- Companies
- Motor traders
- Formula Cars Limited
Formula Cars Limited
- Company number
- NI028205
- Incorporated
- 3 Mar 199432 years trading
- Registered office
- 53 Upper Dromore Road, Warrenpoint, Co. Down, BT34 3PN
- Nature of business
- Sale of used cars and light motor vehicles
Formula Cars Limited is a 32-year-old private limited company registered in Co. Down, company number NI028205, one of the UK's motor trade companies. Its next accounts are due at Companies House on 28 February 2027, and the CT600 for the period to 31 May 2026 is due at HMRC on 31 May 2027.
Key dates
Worked out from the year end and filing history on the Companies House register.
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Finances
From each year's balance sheet filed at Companies House. Small companies do not have to publish turnover or profit, so these are balance sheet figures.
- Net assets up £51K (+3.2%) on the year before, to £1.6M.
- Net assets rose in 8 of 9 year-on-year comparisons on record.
- Current assets of £2.2M against £564K owed within a year: 3.9 times cover.
- 1 employee on average during the year.
- Balance sheets on record for 10 years, 2016 to 2025.
Net assets by year
| Year end | Net assets | Cash | Current assets | Owed within a year | Employees |
|---|---|---|---|---|---|
| 31 May 2025 | £1.6M | £380K | £2.2M | £564K | 1 |
| 31 May 2024 | £1.6M | £225K | £1.9M | £366K | 1 |
| 31 May 2023 | £1.4M | £403K | £1.7M | £323K | 3 |
| 31 May 2022 | £1.5M | £430K | £2M | £543K | 4 |
| 31 May 2021 | £1.4M | £680K | £2M | £640K | 4 |
| 31 May 2020 | £784K | £143 | £1.4M | £643K | 1 |
| 31 May 2019 | £601K | £200 | £1.2M | £605K | 1 |
| 31 May 2018 | £478K | £200 | £783K | £314K | |
| 31 May 2017 | £469K | £200 | £913K | £453K | |
| 31 May 2016 | £466K | £637K | £181K |
Where Formula Cars Limited is registered
The registered office is in Co. Down (BT34), in the Newry, Mourne and Down local authority area, Northern Ireland. Show BT34 3PN on a map.
Other trade companies in BT34
- JMP Live LimitedElectricians
- SSL Solar & Electrical LimitedElectricians
- Ocn Construction LtdBuilders
- Warren Properties Ireland LimitedBuilders
- Rog Electrical LtdElectricians
- DMN Mechanics LimitedMotor traders
- M & M Consultants Ire LtdSpecialist contractors
- C Quinn Contracts LtdBuilders
Also registered at this address
2 other companies use the same registered office as Formula Cars Limited.
- Del Autos LtdMechanics and garages
- Konrad Developments LtdFinishing trades
What happens if Formula Cars Limited files late
Companies House charges an automatic penalty the day after the deadline, and it rises the longer the accounts are late. These are the dates for this company's accounts due on 28 February 2027.
| Companies House | Accounts delivered | Penalty |
|---|---|---|
| Up to 1 month late | 1 Mar 2027 to 31 Mar 2027 | £150 |
| 1 to 3 months late | 1 Apr 2027 to 31 May 2027 | £375 |
| 3 to 6 months late | 1 Jun 2027 to 31 Aug 2027 | £750 |
| More than 6 months late | From 1 Sep 2027 | £1,500 |
Penalties double if the accounts were also late the year before.
| HMRC (CT600) | From | Penalty |
|---|---|---|
| 1 day late | 1 Jun 2027 | £200 |
| 3 months late | 31 Aug 2027 | another £200 |
| 6 months late | 30 Nov 2027 | HMRC estimates the tax and adds 10% of the unpaid tax |
| 12 months late | 31 May 2028 | another 10% of any unpaid tax |
For returns filed on or after 1 April 2026. Late three times in a row and the £200 penalties become £1,000 each.
Company details
As held on the Companies House register.
- Company number
- NI028205
- Status
- Active
- Company type
- Private limited company
- Incorporated
- 3 March 1994 (32 years ago)
- Registered office
- 53 Upper Dromore Road, Warrenpoint, Co. Down, BT34 3PN
- Nature of business
- Sale of used cars and light motor vehicles (SIC 45112)
- Year end
- 31 May (accounting reference date)
- Accounts type
- Unaudited abridged
- Last accounts made up to
- 31 May 2025
- Last confirmation statement
- 3 March 2026
Filing notes for motor trade companies
Motor trade companies hold vehicle stock, and how that stock is valued at the year end moves the profit directly. Some use the VAT margin scheme.
Similar companies
Other active motor trade companies.
Frequently asked questions
When are Formula Cars Limited's accounts due?
Formula Cars Limited's next accounts are due at Companies House by 28 February 2027 (in 138 days), covering the period to 31 May 2026.
When is Formula Cars Limited's CT600 due?
The CT600 for the period to 31 May 2026 is due at HMRC by 31 May 2027, 12 months after the period end. The corporation tax itself is payable earlier, by 1 March 2027.
Is Formula Cars Limited still trading?
Formula Cars Limited is listed as active on the Companies House register as of 1 Oct 2026. Active means it has not been dissolved or entered insolvency; it does not show whether it is currently taking on work.
What does Formula Cars Limited do?
Formula Cars Limited is registered under Sale of used cars and light motor vehicles (SIC 45112).
How old is Formula Cars Limited?
Formula Cars Limited was incorporated on 3 March 1994, 32 years ago.
What is the penalty if Formula Cars Limited files its accounts late?
Companies House charges £150 if the accounts are up to 1 month late, £375 up to 3 months, £750 up to 6 months and £1,500 after that, doubled if the previous year's accounts were also late. HMRC charges £200 for a CT600 filed a day late and another £200 at 3 months.
Official records
View Formula Cars Limited on Companies House for filed documents, officers and the full history.
Based on the Companies House register (snapshot 1 Oct 2026). Deadlines are worked out from the register and assume a standard accounting period; a change of year end or a short period moves them. This page is general information, not tax or accountancy advice.