- Companies
- Motor traders
- Newark
- Ib Cars & Valeting Ltd
Ib Cars & Valeting Ltd
- Company number
- 10091011
- Incorporated
- 30 Mar 201610 years trading
- Registered office
- I&B Cars Ltd, Queens Road, Newark, NG24 1HB
- Nature of business
- Sale of used cars and light motor vehicles; Maintenance and repair of motor vehicles
Ib Cars & Valeting Ltd is a 10-year-old private limited company registered in Newark, company number 10091011, one of 59 motor trade companies in Newark. Its next accounts are due at Companies House on 30 November 2026, and the CT600 for the period to 28 February 2026 is due at HMRC on 28 February 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 £2,729 (+1.9%) on the year before, to £150K.
- Net assets rose in 7 of 8 year-on-year comparisons on record.
- Current assets of £106K against £17K owed within a year: 6.2 times cover.
- 8 employees on average, down from 9 the year before.
- Balance sheets on record for 9 years, 2017 to 2025.
Net assets by year
| Year end | Net assets | Cash | Current assets | Owed within a year | Employees |
|---|---|---|---|---|---|
| 28 Feb 2025 | £150K | £106K | £17K | 8 | |
| 28 Feb 2024 | £147K | £124K | £82K | 9 | |
| 28 Feb 2023 | £43K | £1,350 | £1,350 | £30K | 7 |
| 28 Feb 2022 | £158K | £129K | £32K | 10 | |
| 28 Feb 2021 | £129K | £105K | £19K | 8 | |
| 28 Feb 2020 | £85K | £63K | £173K | 6 | |
| 28 Feb 2019 | £24K | £46K | £28K | ||
| 28 Feb 2018 | £21K | £41K | £27K | ||
| 28 Feb 2017 | £7,861 | £20K | £19K |
Where Ib Cars & Valeting Ltd is registered
The registered office is in Newark (NG24), in the Newark and Sherwood local authority area, East Midlands. Show NG24 1HB on a map.
Other trade companies in NG24
- Precision Interior Projects LtdPlumbers and heating engineers
- GVL Commercial Services LtdMechanics and garages
- Alliance Trading & Motors LtdMotor traders
- Laurenta & Co LtdProperty developers
- Bolmar Group LtdSpecialist contractors
- Notts Developments LtdBuilders
- Aib Holdings LtdBuilders
- Snutch Commercial LtdMechanics and garages
What happens if Ib Cars & Valeting Ltd 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 November 2026.
| Companies House | Accounts delivered | Penalty |
|---|---|---|
| Up to 1 month late | 1 Dec 2026 to 31 Dec 2026 | £150 |
| 1 to 3 months late | 1 Jan 2027 to 28 Feb 2027 | £375 |
| 3 to 6 months late | 1 Mar 2027 to 31 May 2027 | £750 |
| More than 6 months late | From 1 Jun 2027 | £1,500 |
Penalties double if the accounts were also late the year before.
| HMRC (CT600) | From | Penalty |
|---|---|---|
| 1 day late | 1 Mar 2027 | £200 |
| 3 months late | 28 May 2027 | another £200 |
| 6 months late | 28 Aug 2027 | HMRC estimates the tax and adds 10% of the unpaid tax |
| 12 months late | 28 Feb 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
- 10091011
- Status
- Active
- Company type
- Private limited company
- Incorporated
- 30 March 2016 (10 years ago)
- Registered office
- I&B Cars Ltd, Queens Road, Newark, NG24 1HB
- Nature of business
- Sale of used cars and light motor vehicles (SIC 45112)
Maintenance and repair of motor vehicles (SIC 45200) - Year end
- 28 February (accounting reference date)
- Accounts type
- Unaudited abridged
- Last accounts made up to
- 28 February 2025
- Last confirmation statement
- 9 February 2026
- Charges (mortgages)
- 2 outstanding of 2 registered
- Previous names
- I & B Cars Valeting Ltd (until 26 Oct 2023)
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 Newark
Other active motor trade companies registered in Newark.
- Karnival Kars Ltd2026
- Kennysclassiccars Ltd2024
- KW Motors Tmis Ltd2025
- LM Motors Group Ltd2022
- Moto Legends Distribution Limited2008
- Motorcycle Investment Services Ltd2018
- Motorfinity Group Limited2017
- N.C.V. Properties Limited1995
All motor trade companies in Newark · All trades in Newark · Motor traders across the UK
Frequently asked questions
When are Ib Cars & Valeting Ltd's accounts due?
Ib Cars & Valeting Ltd's next accounts are due at Companies House by 30 November 2026 (in 48 days), covering the period to 28 February 2026.
When is Ib Cars & Valeting Ltd's CT600 due?
The CT600 for the period to 28 February 2026 is due at HMRC by 28 February 2027, 12 months after the period end. The corporation tax itself is payable earlier, by 1 December 2026.
Is Ib Cars & Valeting Ltd still trading?
Ib Cars & Valeting Ltd 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 Ib Cars & Valeting Ltd do?
Ib Cars & Valeting Ltd is registered under Sale of used cars and light motor vehicles (SIC 45112); Maintenance and repair of motor vehicles (SIC 45200).
How old is Ib Cars & Valeting Ltd?
Ib Cars & Valeting Ltd was incorporated on 30 March 2016, 10 years ago.
What is the penalty if Ib Cars & Valeting Ltd 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 Ib Cars & Valeting Ltd 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.