Wilco Motor Spares Limited in Norfolk, NR7 9AH

Description

Data updated on: 01-11-2023

Wilco Motor Spares Limited with Companies House Reg No. 01022320 has been a part of the business world for 53 years. This Private Limited Company is officially located at 186-200 Salhouse Road, Norwich, Norfolk and its postal code is NR7 9AH. This enterprise's Standard Industrial Classification Code is 45320 which means Retail trade of motor vehicle parts and accessories. Its latest annual accounts describe the period up to 2023-01-31 and the most current annual confirmation statement was filed on 2022-11-28.

1 transaction have been registered in 2014 with a sum total of £1,500. Cooperation with the Broadland District council covered the following areas: Special Project Expenses.

This business owes its success and unending improvement to a group of three directors, who are Stephen A., Richard S. and Gary G., who have been in the company since 2006. In order to help the directors in their tasks, this specific business has been utilizing the skills of Stephen A. as a secretary since the appointment on February 1, 2005.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-01-31	2015-01-31	2016-01-31	2017-01-31	2018-01-31	2019-01-31	2021-01-31	2022-01-31	2023-01-31
Currency
Net Worth	3 887 532	3 146 697

Balance Sheet
Cash Bank In Hand	7 625	7 891
Cash Bank On Hand		7 891	7 417	7 054	6 957	6 533	7 165	7 040	7 635
Current Assets	2 446 988	1 692 489	1 602 377	1 859 552	1 927 688	2 069 195	2 491 363	1 732 675	1 886 892
Debtors	1 236 302	491 560	378 321	621 183	629 120	835 874	1 120 691	267 496	164 919
Intangible Fixed Assets	1 083 876	1 083 876
Other Debtors			17 950	13 395	7 796	7 752	4 893	5 211
Property Plant Equipment		371 029	361 907	351 509	368 360	359 449	334 996	353 814	410 058
Stocks Inventory	1 203 061	1 193 038
Tangible Fixed Assets	356 082	371 029
Total Inventories		1 193 038	1 216 639	1 231 315	1 291 611	1 226 788	1 363 507	1 458 139	1 714 338
Trade Debtors	37 783	29 251
Net Assets Liabilities								3 148 922	2 890 224

Capital & Reserves
Called Up Share Capital	100	100
Profit Loss Account Reserve	3 887 432	3 146 597
Shareholder Funds	3 887 532	3 146 697

Other Financial Data
Audit Fees Expenses		7 210	7 306	7 452	7 688	7 895	7 883	8 243	9 031
Total Fees To Auditors	7 100
Company Contributions To Money Purchase Plans Directors		2 000	2 000	2 000	2 000	5 500	3 836	6 923	6 111
Director Remuneration	135 447	149 162	146 079	139 006	137 693	152 190	183 044	183 599	173 331
Dividend Recommended By Directors			1 000 000
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	2	2	2	2	2	2	2
Accounting Period Subsidiary	2 014	2 015
Accruals Deferred Income Within One Year	51 953	75 554
Accrued Liabilities		75 554	62 763	51 823	44 126	65 867	53 641	57 922	81 223
Accumulated Amortisation Impairment Intangible Assets		405 404	320 857	448 560	576 263	703 966	959 372	1 087 075	1 234 709
Accumulated Depreciation Impairment Property Plant Equipment		660 244	669 648	684 681	681 239	682 405	695 947	706 509	691 341
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge	49
Administrative Expenses	3 330 277	3 307 993	3 282 864	3 259 192	3 190 971	3 267 079	3 382 185	3 517 811	3 928 730
Amortisation Expense Intangible Assets			127 703	127 703	127 703	127 703	127 703	127 703	147 634
Amounts Owed By Group Undertakings		369 289	231 778	489 626	505 052	737 528
Amounts Owed By Group Undertakings Other Participating Interests	1 085 767	369 289
Applicable Tax Rate		21	20	20	19	19	19	19	19
Average Number Employees During Period	113						102	97	113
Book Profit On Chargeable Assets	-2 747
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	527
Changes In Provisions Leading To An Increase Decrease In Tax Charge	-34
Commitments Under Non-cancellable Operating Leases Land Buildings	63 500	63 500
Comprehensive Income Expense		1 259 165	943 073	128 999	43 422	-15 636	74 479	-11 804	-258 698
Corporation Tax Due Within One Year	41 250	64 500
Corporation Tax Payable		64 500	72 001	21 000	12 000	23 000	55 814	5 814	813
Cost Sales	3 560 459	3 487 841	3 313 158	3 103 136	3 015 459	3 194 181	3 016 647	3 284 416	3 579 809
Creditors		796 036	592 055	582 130	495 992	516 521	744 659	793 761	1 094 286
Creditors Due Within One Year	794 753	796 036
Current Tax For Period		64 500	72 000	66 000	43 000	23 000	55 000	30 000	-35 000
Debtors Due Within One Year	1 236 302	491 560
Depreciation Expense Property Plant Equipment		33 446	29 428	30 441	43 683	34 696	24 914	27 395	29 858
Depreciation Tangible Fixed Assets Expense	38 801	33 446
Depreciation Tangible Intangible Fixed Assets	-15 542
Disposals Decrease In Amortisation Impairment Intangible Assets			212 250
Disposals Decrease In Depreciation Impairment Property Plant Equipment			20 024	15 408	47 125	33 530		16 833	61 264
Disposals Intangible Assets			212 250
Disposals Property Plant Equipment			20 774	15 408	48 063	43 957		16 833	65 473
Dividend Per Share Interim			10 000
Dividends Paid		2 000 000	1 000 000
Dividends Paid On Shares Interim		2 000 000	1 000 000
Finished Goods		1 193 038	1 216 639	1 231 315	1 291 611	1 226 788	1 363 507	1 458 139	1 714 338
Finished Goods Goods For Resale	1 203 061	1 193 038
Fixed Asset Investments Cost Or Valuation		2 022 620
Fixed Asset Investments Provisions		1 227 281
Fixed Assets	2 235 297	2 250 244	2 079 448	1 941 347	1 830 495	1 693 881	1 414 022	2 210 008	2 118 618
Further Item Tax Increase Decrease Component Adjusting Items		-2 541	-179	-155	-59	408
Further Operating Expense Item Component Total Operating Expenses		-46 413	-47 462	297 290	277 211	273 790	50 972	51 670	55 486
Future Minimum Lease Payments Under Non-cancellable Operating Leases			53 500	7 833	30 000	30 000	37 000	37 000	57 000
Gain Loss On Disposals Property Plant Equipment		12 100	1 864	4 995	17 049	5 573		7 450	38 520
Gross Profit Loss	3 434 941	3 535 280	3 409 918	3 356 280	3 179 642	3 174 078	3 058 095	3 431 656	3 542 682
Hire Property Other Lease Expenditure	307 290
Income From Other Fixed Asset Investments		1 000 000	790 190
Increase Decrease In Current Tax From Adjustment For Prior Periods		35	-367	378	155			-2 680	-7 333
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods	49
Increase From Amortisation Charge For Year Intangible Assets			127 703	127 703	127 703	127 703		127 703	147 634
Increase From Depreciation Charge For Year Property Plant Equipment			29 428	30 441	43 683	34 696		27 395	29 858
Intangible Assets		1 083 876	956 173	828 470	700 767	573 064	317 658	389 268	241 634
Intangible Assets Gross Cost		1 489 280	1 277 030	1 277 030	1 277 030		1 277 030	1 476 343
Intangible Fixed Assets Aggregate Amortisation Impairment	405 404
Intangible Fixed Assets Cost Or Valuation	1 489 280
Investments Fixed Assets	795 339	795 339	761 368	761 368	761 368	761 368	761 368	1 466 926	1 466 926
Land Buildings Operating Leases Expiring After Five Years	30 000
Land Buildings Operating Leases Expiring Between Two Five Years	23 500	53 500
Land Buildings Operating Leases Expiring Within One Year	10 000	10 000
Net Assets Liabilities Subsidiaries		-18 000	-1 956 058	-2 587 405	-3 072 675	-3 477 454	-705 558	-771 518	-795 550
Net Current Assets Liabilities	1 652 235	896 453	1 010 322	1 277 422	1 431 696	1 552 674	1 746 704	938 914	792 606
Net Increase Decrease In Shareholders Funds	153 548
Number Shares Allotted		100
Number Shares Issued Fully Paid			100	100	100	100		100	100
Operating Lease Rental Receipts	39 722
Operating Profit Loss	194 386	323 700	224 516	195 377				15 515	-280 562
Other Creditors		188 976				601	105 097	130 176	110 571
Other Creditors Due Within One Year	195 692	188 976
Other Interest Receivable Similar Income	461
Other Investments Other Than Loans		795 339	761 368	761 368	761 368	761 368	761 368	1 466 926	1 466 926
Other Operating Income	89 722
Other Operating Income Format1		96 413	97 462	98 289	97 906	100 365	453 569	101 670	105 486
Other Taxation Social Security Payable		211 422	207 817	183 854	181 374	197 024	167 445	184 732	223 327
Other Taxation Social Security Within One Year	200 212	211 422
Other Timing Differences Leading To Decrease Increase In Taxation	-291
Par Value Share		1	1	1	1	1		1	1
Pension Costs	11 457
Pension Other Post-employment Benefit Costs Other Pension Costs		14 452	16 858	17 005	17 382	30 097	44 602	50 807	58 522
Percentage Class Share Held In Subsidiary			100	100	100	100		100	100
Percentage Subsidiary Held		100
Percentage Subsidiary Held By Direct Holdings		100
Prepayments		93 020	98 774	90 986	79 821	59 350	51 135	82 354	86 765
Prepayments Accrued Income Current Asset Due Within One Year	112 752	93 020
Profit Loss		1 259 165	943 073	128 999	43 422	-15 636	74 479	-11 804	-258 698
Profit Loss For Period	153 548
Profit Loss On Ordinary Activities Before Tax	194 847	1 323 700	1 014 706	195 377	86 577	7 364	129 479	15 515	-280 031
Profit Loss Subsidiaries		603 430	786 062	631 347	485 270	404 779	164 655	65 960	26 032
Property Plant Equipment Gross Cost		1 031 273	1 031 555	1 036 190	1 049 599	1 041 854	1 030 943	1 060 323	1 101 399
Share Capital Allotted Called Up Paid	100	100
Short Term Timing Differences Leading To Decrease Increase In Taxation	548
Social Security Costs	140 916	140 168	134 145	131 733	138 515	150 683	165 826	183 176	212 787
Staff Costs	2 023 066
Staff Costs Employee Benefits Expense		1 997 957	1 964 701	1 937 333	1 953 422	2 059 421	2 266 577	2 317 577	2 620 093
Standard Nominal Tax Rate	23
Tangible Fixed Assets Additions		11 150
Tangible Fixed Assets Cost Or Valuation	1 037 233	1 031 273
Tangible Fixed Assets Depreciation	681 151	660 244
Tangible Fixed Assets Depreciation Charged In Period		3 033
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		54 353
Tangible Fixed Assets Disposals		55 353
Tax Decrease Increase From Effect Revenue Exempt From Taxation		210 000	158 038
Tax Expense Credit Applicable Tax Rate		277 977	202 941	39 075	16 450	1 399	24 601	2 948	-53 206
Tax Increase Decrease From Effect Capital Allowances Depreciation			27 095	27 504	29 388	21 742	27 709	28 140	21 289
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				575	97	510	9	151	762
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	44 815
Tax On Profit Or Loss On Ordinary Activities	41 299
Tax Tax Credit On Profit Or Loss On Ordinary Activities		64 535	71 633	66 378	43 155	23 000	55 000	27 319	-21 333
Total Additions Including From Business Combinations Property Plant Equipment			21 056	20 043	61 472	36 212		46 213	88 998
Total Assets Less Current Liabilities	3 887 532	3 146 697	3 089 770	3 218 769	3 262 191	3 246 555	3 160 726	3 148 922	2 911 224
Total U K Foreign Current Tax After Adjustments Relief	41 299
Trade Creditors Trade Payables		255 584	249 474	325 453	258 492	230 029	362 662	415 117	423 160
Trade Creditors Within One Year	305 646	255 584
Trade Debtors Trade Receivables		29 251	29 819	27 176	36 451	31 244	35 107	34 393	78 154
Turnover Gross Operating Revenue	6 995 400
Turnover Revenue		7 023 121	6 723 076	6 459 416	6 195 101	6 368 259	6 074 742	6 716 072	7 122 491
U K Current Corporation Tax	41 250
Wages Salaries	1 870 693	1 843 337	1 813 698	1 788 595	1 797 525	1 878 641	2 056 149	2 083 594	2 348 784
Additional Provisions Increase From New Provisions Recognised									21 000
Company Contributions To Money Purchase Schemes Directors	2 000	2 000
Other Deferred Tax Expense Credit									21 000
Other Interest Receivable Similar Income Finance Income									531
Provisions									21 000
Provisions For Liabilities Balance Sheet Subtotal									21 000
Total Additions Including From Business Combinations Intangible Assets								199 313
Total Current Tax Expense Credit								27 319	-42 333