Gross Profit Loss	14 767 873	13 598 568
Income Taxes Paid Refund Classified As Operating Activities	-4 517
Increase Decrease Due To Transfers Between Classes Property Plant Equipment		-23 454
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 918 026	-3 686 970
Increase Decrease In Current Tax From Adjustment For Prior Periods	4 729
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	795 375	-5 166 412
Increase From Depreciation Charge For Year Property Plant Equipment		582 645
Interest Expense On Bank Overdrafts	4 110	4 290
Interest Paid Classified As Operating Activities	-257 614	-287 496
Interest Payable Similar Charges Finance Costs	257 614	287 496
Net Cash Flows From Used In Financing Activities	-5 000 953	5 000 953
Net Cash Flows From Used In Investing Activities	198 980	213 956
Net Cash Flows From Used In Operating Activities	2 883 947	-1 527 939
Net Cash Generated From Operations	2 621 816	-1 815 435
Net Current Assets Liabilities	7 154 490	8 655 140
Net Interest Received Paid Classified As Investing Activities	-595
Number Shares Issued Fully Paid		40 399
Operating Profit Loss	-849 225	1 769 271
Other Deferred Tax Expense Credit	14 854	-34 288
Other Interest Receivable Similar Income Finance Income	595
Other Operating Income Format1		1 725 203
Other Taxation Social Security Payable	467 899	197 486
Par Value Share		1
Pension Other Post-employment Benefit Costs Other Pension Costs	186 918	196 919
Prepayments	1 550 542	1 102 684
Proceeds From Borrowings Classified As Financing Activities	-5 000 953
Proceeds From Sales Property Plant Equipment		-13 866
Profit Loss	-1 112 235	1 316 945
Profit Loss On Ordinary Activities Before Tax	-1 106 244	1 481 775
Property Plant Equipment Gross Cost	11 840 846	12 055 498
Provisions	95 670	61 382
Provisions For Liabilities Balance Sheet Subtotal	95 670	61 382
Purchase Property Plant Equipment	-199 575	-227 822
Raw Materials	31 866 230	26 915 278
Recoverable Value-added Tax		269 442
Repayments Borrowings Classified As Financing Activities		-5 000 953
Social Security Costs	912 926	784 290
Staff Costs Employee Benefits Expense	10 397 598	9 526 738
Tax Decrease From Utilisation Tax Losses		151 045
Tax Decrease Increase From Effect Revenue Exempt From Taxation	580	580
Tax Expense Credit Applicable Tax Rate	-210 186	281 537
Tax Increase Decrease From Effect Capital Allowances Depreciation	46 285	37 936
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	3 146
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	162 597
Tax Increase Decrease From Other Short-term Timing Differences		-2 886
Tax Increase Decrease From Other Tax Effects Tax Reconciliation		-132
Tax Tax Credit On Profit Or Loss On Ordinary Activities	5 991	164 830
Total Additions Including From Business Combinations Property Plant Equipment		227 822
Total Assets Less Current Liabilities	15 555 390	16 688 047
Total Borrowings	21 507 519	20 368 864
Total Current Tax Expense Credit	-8 863	199 118
Total Operating Lease Payments	730 000	737 398
Trade Creditors Trade Payables	26 162 987	22 552 476
Trade Debtors Trade Receivables	3 396 305	4 885 386
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment		-5 026
Turnover Revenue	150 978 816	137 991 981
Wages Salaries	9 297 754	8 545 529