Car Gadgets Ltd

Car Gadgets Ltd, based in London UK, is a small, active company founded five years ago in May 2019. It’s a solo-founder operation with one director and one employee, holding £256,053 in assets and operating from a virtual address shared by fifty-two other companies. The business runs an e-commerce site specializing in car accessories, offering "genuine accessories from the manufacturer" and boasting free UK shipping over £85. It’s also an irregular importer of vehicles, parts, and accessories, with its last import operation recorded one month ago in March 2024.

The website, Car Accessories Plus, is clearly geared towards online retail, with a wide range of products from alloy wheels to air fresheners, catering to various vehicle makes and models. It even offers a selection of brands and has a blog with articles on topics like traffic cameras and Dacia's YouClip system. The site’s design emphasizes ease of navigation, with country-specific pricing and shipping options—a nice touch for international customers.

Financially, Car Gadgets Ltd presents a mixed picture. While current assets increased by 11% to £260,000, equity took a hit, decreasing by 10% to £140,000. Creditors rose by 57% to £110,000, and taxation and social security payable also increased significantly. Bank borrowings remain unchanged. The company meets two of three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The unaudited accounts, prepared using Taxfiler software, are exempt from audit.

The increase in creditors, alongside the decrease in equity, suggests the company might be burning through cash to fuel growth—although it’s hard to say for sure without more detailed information. The reliance on a virtual address, shared by so many other businesses, is a bit concerning, but it's a common practice for small startups. Overall, Car Gadgets Ltd seems to be a small, e-commerce focused business navigating the challenges of growth—hopefully, the solo founder can keep things on track.

Registered in England/Wales under the registration number 12016246, with a registered address at SE1 2RE, United Kingdom, London, C/O B&F Services, 3 More London Riverside.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.