Tinkering Around With Cars Ltd
Registered name: TINKERING AROUND WITH CARS LTD
Tinkering Around With Cars Ltd made £28.5k revenue and a £20.3k loss in the year to 31 Jul 2023.
Tinkering Around With Cars Ltd’s revenue was £28.5k in the year to 31 Jul 2023, with a loss of £20.3k and 0 employees. The company is classified under “maintenance and repair of motor vehicles” and is based in Launceston; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Launceston, South West
- Age
- 7 yrs · since 2018
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Jul 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £24k | £28.5k |
| Profit after tax | −£15.7k | −£20.3k |
| Profit (best available) | −£15.7k | −£20.3k |
| Employees (average) | — | 0 |
| Ratios | ||
| Profit margin | −65.2% | −71.2% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | −£66.6k | −£250 |
| Fixed assets | £0 | — |
| Current assets | £21.5k | — |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 |
How the business works
- Profit margin
- −71.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£250
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 Jul 2023 (profit −£20.3k), from the Companies House accounts bulk data published Feb 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.