Founded in 1986, Magowan Tyres (n.i.), classified under reg no. NI019865 is an active company. Currently registered at 2 Houston Business Park BT36 5RZ, Newtownabbey the company has been in the business for 38 years. Its financial year was closed on Tuesday 31st December and its latest financial statement was filed on 31st December 2022.
At the moment there are 5 directors in the the firm, namely David M., Adam D. and Darryl M. and others. In addition one secretary - Georgina M. - is with the company. As of 28 March 2024, our data shows no information about any ex officers on these positions.
Office Address | 2 Houston Business Park |
Office Address2 | Doagh Road |
Town | Newtownabbey |
Post code | BT36 5RZ |
Country of origin | United Kingdom |
Registration Number | NI019865 |
Date of Incorporation | Mon, 22nd Sep 1986 |
Industry | Wholesale trade of motor vehicle parts and accessories |
Industry | Retail trade of motor vehicle parts and accessories |
End of financial Year | 31st December |
Company age | 38 years old |
Account next due date | Mon, 30th Sep 2024 (186 days left) |
Account last made up date | Sat, 31st Dec 2022 |
Next confirmation statement due date | Sun, 17th Mar 2024 (2024-03-17) |
Last confirmation statement dated | Fri, 3rd Mar 2023 |
The register of persons with significant control who own or have control over the company is made up of 1 name. As BizStats identified, there is Darryl M. The abovementioned PSC and has 25-50% shares.
Darryl M.
Notified on | 6 April 2016 |
Nature of control: |
25-50% shares |
Profit & Loss | |||||||
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Accounts Information Date | 2016-09-30 | 2017-09-30 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
Balance Sheet | |||||||
Cash Bank On Hand | 723 348 | 1 168 123 | 546 638 | 562 067 | 871 932 | 2 748 083 | 339 807 |
Current Assets | 8 119 564 | 10 625 190 | 10 092 161 | 10 034 167 | 10 979 626 | 11 816 921 | 11 439 591 |
Debtors | 3 682 426 | 4 547 570 | 4 274 001 | 4 086 397 | 4 206 638 | 3 972 170 | 4 735 381 |
Net Assets Liabilities | 7 796 177 | 9 402 442 | 11 225 153 | 12 135 352 | 13 460 507 | 14 917 411 | 15 573 584 |
Other Debtors | 72 360 | 658 200 | 532 088 | 54 179 | 81 012 | 69 907 | 64 841 |
Property Plant Equipment | 3 917 504 | 4 987 972 | 7 290 572 | 12 289 424 | 12 427 303 | 12 210 951 | 11 739 490 |
Total Inventories | 3 712 239 | 4 907 946 | 5 269 971 | 5 384 152 | 5 899 505 | 5 095 117 | 6 391 437 |
Other | |||||||
Audit Fees Expenses | 5 000 | 12 500 | 15 625 | 11 025 | 16 000 | 13 500 | |
Accumulated Amortisation Impairment Intangible Assets | 32 278 | ||||||
Accumulated Depreciation Impairment Property Plant Equipment | 2 104 047 | 2 266 589 | 2 625 684 | 2 097 552 | 2 210 779 | 2 546 423 | 3 151 750 |
Additional Provisions Increase From New Provisions Recognised | 58 427 | ||||||
Additions Other Than Through Business Combinations Intangible Assets | 553 327 | ||||||
Additions Other Than Through Business Combinations Property Plant Equipment | 1 855 192 | 2 730 397 | 5 303 240 | 735 126 | 412 444 | 141 016 | |
Administration Support Average Number Employees | 7 | 9 | 9 | 9 | 9 | 10 | 10 |
Administrative Expenses | 3 969 389 | 3 702 343 | 5 260 251 | 4 498 064 | 4 276 356 | 4 277 908 | 5 165 326 |
Amortisation Expense Intangible Assets | 32 278 | ||||||
Amounts Owed To Related Parties | 296 096 | 222 796 | 275 751 | 49 613 | 6 217 | ||
Applicable Tax Rate | 20 | 20 | 19 | 19 | 19 | 19 | 19 |
Average Number Employees During Period | 71 | 74 | 77 | 79 | 77 | 71 | 81 |
Balances With Banks | 723 348 | 1 165 884 | 544 606 | 558 969 | 864 912 | 2 743 448 | 335 740 |
Bank Borrowings | 233 293 | 223 322 | 6 750 437 | 6 498 119 | 5 870 119 | 5 242 119 | |
Bank Borrowings Overdrafts | -627 484 | -3 221 166 | -1 949 958 | -601 054 | -49 | -97 040 | |
Bank Overdrafts | 627 484 | 3 221 166 | 1 949 958 | 601 054 | 49 | 97 040 | |
Capital Commitments | 25 547 | 4 497 970 | 418 840 | 21 420 | |||
Cash Cash Equivalents | 723 348 | 1 168 123 | 546 638 | 562 067 | 871 932 | 2 748 083 | 339 807 |
Cash Cash Equivalents Cash Flow Value | -753 986 | 95 864 | -1 403 320 | -38 987 | 871 883 | 2 748 083 | |
Cash Flows Used In Acquiring Or Obtaining Control Subsidiaries Or Other Businesses Classified As Investing Activities | -1 151 515 | ||||||
Cash On Hand | 2 239 | 2 032 | 3 098 | 7 020 | 4 635 | 4 067 | |
Comprehensive Income Expense | 254 637 | 1 877 265 | 2 153 211 | 1 155 199 | 1 581 155 | 1 831 904 | 1 024 660 |
Comprehensive Income Expense Attributable To Owners Parent | 1 831 904 | 1 024 660 | |||||
Cost Sales | 18 776 848 | 21 312 017 | 27 810 259 | 24 705 060 | 24 390 494 | 23 382 112 | 23 826 494 |
Creditors | 313 994 | 163 121 | 147 245 | 6 813 191 | 6 622 493 | 6 011 898 | 5 405 472 |
Current Asset Investments | 1 551 | 1 551 | 1 551 | 1 551 | 1 551 | 1 551 | 1 551 |
Current Tax For Period | 452 043 | 426 407 | 510 116 | 87 371 | 244 687 | 377 210 | 324 412 |
Deferred Tax Assets | -55 541 | 29 721 | |||||
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws | -8 720 | -908 | 2 846 | 126 211 | |||
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences | -8 720 | -904 | -2 846 | 207 818 | 104 570 | 49 799 | 117 881 |
Deferred Tax Liabilities | 59 291 | 58 837 | 55 541 | 263 359 | 367 929 | 417 728 | 525 879 |
Depreciation Amortisation Expense | 336 887 | 281 911 | 411 824 | 304 031 | 591 081 | 623 991 | 605 476 |
Depreciation Expense Property Plant Equipment | 336 887 | 281 911 | 411 824 | 304 031 | 591 081 | 623 991 | 648 001 |
Disposals Decrease In Depreciation Impairment Property Plant Equipment | -119 369 | -52 730 | -832 163 | -477 855 | -288 346 | -149 | |
Disposals Property Plant Equipment | -622 182 | -68 702 | -832 520 | -484 021 | -293 152 | -7 150 | |
Distribution Average Number Employees | 64 | 65 | 68 | 70 | 68 | 61 | 71 |
Dividend Per Share Interim | 26 | 33 | 49 | 34 | 36 | 52 | 48 |
Dividends Paid | -338 948 | -271 000 | -330 500 | -245 000 | -256 000 | -375 000 | -369 000 |
Dividends Paid Classified As Financing Activities | -338 948 | -271 000 | -330 500 | -245 000 | -256 000 | -375 000 | -369 000 |
Dividends Paid On Shares Interim | 271 000 | 330 500 | 245 000 | 256 000 | 375 000 | 369 000 | |
Finance Lease Liabilities Present Value Total | 80 701 | 163 121 | 147 245 | ||||
Finished Goods Goods For Resale | 3 712 239 | 4 907 946 | 5 269 971 | 5 384 152 | 5 899 505 | 5 095 117 | 6 391 437 |
Fixed Assets | 12 210 951 | 12 891 005 | |||||
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities | -223 322 | 7 064 437 | 262 111 | -828 429 | -628 000 | ||
Further Item Debtors Component Total Debtors | 19 057 | ||||||
Gain Loss From Revaluation Property Plant Equipment Recognised In Profit Or Loss | 15 576 | -4 636 | |||||
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | 144 156 | 388 779 | -1 366 553 | 1 300 453 | 134 550 | -2 593 | -28 532 |
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | 108 502 | 865 144 | -273 569 | -206 660 | 139 297 | -234 468 | 734 626 |
Gain Loss In Cash Flows From Change In Inventories | 228 810 | 1 195 707 | 362 025 | 114 181 | 515 353 | -804 388 | 1 296 320 |
Gain Loss In Cash Flows From Change In Provisions | 58 427 | 2 169 | 2 346 | -517 | -721 | 124 | |
Gain Loss On Disposals Property Plant Equipment | 1 000 | 107 081 | 19 084 | 11 394 | 58 650 | 15 576 | 3 999 |
Gain Loss On Financial Assets Liabilities Fair Value Through Profit Or Loss | 464 758 | ||||||
Gain Loss On Revaluation Property Plant Equipment Net Tax In Other Comprehensive Income | -1 004 205 | ||||||
Gross Profit Loss | 5 643 677 | 6 000 489 | 7 972 697 | 6 115 046 | 6 090 746 | 6 636 973 | 6 760 621 |
Income Taxes Paid Refund Classified As Operating Activities | 254 397 | 496 800 | 425 841 | 610 910 | 150 812 | 351 027 | 277 832 |
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | 849 850 | -2 148 907 | 649 723 | 1 364 333 | 910 870 | 1 876 200 | -2 505 316 |
Increase Decrease In Current Tax From Adjustment For Prior Periods | 64 | -5 611 | -48 095 | ||||
Increase Decrease In Existing Provisions | -904 | -677 | 210 164 | 104 053 | 49 078 | 108 275 | |
Increase From Amortisation Charge For Year Intangible Assets | 32 278 | ||||||
Increase From Depreciation Charge For Year Property Plant Equipment | 281 911 | 411 825 | 304 031 | 591 082 | 623 990 | 605 476 | |
Intangible Assets | 521 049 | ||||||
Intangible Assets Gross Cost | 553 327 | ||||||
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 37 487 | 44 148 | 45 989 | 165 797 | 181 011 | 145 040 | 226 695 |
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss | 2 678 | 5 085 | 5 559 | ||||
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts | 7 564 | 3 056 | 8 948 | 6 724 | 6 945 | 6 550 | 4 654 |
Interest Income On Bank Deposits | 24 | 107 | 1 253 | 3 206 | |||
Interest Paid Classified As Financing Activities | -47 729 | -47 204 | -60 022 | -178 080 | -187 956 | -151 590 | -231 349 |
Interest Paid Classified As Operating Activities | 47 729 | 47 204 | 60 022 | 178 080 | 187 956 | 151 590 | 231 349 |
Interest Payable Similar Charges Finance Costs | 47 729 | 47 204 | 60 022 | 178 080 | 187 956 | 151 590 | 132 076 |
Interest Received Classified As Investing Activities | 24 | 167 | 811 | 1 253 | 3 195 | ||
Interest Received Classified As Operating Activities | 24 | 167 | 811 | 1 253 | 3 195 | ||
Investments Fixed Assets | 1 151 515 | ||||||
Investments In Subsidiaries | 1 151 515 | ||||||
Net Cash Flows From Used In Financing Activities | -784 446 | -540 472 | -622 604 | 6 556 866 | -129 090 | -1 348 865 | -1 199 550 |
Net Cash Flows From Used In Investing Activities | -180 354 | -1 245 131 | -2 695 341 | -5 291 489 | -669 499 | -390 810 | -1 278 336 |
Net Cash Flows From Used In Operating Activities | 1 814 650 | -363 304 | 3 967 668 | 98 956 | 1 709 459 | 3 615 874 | -27 430 |
Net Cash Generated From Operations | 2 069 047 | 133 496 | 4 393 509 | 709 866 | 1 860 271 | 3 966 901 | 250 402 |
Net Cash Inflow Outflow From Operations Before Movements In Working Capital | 2 550 515 | 2 524 699 | 3 113 243 | 1 915 494 | 2 649 988 | 2 969 570 | 2 252 692 |
Net Current Assets Liabilities | 4 251 958 | 4 694 405 | 4 197 963 | 6 985 420 | 8 086 051 | 9 197 790 | 8 675 758 |
Nominal Value Allotted Share Capital | 10 309 | 10 309 | 10 309 | 10 309 | 10 309 | 10 309 | |
Number Shares Issued Fully Paid | 10 309 | 10 309 | 10 309 | 10 309 | 10 309 | 10 309 | 309 |
Operating Profit Loss | 1 749 870 | 2 349 869 | 2 720 503 | 2 356 728 | 1 595 823 | ||
Other Comprehensive Income Expense Net Tax | -1 004 205 | ||||||
Other Creditors | -83 750 | 8 514 | 12 905 | 11 259 | 8 065 | 19 647 | 6 387 |
Other Current Asset Investments Balance Sheet Subtotal | 1 551 | 1 551 | 1 551 | 1 551 | 1 551 | 1 551 | 1 551 |
Other Employee Expense | 395 369 | 393 959 | 586 983 | 513 723 | 312 121 | 351 655 | 441 054 |
Other Finance Income | 60 | ||||||
Other Interest Receivable Similar Income Finance Income | 24 | 167 | 811 | 1 253 | 3 206 | ||
Other Operating Income Format1 | 75 582 | 51 723 | 8 057 | 5 875 | 303 167 | 2 090 | 528 |
Other Payables Accrued Expenses | 120 875 | 113 979 | 133 751 | 292 204 | 245 102 | 119 639 | 238 477 |
Other Remaining Borrowings | 6 217 | 6 920 | |||||
Other Remaining Operating Income | 75 582 | 51 723 | 8 057 | 5 875 | 303 167 | 2 090 | 528 |
Other Short-term Employee Benefits | 11 767 | 9 861 | 9 070 | 9 222 | 9 086 | ||
Par Value Share | 1 | 1 | 1 | 1 | 1 | 1 | |
Payments Finance Lease Liabilities Classified As Financing Activities | 10 152 | 100 678 | -8 761 | -84 491 | 52 755 | 6 154 | 28 096 |
Payments To Related Parties | 15 120 | 18 900 | 15 360 | 15 360 | 5 120 | 119 567 | |
Pension Costs Defined Contribution Plan | 130 685 | 121 718 | 151 306 | 85 505 | 113 867 | 123 672 | 138 982 |
Percentage Class Share Held In Subsidiary | 100 | ||||||
Prepayments | 522 723 | 402 036 | 500 052 | 160 149 | 398 000 | 386 213 | 601 029 |
Proceeds From Sales Property Plant Equipment | 1 600 | 609 894 | 35 056 | 11 751 | 64 816 | 20 382 | 11 000 |
Profit Loss | 1 258 842 | 1 877 265 | 2 153 211 | 1 155 199 | 1 581 155 | 1 831 904 | 1 025 173 |
Profit Loss Attributable To Owners Parent | 1 831 904 | 1 024 660 | |||||
Profit Loss On Ordinary Activities Before Tax | 1 702 165 | 2 302 832 | 2 660 481 | 1 444 777 | 1 930 412 | 2 210 818 | 1 466 953 |
Property Plant Equipment Gross Cost | 6 021 551 | 7 254 561 | 9 916 256 | 14 386 976 | 14 638 082 | 14 757 374 | 14 891 240 |
Provisions | 59 291 | 116 814 | 116 137 | 326 301 | 430 354 | 479 432 | 587 707 |
Provisions For Liabilities Balance Sheet Subtotal | 59 291 | 116 814 | 116 137 | 326 301 | 430 354 | 479 432 | 587 707 |
Purchase Intangible Assets | -553 327 | ||||||
Purchase Property Plant Equipment | -181 978 | -1 855 192 | -2 730 397 | -5 303 240 | -735 126 | -412 445 | -141 016 |
Redundancy Costs | 58 148 | 3 000 | |||||
Rental Income From Investment Property | 57 683 | 151 915 | 170 126 | ||||
Repayments Borrowings Classified As Financing Activities | -407 921 | -322 946 | -223 321 | ||||
Revenue From Rendering Services | 1 035 213 | 1 294 716 | |||||
Revenue From Sale Goods | 24 420 525 | 27 312 506 | 35 782 956 | 30 820 106 | 30 423 557 | 29 867 170 | 29 122 273 |
Social Security Costs | 141 789 | 169 473 | 251 069 | 202 513 | 197 543 | 202 903 | 253 365 |
Staff Costs Employee Benefits Expense | 2 353 328 | 2 625 156 | 3 664 393 | 2 979 174 | 2 812 406 | 2 782 811 | 3 301 593 |
Taxation Social Security Payable | 49 737 | 51 243 | 55 201 | 55 830 | 53 873 | 239 264 | 302 112 |
Tax Decrease Increase From Effect Revenue Exempt From Taxation | 19 | -28 | -25 | -5 | -23 | -101 | |
Tax Expense Credit Applicable Tax Rate | 340 433 | 449 052 | 505 491 | 274 508 | 366 778 | 420 055 | 278 721 |
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit | -48 095 | ||||||
Tax Increase Decrease From Effect Capital Allowances Depreciation | 15 910 | -24 149 | -2 846 | -4 857 | 6 299 | 32 266 | |
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 95 700 | 1 553 | 1 807 | 15 095 | -12 659 | 678 | 5 196 |
Tax Tax Credit On Profit Or Loss On Ordinary Activities | 443 323 | 425 567 | 507 270 | 289 578 | 349 257 | 378 914 | 397 888 |
Total Assets Less Current Liabilities | 8 169 462 | 9 682 377 | 11 488 535 | 19 274 844 | 20 513 354 | 21 408 741 | 21 566 763 |
Total Borrowings | 313 994 | 163 121 | 147 245 | 6 813 191 | 6 622 493 | 6 011 898 | 5 405 472 |
Total Operating Lease Payments | 40 748 | 26 971 | 49 349 | 75 486 | 37 937 | 14 575 | 9 907 |
Trade Creditors Trade Payables | 2 284 945 | 1 513 196 | 2 924 928 | 1 414 083 | 1 557 925 | 1 489 008 | 1 349 114 |
Trade Debtors Trade Receivables | 3 087 343 | 3 487 334 | 3 241 861 | 3 853 013 | 3 727 626 | 3 516 050 | 4 043 156 |
Turnover Revenue | 24 420 525 | 27 312 506 | 35 782 956 | 30 820 106 | 30 481 240 | 30 019 085 | 20 213 790 |
Wages Salaries | 1 685 485 | 1 940 006 | 2 675 035 | 2 167 572 | 2 121 657 | 2 092 359 | 2 459 106 |
Director Remuneration | 41 700 | 42 001 | 33 595 | 26 981 | 26 986 | 26 987 | 108 788 |
Number Directors Accruing Benefits Under Money Purchase Scheme | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
Type | Category | Free download | |
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AA |
Group of companies' report and financial statements (accounts) made up to 31st December 2022 filed on: 28th, September 2023 |
accounts | Free Download (39 pages) |
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