South West Metal Finishing Limited in Exeter, EX2 8TJ

Description

Data updated on: 01-11-2023

02246273 is a registration number for South West Metal Finishing Limited. It was registered as a Private Limited Company on 1988/04/20. It has been active on the market for the last 36 years. This company can be found at Alphinbrook Road Alphington in Exeter. The zip code assigned is EX2 8TJ. This business's Standard Industrial Classification Code is 25990, that means Manufacture of other fabricated metal products n.e.c.. South West Metal Finishing Ltd filed its latest accounts for the period up to 2022/03/31. The firm's most recent annual confirmation statement was submitted on 2023/02/28.

With two job offers since 25th November 2014, the company has been a quite active employer on the labour market. On 16th September 2015, it was recruiting job candidates for a full time Paint Sprayer post in Exeter, and on 25th November 2014, for the vacant post of a full time Operations Manager – Wiltshire in Corsham.

Current directors enumerated by the following business are as follow: Nick K. assigned this position in 2022, Lyndon F. assigned this position in 2019 in April, Damon G. assigned this position in 2019 and 3 others listed below. In addition, the director's responsibilities are regularly backed by a secretary - Jacqueline J., who was appointed by the business in August 2006.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	281 263	215 720	189 092	567 606	1 015 600	223 067	125 872
Current Assets	3 889 089	3 801 628	4 106 913	4 146 390	4 628 204	4 017 237	3 608 650
Debtors	3 461 158	3 442 434	3 766 083	3 392 708	3 377 575	3 578 109	3 258 194
Net Assets Liabilities	3 641 618	3 816 811	4 064 869	4 198 944	4 069 910	3 691 570	3 277 530
Other Debtors	48 732	98 335	109 794	108 418	206 817	205 538	57 267
Property Plant Equipment	2 660 745	2 480 649	2 421 520	2 380 338	2 415 837	2 630 350	2 751 420
Total Inventories	146 668	143 474	151 738	186 076	235 029	216 061	224 584

Other Financial Data
Audit Fees Expenses	8 500	8 500	8 500	8 500	8 500	8 500	8 500
Accumulated Amortisation Impairment Intangible Assets			619	1 238	1 857	2 476	3 301
Accumulated Depreciation Impairment Property Plant Equipment	3 903 437	4 227 433	4 438 815	4 693 962	4 953 325	2 170 761	2 371 941
Additions Other Than Through Business Combinations Property Plant Equipment		204 439		317 150	339 117	525 646	453 931
Administration Support Average Number Employees	41	56	58	62	54	53	50
Administrative Expenses	2 588 220	2 849 426	3 236 363	3 396 133	2 781 272	2 412 052	2 786 299
Amortisation Expense Intangible Assets			619	619	619	619	825
Amounts Owed By Related Parties	1 539 698	1 772 781	1 968 690	1 350 681	1 705 524	1 955 530	1 849 731
Amounts Owed To Related Parties	149 740	62 254		76 909		129 672	169 272
Applicable Tax Rate	20	19	19	19	19	19	19
Average Number Employees During Period	127	145	149	163	147	140	139
Balances With Banks	184	185
Bank Borrowings	214 523	451 472	401 604	348 507	1 127 362	904 715	653 172
Bank Borrowings Overdrafts	-531 518	-334 715
Bank Overdrafts	531 518	334 715	198 157	236 913	71 776	379 379	537 868
Cash Cash Equivalents	281 263	215 720
Cash On Hand	-2	68
Comprehensive Income Expense	146 611	175 193	248 058	134 075	-129 034	-378 340	-414 040
Corporation Tax Payable			46 104			28 592
Cost Inventories Recognised As Expense Net Write Downs Reversals	770 822	765 218
Cost Sales	3 524 758	3 587 127	4 032 053	4 703 231	3 770 467	3 700 412	4 044 435
Creditors	615 248	752 283	620 035	537 349	1 242 097	1 007 196	800 479
Current Tax For Period	34 085	27 999	52 412
Deferred Income	99 948	99 948	99 948	99 948	99 948	99 948	91 795
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period	-11 210	2 390	15 198	17 186	23 765	89 896	-23 469
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-11 210	2 390	15 198	17 186	23 765	89 896	-23 469
Deferred Tax Liabilities	267 688	270 078	285 276	302 462	326 227	416 131	392 654
Depreciation Expense Property Plant Equipment	321 806	363 795	310 799	317 187	293 372	283 775	297 277
Disposals Decrease In Depreciation Impairment Property Plant Equipment		-39 799		-62 040	-34 009	-3 066 339	-96 096
Disposals Property Plant Equipment		-60 539		-103 185	-44 255	-3 093 697	-131 681
Distribution Average Number Employees	4	5	4	4	2	3	3
Distribution Costs	238 347	304 389	330 896	320 183	223 406	249 822	272 727
Finance Lease Liabilities Present Value Total	112 679	109 037	110 058	113 523	61 100	13 351	33 882
Finance Lease Payments Owing Minimum Gross	400 912	309 900	237 730	209 374	77 348	16 248	96 383
Fixed Assets			2 429 155	2 387 354	2 422 234	2 636 128	2 756 373
Further Item Creditors Component Total Creditors	112 717	238 452	182 705	121 431	33 333	22 718
Further Item Debtors Component Total Debtors		7 207		744	29 132
Further Revenue Item Component Total Revenue	36 905	44 470	24 447
Future Minimum Lease Payments Under Non-cancellable Operating Leases			31 161	19 475	7 790
Gain Loss On Disposals Property Plant Equipment	-767	5 260	-4 560	3 885	-996	-22 567	12 543
Government Grant Income	36 905	44 470	24 447		183 621	151 265	600
Gross Profit Loss	2 863 769	3 027 379	3 812 882	3 577 531	2 072 060	2 056 449	2 580 515
Increase Decrease In Current Tax From Adjustment For Prior Periods		-62 895		-1 300	-60 317	2 508	-2 019
Increase Decrease In Existing Provisions		2 390		17 186	23 765	89 896	-23 469
Increase From Amortisation Charge For Year Intangible Assets				619	619	619	825
Increase From Depreciation Charge For Year Property Plant Equipment		363 795		317 187	293 372	283 775	297 276
Intangible Assets			7 635	7 016	6 397	5 778	4 953
Intangible Assets Gross Cost			8 254	8 254	8 254	8 254	8 254
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	7 887	10 182	5 603	9 031	1 205	8 893	17 781
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss	13 302	14 068	17 438	14 100	9 806	26 899	43 215
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	9 002	11 611	10 384	11 459	8 758	4 732	2 179
Interest Income On Bank Deposits	79	33	189	461	171	75
Interest Payable Similar Charges Finance Costs	30 191	35 861	33 425	34 590	19 769	40 524	63 175
Minimum Operating Lease Payments Recognised As Expense			5 843	13 711	11 685	7 790
Net Current Assets Liabilities	1 863 809	2 358 523	2 541 025	2 651 401	3 216 000	2 478 761	1 714 290
Number Shares Issued Fully Paid	300 000	300 000	300 000	300 000	300 000	300 000	300 000
Operating Profit Loss	199 598	178 243	348 903	184 090	-145 988	-245 885	-376 473
Other Creditors	25 496	25 120	56 166	47 391	38 532	43 757	37 710
Other Employee Expense	41 529	26 777	6 778	21 245	-765	-1 290	41 238
Other Finance Income		272	1			398	120
Other Interest Receivable Similar Income Finance Income	79	305	190	461	171	473	120
Other Operating Income Format1	162 396	304 679	103 280	322 875	786 630	359 540	102 038
Other Payables Accrued Expenses	315 505	28 032	153 444	74 213	53 764	33 716	5 000
Other Remaining Borrowings	12 544	12 544
Other Remaining Operating Income	162 396	304 679	103 280	322 875	603 009	208 275	101 438
Par Value Share		1		1	1	1	1
Pension Costs Defined Contribution Plan	86 653	87 797	211 607	151 515	164 864	153 499	188 539
Prepayments Accrued Income			3 896	53 996	71 107	37 333	65 468
Production Average Number Employees	82	84	87	97	91	84	86
Profit Loss	146 611	175 193	248 058	134 075	-129 034	-378 340	-414 040
Profit Loss On Ordinary Activities Before Tax	169 486	142 687	315 668	149 961	-165 586	-285 936	-439 528
Property Plant Equipment Gross Cost	6 564 182	6 708 082	6 860 335	7 074 300	7 369 162	4 801 111	5 123 361
Provisions	267 688	270 078	285 276	302 462	326 227	416 123	392 654
Provisions For Liabilities Balance Sheet Subtotal	267 688	270 078	285 276	302 462	326 227	416 123	392 654
Raw Materials Consumables	146 668	143 474	151 738	186 076	235 029	216 061	224 584
Revenue From Rendering Services	43 608	35 675	91 771	97 672	62 738
Revenue From Sale Goods	6 308 014	6 534 361	7 728 717	8 183 090	5 842 528	5 756 861	6 624 950
Short-term Deposits Classified As Cash Equivalents	281 081	215 467
Social Security Costs	293 578	401 536	390 422	438 328	340 942	294 971	334 866
Staff Costs Employee Benefits Expense	3 727 847	4 117 108	4 723 496	5 222 445	4 350 864	3 829 962	4 162 201
Taxation Social Security Payable	284 156	408 954	442 643	373 308	500 587	275 256	282 766
Tax Decrease From Utilisation Tax Losses				-15 682	52 384	45 529	47 878
Tax Expense Credit Applicable Tax Rate	33 897	27 111	59 977	-5 707	-31 461	-54 328	-83 510
Tax Increase Decrease Arising From Group Relief Tax Reconciliation					52 384	58 574	103 978
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-75 291
Tax Increase Decrease From Effect Capital Allowances Depreciation	-1 163	-402	-17 332	-13 496	-20 560	-50 130	-72 480
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 351	13 686	9 767	1 734	79	279	759
Tax Increase Decrease From Other Short-term Timing Differences				-1 049	-442	76	3 375
Tax Tax Credit On Profit Or Loss On Ordinary Activities	22 875	-32 506	67 610	15 886	-36 552	92 404	-25 488
Total Assets Less Current Liabilities	4 524 554	4 839 172	4 970 180	5 038 755	5 638 234	5 114 889	4 470 663
Total Borrowings	515 300	652 335	520 087	437 401	1 142 149	907 248	708 684
Trade Creditors Trade Payables	446 769	393 734	494 938	509 688	454 414	397 205	573 803
Trade Debtors Trade Receivables	1 868 832	1 560 215	1 683 703	1 878 869	1 364 995	1 379 708	1 285 728
Turnover Revenue	6 388 527	6 614 506	7 844 935	8 280 762	5 842 527	5 756 861	6 624 950
Unpaid Contributions To Pension Schemes	9 356	10 663	23 399	17 879	15 553	15 951	27 406
Wages Salaries	3 306 087	3 600 998	4 114 689	4 611 357	3 845 823	3 382 782	3 597 558
Amount Specific Advance Or Credit Directors	-7 922	-19 566	-7 154	-5 154	-20 000	-1 155	-1 155
Amount Specific Advance Or Credit Made In Period Directors	-31 449	-24 136	-151		-20 000
Amount Specific Advance Or Credit Repaid In Period Directors	19 401	12 492	12 563	2 000	2 000	2 000
Company Contributions To Money Purchase Plans Directors	38 191	42 049	151 163	73 952	97 121	55 242	56 127
Director Remuneration	647 608	578 164	716 816	781 400	607 191	309 293	247 584
Number Directors Accruing Benefits Under Money Purchase Scheme	4	4	4	4	6	6	3