Picow Engineering Group Ltd. in Cheshire, WA1 1JW

Description

Data updated on: 01-11-2023

The Picow Engineering Group Ltd. firm has been operating on the market for nineteen years, as it's been founded in 2005. Registered with number 05519499, Picow Engineering Group is categorised as a Private Limited Company with office in 8 Winmarleigh Street, Cheshire WA1 1JW. The company is known under the name of Picow Engineering Group Ltd.. However, the company also was registered as Colour Power up till the name got changed 13 years from now. The company's classified under the NACE and SIC code 70100 which stands for Activities of head offices. The company's most recent financial reports describe the period up to 2022-12-31 and the most current confirmation statement was filed on 2023-07-27.

This business owes its achievements and constant improvement to a team of four directors, namely Stephen B., Paul A., Mark J. and Barry H., who have been guiding the firm since June 2022. In addition, the director's responsibilities are often supported by a secretary - Mark J., who was appointed by the following business in 2017.

Previous company's names
Picow Engineering Group Ltd. 2011-11-24
Colour Power Ltd 2005-07-27

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 110 294	2 938 664	2 684 281	2 079 942	645 422	1 636 435	2 451 956	2 825 782
Current Assets	1 110 294	2 947 768	2 695 625	2 080 599	646 079	1 652 136	2 458 656	2 827 574
Debtors		9 104	11 344	657	657	15 701	6 700	1 792
Net Assets Liabilities	211 883	23 993	53 802	1 081 289	857 456	1 047 124	2 063 819	1 468 762
Other Debtors		9 104	11 344	657	657	15 701	6 700	1 501

Other Financial Data
Audit Fees Expenses	12 000	12 000	12 000	12 750	12 750	12 750
Other Non-audit Services Fees	22 944	41 957	23 204	17 973	20 004	21 926
Director Remuneration	285 933	267 467	206 583	1 484 316	150 000	94 500
Number Directors Accruing Benefits Under Defined Benefit Scheme		3	3	3	3	2
Number Directors Accruing Benefits Under Money Purchase Scheme	3	3
Accumulated Amortisation Impairment Intangible Assets	749 800	824 800	899 800	1 199 400	1 499 000
Amortisation Expense Intangible Assets	75 000	75 000	75 000	299 600	299 600
Amounts Owed To Group Undertakings	1 331 606	3 380 001	3 095 490	1 270 059	215 474	1 022 208	673 479	1 552 595
Applicable Tax Rate	20	20	19	19	19	19
Average Number Employees During Period	99	92	92	118	117	103	108	108
Comprehensive Income Expense	21 278	36 267	60 109	1 027 487	966 267	746 668	1 116 695	4 543
Corporation Tax Payable	5 625	8 995	5 449	6 448	6 574	10 947	4 175	2 181
Creditors	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000
Cumulative Preference Share Dividends Unpaid	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000
Current Tax For Period	204 093	305 984	441 012	260 072	413 705	311 939
Depreciation Expense Property Plant Equipment	9 212	16 316	8 088	11 297	13 375	13 622
Dividends Paid	72 000	224 157	30 000		1 190 000	557 000	100 000	600 000
Dividends Paid On Shares	72 000	224 157	30 000		1 190 000	557 000
Dividends Paid On Shares Interim	72 000	41 887			290 000	60 000
Fixed Assets	1 500 200	1 500 200	1 500 200	1 500 200	1 500 200	1 500 200	1 500 000	1 500 100
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax			-1 562 755		100
Further Item Interest Expense Component Total Interest Expense	8 636
Gain Loss On Disposals Property Plant Equipment	2 400		8 900		1 328
Increase From Amortisation Charge For Year Intangible Assets		75 000	75 000	299 600	299 600
Intangible Assets	749 200	674 200	599 200	299 600
Intangible Assets Gross Cost	1 499 000	1 499 000	1 499 000	1 499 000	1 499 000
Interest Expense On Bank Overdrafts	830	1 233	2 686	3 248	1 961	4 331
Interest Payable Similar Charges Finance Costs	209 466	201 233	202 686	203 248	202 267	205 600
Investments Fixed Assets	1 500 200	1 500 200	1 500 200	1 500 200	1 500 200	1 500 200	1 500 000	1 500 100
Investments In Group Undertakings	1 500 200	1 500 200	1 500 200	1 500 200	1 500 200	1 500 200	1 500 000	1 500 100
Issue Equity Instruments			-300					400
Net Assets Liabilities Subsidiaries	-100	-100	-100	-100	-100	-2 087 737	-2 316 433
Net Current Assets Liabilities	-288 317	-476 207	-446 398	581 089	357 256	546 924	1 563 819	968 662
Number Shares Issued Fully Paid		1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000	1 000 000
Other Deferred Tax Expense Credit	-993	2 527	-2 130	1 130	2 014	5 029
Other Taxation Social Security Payable	22 701	31 849	19 492	171 129	35 076	66 308	73 446	71 672
Par Value Share		1	1	1	1	1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	109 744	123 400	317 379	78 860	82 917	84 081
Percentage Class Share Held In Subsidiary		100	100	100	100	100	100	100
Profit Loss	505 599	36 267	1 622 864	544 622	2 028 027	746 668	1 116 695	4 543
Profit Loss On Ordinary Activities Before Tax	708 699	1 239 545	1 964 460	805 824	1 624 776	1 445 721
Profit Loss Subsidiaries	759 321	1 169 767	1 777 713	1 016 735	1 680 630	1 282 085	1 528 696
Social Security Costs	384 370	350 089	364 922	630 896	455 801	391 751
Staff Costs Employee Benefits Expense	4 121 420	3 916 980	4 249 414	6 600 084	5 185 519	4 543 184
Tax Expense Credit Applicable Tax Rate	143 483	247 909	378 159	153 107	308 707	274 687
Tax Increase Decrease From Effect Capital Allowances Depreciation	1 006	-3 152	-1 636	-1 186	-2 014	-3 161
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	4 260	6 227	7 779	13 227	12 340	2 413
Tax Tax Credit On Profit Or Loss On Ordinary Activities	203 100	308 511	438 882	261 202	415 719	316 968
Total Assets Less Current Liabilities	1 211 883	1 023 993	1 053 802	2 081 289	1 857 456	2 047 124	3 063 819	2 468 762
Total Operating Lease Payments	32 010	57 046	83 749	111 917	108 205	107 538
Wages Salaries	3 627 306	3 443 491	3 567 113	5 890 328	4 646 801	4 067 352
Further Operating Expense Item Component Total Operating Expenses						423 063
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts					306	1 269
Other Creditors					7 205