- Companies
- Motor traders
- Glasgow
- Formula One Car Centre Limited
Formula One Car Centre Limited
- Company number
- SC305930
- Incorporated
- 26 Jul 200620 years trading
- Registered office
- 2 Victoria Place, Rutherglen, Glasgow, G73 2JP
- Nature of business
- Sale of used cars and light motor vehicles
Formula One Car Centre Limited is a 20-year-old private limited company registered in Glasgow, company number SC305930, one of 405 motor trade companies in Glasgow. Its next accounts are due at Companies House on 30 April 2027, and the CT600 for the period to 31 July 2026 is due at HMRC on 31 July 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 £57K (+1.6%) on the year before, to £3.7M.
- Net assets rose in 9 of 9 year-on-year comparisons on record.
- Current assets of £5.2M against £1.6M owed within a year: 3.3 times cover.
- 7 employees 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 Jul 2025 | £3.7M | £98K | £5.2M | £1.6M | 7 |
| 31 Jul 2024 | £3.6M | £135K | £5.1M | £1.5M | 7 |
| 31 Jul 2023 | £3.3M | £177K | £4.9M | £1.6M | 6 |
| 31 Jul 2022 | £3M | £229K | £4.1M | £1.1M | 5 |
| 31 Jul 2021 | £1.6M | £468K | £2.8M | £1.2M | 5 |
| 31 Jul 2020 | £1.2M | £48K | £2M | £683K | 5 |
| 31 Jul 2019 | £1M | £43K | £1.7M | £723K | 5 |
| 31 Jul 2018 | £890K | £172K | £1.8M | £941K | 5 |
| 31 Jul 2017 | £592K | £24K | £1.3M | £716K | 5 |
| 31 Jul 2016 | £423K | £1,942 | £885K | £472K |
Where Formula One Car Centre Limited is registered
The registered office is in Glasgow (G73), in the South Lanarkshire local authority area, Scotland. Show G73 2JP on a map.
Other trade companies in G73
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- Clark-Computing LtdRepair services
- Done & Dusted Cleaning Services (Ayrshire) LtdCleaning companies
- Studio Cooke LtdProperty developers
- Azbell Engineering and Construction LtdCivil engineering
- FM Cleaning and Maintenance Services LtdCleaning companies
- VTS (Glasgow) LtdMachinery repair and installation
- Dalmarnock Car Sales LimitedMotor traders
Also registered at this address
8 other companies use the same registered office as Formula One Car Centre Limited.
- Bedrock Retro Dubs LtdMechanics and garages
- Car Finance 4 U LtdMotor traders
- Crunachy Hydro LtdElectricians
- Elite Custom Exhausts LtdMechanics and garages
- Entryamber LimitedMotor traders
- Ferguslie Garage LtdMechanics and garages
- Nels Garage LtdMechanics and garages
- Property Asset Developments LtdProperty developers
What happens if Formula One Car Centre 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 30 April 2027.
| Companies House | Accounts delivered | Penalty |
|---|---|---|
| Up to 1 month late | 1 May 2027 to 31 May 2027 | £150 |
| 1 to 3 months late | 1 Jun 2027 to 31 Jul 2027 | £375 |
| 3 to 6 months late | 1 Aug 2027 to 31 Oct 2027 | £750 |
| More than 6 months late | From 1 Nov 2027 | £1,500 |
Penalties double if the accounts were also late the year before.
| HMRC (CT600) | From | Penalty |
|---|---|---|
| 1 day late | 1 Aug 2027 | £200 |
| 3 months late | 31 Oct 2027 | another £200 |
| 6 months late | 31 Jan 2028 | HMRC estimates the tax and adds 10% of the unpaid tax |
| 12 months late | 31 Jul 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
- SC305930
- Status
- Active
- Company type
- Private limited company
- Incorporated
- 26 July 2006 (20 years ago)
- Registered office
- 2 Victoria Place, Rutherglen, Glasgow, G73 2JP
- Nature of business
- Sale of used cars and light motor vehicles (SIC 45112)
- Year end
- 31 July (accounting reference date)
- Accounts type
- Total exemption (full)
- Last accounts made up to
- 31 July 2025
- Last confirmation statement
- 26 July 2026
- Charges (mortgages)
- 2 outstanding of 2 registered
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 in Glasgow
Other active motor trade companies registered in Glasgow.
- Forsythia Group Limited2022
- FP Racing Ltd2004
- Fusion Auto Solutions Limited2025
- Fusion Graffix Ltd.2011
- Futura Motor Ltd2022
- G1 Sales Ltd2026
- G7 Car Sales Ltd2025
- G71 Recovery Services Ltd2025
All motor trade companies in Glasgow · All trades in Glasgow · Motor traders across the UK
Frequently asked questions
When are Formula One Car Centre Limited's accounts due?
Formula One Car Centre Limited's next accounts are due at Companies House by 30 April 2027 (in 199 days), covering the period to 31 July 2026.
When is Formula One Car Centre Limited's CT600 due?
The CT600 for the period to 31 July 2026 is due at HMRC by 31 July 2027, 12 months after the period end. The corporation tax itself is payable earlier, by 1 May 2027.
Is Formula One Car Centre Limited still trading?
Formula One Car Centre 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 One Car Centre Limited do?
Formula One Car Centre Limited is registered under Sale of used cars and light motor vehicles (SIC 45112).
How old is Formula One Car Centre Limited?
Formula One Car Centre Limited was incorporated on 26 July 2006, 20 years ago.
What is the penalty if Formula One Car Centre 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 One Car Centre 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.